Mr. Sean Charland reports

ZIMTU CAPITAL CORP. SIGNS AGREEMENT TO SELL CRYSTAL LAKE COPPER PROPERTY TO DISCOVERY ENERGY METALS CORP.

Zimtu Capital Corp. has signed a definitive agreement with Discovery Energy Metals Corp. for the sale of a 100-per-cent interest in the Crystal Lake copper property, located in north-central British Columbia, approximately 34 kilometres south of Fort Fraser.

Under the terms of the agreement, Zimtu will receive total consideration of $200,000 in cash and two million common shares of Discovery Energy Metals, with an additional $200,000 in cash and one million common shares payable upon the discovery of a qualifying drill intercept. Zimtu will also retain a 2-per-cent net smelter returns (NSR) royalty on the property, of which 1 per cent may be bought back by Discovery for $1-million within five years.

Transaction terms:

• $100,000 in cash and one million common shares of Discovery issued upon signing;
• An additional $100,000 in cash and one million common shares six months from signing;
• A bonus of $200,000 in cash and one million common shares payable upon the first drill intercept of 0.5 per cent Cu over 100 metres (or equivalent);
• 2-per-cent NSR royalty granted to Zimtu, with a 1-per-cent buyback right for $1-million within five years.

All securities issued are subject to applicable hold periods and approval from the Canadian Securities Exchange and, if applicable, the TSX Venture Exchange.

The Crystal Lake copper property comprises eight mineral claims covering approximately 5,283 hectares. The project is road accessible and benefits from nearby infrastructure including a CN rail line, power transmission lines and a natural gas pipeline.

Discovery Energy Metals will assume full ownership and future exploration efforts on the property.

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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