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File: ZIMTU News Release re AnnouncingClosing of Private Placement (March 2019).DOCX

ZIMTU CAPITAL CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT



March 20, 2019 - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") announces that it has completed
---> its previously announced non-brokered private placement (the "Private Placement"), as described in its News Release d
--->ated March 15, 2019, pursuant to which it has issued an aggregate of 1,112,000 units (each, a "Unit") at a price of $0
--->.25 per Unit for gross proceeds of $278,000.  Each Unit consists of one common share in the capital of the Company (ea
--->ch, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into o
--->ne additional Share at a price of $0.30 per Share for a period of two years from the closing date. 

The securities issued under the Private Placement, and the shares that may be issuable on exercise of the Warrants, ar
--->e subject to a statutory hold period expiring on July 21, 2019.

The Company intends to use the proceeds from the Private Placement for working capital.


About Zimtu Capital Corp.

Zimtu Capital Corp. is a public investment issuer that invests in, creates and grows natural resource companies thereb
--->y providing a way for shareholders to indirectly participate and profit in the public company building process. The Co
--->mpany also provides mineral property project generation and advisory services helping to connect companies to properti
--->es of interest.

Zimtu trades on the TSX Venture Exchange under the symbol "ZC" and the Frankfurt Stock Exchange under the symbol "ZCT1
--->". For more information please visit the corporate website at http://www.zimtu.com or contact Matt Sroka, Corporate Co
--->mmunications, at 604.681.1568.  

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"David Hodge"
David Hodge
President & Director
Phone: 604.681.1568


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE 
--->TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.