Mr. David Hodge of Zimtu reports

ZIMTU CAPITAL CORP. INCREASES EQUITY HOLDING IN EQUITAS RESOURCES CORP.

Zimtu Capital Corp. has acquired 3.1 million units of Equitas Resources Corp. at a price of six cents per unit through a non-brokered private placement. Each unit consists of one common share and one share purchase warrant exercisable at 10 cents per common share for a period of two years from closing. The warrants contain restrictive language that will not allow for the exercise of the number of warrants that would cause Zimtu's holdings to exceed 19.9 per cent of the issued and outstanding capital of Equitas, without first having received TSX Venture Exchange and disinterested shareholder approval. Following this transaction, Zimtu holds a total of 5,600,999 common shares, or 16.2 per cent of the current 34,503,119 issued and outstanding common shares of Equitas.

These securities were acquired for investment purposes only. Zimtu intends to evaluate the investment and to increase or decrease holdings as circumstances warrant.