Mr. David Hodge reports

ZIMTU CAPITAL CORP. COMMENCES EXPLORATION PROGRAM AT THE MUNN LAKE PROPERTY

Zimtu Capital Corp. has commenced fieldwork on the Munn Lake property, located in the Slave Craton, Northwest Territories. The fieldwork will consist of kimberlite indicator mineral (KIM) sampling in order to validate the historical sampling work and provide additional insight into the diamondiferous potential of each area.

The Munn Lake diamond property is situated in the midst of the Southern Slave kimberlite field, approximately 35 kilometres east of the producing De Beers Snap Lake diamond mine and 40 km northwest of the De Beers Gahcho Kue project, scheduled to commence diamond production in 2016.

Historical exploration included the collection of over 2,500 samples and has identified at least five distinct mineral trains. The diamondiferous Munn Lake sill has been identified as the source of only one of the five KIM trains. The four remaining KIM trains on the property have seen substantially little follow-up work by the previous operator, and there is believed to be a high potential for the discovery of up to four new kimberlites.

Historical exploration highlights:

• Between 1996 and 2007, SouthernEra Resources Ltd. acted as the operator of the diamond exploration program at Munn Lake. The bulk of the historical work was conducted between 1996 and 1999;
• Diamondiferous Yuryi boulder field (SouthernEra news release, Feb. 18, 1999):
  • 226 diamonds, including 62 macrodiamonds returned from 581-kilogram sample;
  • Boulders up to 25 metres in diameter;
• Diamondiferous Munn Lake sill (SouthernEra news release, June 8, 1999):
  • 14 diamonds including two macrodiamonds and 12 microdiamonds returned from 42-kilogram sample;
  • Drill-indicated total length of 1.3 km;
  • True thickness between 12 m and 0.25 m;
• Four additional KIM trains on the property, sources yet to be identified.

Additionally the project benefits from existing infrastructure with the Gahcho Kue seasonal supply road transecting the property.

Prima Diamond Corp. had previously entered into an option agreement to acquire 100 per cent of the Munn Lake diamond property from Zimtu and one of its staking partners. Prima has not received TSX Venture Exchange approval of the option agreement. Zimtu and its staking partner have decided to commence the above outlined fieldwork program at the property. The exploration work is intended to advance the knowledge of the project. The results of the program may result in a renegotiation of the option agreement. Without regulatory approval, Zimtu and its staking partner will continue to look at the best alternative opportunities to advance the project.

National Instrument 43-101 disclosure

Neil McCallum, PGeo, a qualified person as defined by National Instrument 43-101, read and approved the disclosure of the technical information in this news release.

We seek Safe Harbor.