EARLY WARNING NEWS RELEASE FOR DIETER PETER, PRESIDENT AND CEO OF MINERAL HILL INDUSTRIES AND MERFIN MANAGEMENT LIMITED

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[{"type":"text","content":"\n\n\n\n EARLY WARNING NEWS RELEASE FOR DIETER PETER, PRESIDENT AND CEO OF MINERAL HILL INDUSTRIES AND MERFIN MANAGEMENT LIMITED\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n Toronto: TSX-V: MHI\n \n Frankfurt: MLN/WKN: A1JKJN\n \n OTC Market (US): MHIFF\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 8, 2024\n \n\n /CNW/ -\n \n Dieter Peter\n \n , president, chief executive officer and a director of Mineral Hill Industries Ltd (\"MHI\" or \"Company\") and Merfin Management Limited (\"MRF\"), private holding company's and MHI's current controlling shareholder, has executed on\n \n August 6, 2024\n \n a letter of intent (the \"LOI\") with Instant Finance and Consulting AG (\"IFCAG\") whose controlling shareholder and representative is Mr.\n \n Boris Vrabec\n \n for the possible private sale of 11,383,795 common shares of MHI held by MRF (the \"MRF/MHI-Shares\"), representing a control position of MHI's outstanding share capital, at a price of\n \n $0.022\n \n per MRF/MHI-Share.\n \n\n IFCAG is a private company incorporated and existing under the laws of\n \n Switzerland\n \n of which Mr.\n \n Boris Vrabec\n \n is a member of IFCAG's \"Verwaltungsrat\".\n \n\n IFCAG, either directly or through its subsidiaries provides independent advice and provision of all services internationally, in particular within the entire insurance, fiduciary, financial, financial and administrative sectors and has entered into acquisition and significant financing agreements to acquire and finance substantial precious mineral projects and has assembled a highly qualified exploration and mining team.\n \n\n MHI has currently 21,324,807 common shares (\"MHI-Shares\") outstanding of which MRF presently owns 11,383,795 MHI-Shares representing 53.38% of the Company's issued and outstanding securities.\n \n\n The share transfer of the MRF/MHI-Shares from Mr. Peter to IFCAG will create a new control person and result in a change of control under the Policies of the TSX Venture Exchange, and will require the approval o...

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