Mr. Dwayne Yaretz reports

MUZHU ANNOUNCES PRIVATE PLACEMENT

Muzhu Mining Ltd. has arranged a non-brokered flow-through private placement of 4.25 million units at 10 cents per unit for an aggregate amount of $425,000. Each unit comprises one flow-through common share of the company and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 14 cents per share for a three-year exercise period.

All of the securities distributed under the foregoing private placement are subject to a four-month hold period from the date of issue. The offering is subject to approval by the Canadian Securities Exchange. Fees payable in cash, warrants or a combination thereof may be payable to eligible individuals.

Proceeds will be used for Canadian mineral exploration projects.

About Muzhu Mining Ltd.

Muzhu Mining 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, lead XWG and LMM properties, and is currently pursuing an exploration agreement at the WLG mine, all located in the Henan province, China.