Mr. Sean Charland reports

ZIMTU CAPITAL CORP. ANNOUNCES PROPOSED SHARE CONSOLIDATION

Zimtu Capital Corp. intends to complete a consolidation of its issued and outstanding common shares on the basis of one new share for every five current outstanding shares.

It is anticipated that the consolidation will reduce the number of outstanding shares from 63,413,303 shares to approximately 12,682,661 postconsolidated shares, subject to adjustment for rounding. The board of directors of the company believes that the consolidation will both enhance the marketability of the company as an investment and better position the company to raise the funds necessary to execute the company's business plan. The consolidation is subject to approval by the TSX Venture Exchange.

The company does not intend to change its name or its current trading symbol in connection with the proposed consolidation. The effective date of the consolidation will be announced in a subsequent news release.

No fractional postconsolidated shares will be issued as a result of the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a postconsolidated share will be rounded up to the nearest whole number of postconsolidated shares and no cash consideration will be paid in respect of fractional shares.

The exercise price and number of shares of the company issuable upon the exercise of outstanding options and warrants will be proportionally adjusted upon the implementation of the proposed consolidation in accordance with the terms thereof.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The company trades on the TSX Venture Exchange under the symbol ZC and Frankfurt under symbol ZCT1.

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