Jinhua Capital Corporation announced that the Company has received
conditional acceptance from the Exchange with respect to its previously announced Qualifying Transaction involving the option to acquire up to a 100% interest in and to the 54 mineral claims that constitute the Pluto Gold and Base Metals Property, located in the Dolomieu and Daubree Townships of Quebec (the Pluto Property), from Musk Metals Corp. (Musk), pursuant to the terms of a property option agreement dated January 19, 2022 with Musk (the Transaction). It is expected that upon completion of the Transaction (the Closing), the Company will be classified on
the Exchange as a Tier 2 Mining Issuer. In connection with the Transaction, the Company expects to file a filing statement (the Filing Statement) prepared in accordance with the policies of the Exchange. The
Filing Statement will provide more fulsome and detailed information with respect to the Company, the Pluto Property and the Transaction as a whole.