Mr. Dwayne Yaretz reports

NON-BROKERED PRIVATE OFFERING OF 5,000,000 $0.10 UNITS

Muzhu Mining Ltd. has arranged a non-brokered private placement of up to five million units for 10 cents per unit, with each unit consisting of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one share at a price of 14 cents per share for a period of 12 months from the closing and at a price of 20 cents per share for a period of 24 months from the closing. The exercise period for the warrants may be accelerated to 30 days if, at any time after the first four months of the warrant exercise period, the volume-weighted trading average of Muzhu's common shares over a period of 20 consecutive trading days exceeds 30 cents. The proceeds of up to $500,000 from the financing will be used for working capital. Fees payable in cash, warrants or a combination thereof may be payable to eligible individuals.

Muzhu is a Canadian publicly traded exploration company with a portfolio of highly prospective projects at various stages of development. Muzhu currently holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que. As well, Muzhu has executed two option agreements to acquire up to 80 per cent of the silver, zinc and lead XWG and LMM properties, and is currently pursuing an exploration agreement at the WLG mine, all located in Henan province, China.