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News Releases

#June 22, 2020
Zimtu Capital Corp. Announces Contract with Ares Strategic Mining Inc.

 June 22, 2020 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") announces it has signed an agreement with Ares Strategic Mining Inc. (TSXv: ARS) ("Ares") to provide services under its ZimtuADVANTAGE program.

ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings, and assistance to clients covering multiple aspects of being a public company. The services may include building financial networks, building business networks, shared costs with other public companies, building a social media presence, conference opportunities, media outlets and guidance, and special group pricing provided by Zimtu's network of public company professionals. The program provides the flexibility to allow companies to customize the products and services to best support their needs.

About Ares Strategic Mining

Ares owns the only permitted and producing fluorspar mine in the U.S. The Company is in the process of ramping up production through new equipment, new plant, adit construction, and new strategic partners, and has already established a global customer base. Ares is designing new mining plans to optimize output, and improve the mine's infrastructure, so it can meet the demands of a large US market which currently imports all its fluorspar from abroad. The Company is focusing on near-term production and cash flow, as well as continuous expansion, so that it can become one of the world's largest fluorspar suppliers.

About Zimtu Capital Corp.

Zimtu Capital Corp. is a public investment issuer that invests with the objective of achieving long-term capital appreciation for its shareholders. The Company utilizes its capital base and long-term horizon to invest in unique situations; primarily micro-cap, special situations, and illiquid public and private companies. Zimtu 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". For more information please visit http://www.zimtu.com.

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

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

Neither 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 release.
 
#May 15, 2020
Zimtu Capital Corp. Announces Contract with IMC International Mining Corp.

 May 15, 2020 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") announces it has signed an agreement with IMC International Mining Corp. (CSE: IMCX; OTC  PINK: IMIMF; FRA: 3MX) to provide its ZimtuADVANTAGE program.

ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple aspects of being a public company. The services may include building financial networks, building business networks, shared costs with other public companies, building a social media presence, conference opportunities, media outlets and guidance and special group pricing provided by Zimtu's network of public company professionals. The program provides the flexibility to allow companies to customize the products and services to best support their needs.

About IMC International Mining Corp.

IMC is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets which include the Thane Property in north-central British Columbia, and the Bullard Pass Property in Arizona. Utilizing its heavily experienced management team. IMC continues to source and evaluate assets to provide shareholder value.

The Thane Property covers approximately 206 km2 (50,904 acres) and is located in the Quesnel Terrane of north-central British Columbia. The northern part of the Quesnel Terrane extends from south of the Mt. Milligan Mine northward to the Kemess Mine, with the Thane property located midway between these two copper-gold porphyry deposits. The property includes several highly prospective mineralized areas identified to date, including the 'Cathedral Area' on which the Company is currently focused.

The Bullard Pass Property is comprised of 171 unpatented federal lode claims totaling 3,420 acres and is located in west-central Arizona, northwest of Phoenix, within the Pierce Mining District in Yavapai County. The property has a regional setting typical of detachment fault gold deposits and has geological, mining and metallurgical similarities to the Mesquite Mine in California. The claims are 100% owned by IMC International Mining Corp.

About Zimtu Capital Corp.

Zimtu Capital Corp. is a public investment issuer that invests with the objective of achieving long-term capital appreciation for its shareholders. The Company utilizes its capital base and long-term horizon to invest in unique situations; primarily micro cap, special situations, and illiquid public and private companies. 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". For more information please visit http://www.zimtu.com.

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

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

Neither 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 release.

 
#April 24, 2020
Zimtu Capital Corp. Notification to Shareholders - Regarding Upcoming Annual General Meeting

 

April 24, 2020 - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") announces that, due to recently announced restrictions and recommendations regarding public meetings and physical distancing measures as a result of COVID-19, shareholders and other guests are strongly encouraged not to attend in person the Company's annual general meeting of shareholders (the "Meeting") currently scheduled for Wednesday, May 13, 2020 at 10:30 a.m. (Vancouver Time).

Given concerns regarding COVID-19 and to mitigate risks to the health and safety of our communities, the Company encourages shareholders to vote in advance of the Meeting and reminds them that proxy voting instructions are included in the Notice of Meeting, Management Information Circular and Proxy Statement mailed to shareholders in connection with the Meeting (collectively, the "Meeting Materials"). Signed registered shareholder proxies can be mailed in advance of the meeting to the Company's transfer agent, Odyssey Trust Company at Suite 323 -- 409 Granville Street, Vancouver, British Columbia  V6C 1T2 (Attention: Proxy Department), or can be voted by internet at http://odysseytrust.com/Transfer-Agent/Login for tabulation in advance of the Meeting. Copies of the Meeting Materials are available under the Company's SEDAR profile at www.sedar.com.

If you are a shareholder seeking to attend the Meeting, please contact David Hodge, the President and a director of the Company, at the contact details below to arrange to participate in the Meeting.

The Company apologizes for any inconvenience this may cause.

About Zimtu Capital Corp.

Zimtu Capital Corp. is a public investment issuer that invests in, creates and grows natural resource companies thereby providing a way for shareholders to indirectly participate and profit in the public company building process. The Company also provides mineral property project generation and advisory services helping to connect companies to properties 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 Scott Rose, Corporate Communications, 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.

 
#March 11, 2020
Zimtu Capital to Increase Investment Holdings in Battery Storage Company, Zinc8 Energy Solutions

 Vancouver, British Columbia, March 11, 2020 -- Zimtu Capital Corp. ("Zimtu") (TSX-V:ZC; Frankfurt: ZCT1) an investment issuer with the objective of achieving long-term capital appreciation for its investors, is pleased to have negotiated acquisition and control in a private transaction over 5,500,000 common shares in the capital of MGX Renewables Inc., (DBA Zinc8 Energy Solutions Inc. ("Zinc8")), a Vancouver, B.C. developer and manufacturer of long-duration, low-cost zinc-air energy storage solutions.

"The acquisition of these additional shares represents our support and confidence in Zinc8 Energy Solutions Inc. executive leadership and technology which will allow for the low-cost mass storage of energy which can be deployed into a wide range of scalable energy storage applications."

Commented Dave Hodge, President and Director of Zimtu.

Ron MacDonald, CEO of the Zinc8, commented: "We are extremely pleased to welcome the increased participation by Zimtu Capital. This vote of confidence at this early stage is invaluable. I look forward to working together with our strategic investors as we grow Zinc8 into a leading supplier of Zinc-air batteries for the battery storage sector."

About Zinc8

Zinc8 Energy Solutions has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. Zinc-air batteries can be ideal for mass storage systems and offer both environmental and safety benefits. Zinc8 Energy Solutions strives to meet the growing need for secure and reliable power. To watch a short video outlining Zinc8 Energy Solutions' technology, please visit: https://zinc8energy.com.

More about The Zinc8 Energy Storage System (ESS)

The Zinc8 ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW with capacity of 8 hours of storage duration or higher. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of long-duration applications for microgrids and utilities. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium-ion battery.

Figure 1. Zinc8Energy Energy Storage System (ESS)

Technology

The Zinc8 ESS is based upon unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.

Applications

The flexibility of the Zinc8 ESS enables it to service a wide range of applications. Typical examples include:

  • Smoothing energy derived from renewable sources such as wind and solar
  • Commercial/Industrial backup replacing diesel generators
  • Industrial and grid scale, on-demand power for peak shaving and standby reserves
  • Grid-scale services such as alleviating grid congestion, deferring transmission/distribution upgrades, energy trading and arbitrage, and increasing renewable energy penetration.

Architecture

The Zinc8 ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:

  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function
  • The Fuel Storage Subsystem (FSS) provides the energy storage function
  • The Power Generation Subsystem (PGS) provides the discharging function

Following the recent resignation of Jared Lazerson, the Zinc8 Energy Solutions Inc.'s board of directors now consists of Ron MacDonald, Michael Reimann, Lyndon Patrick, and Dave Hodge.

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Zimtu Capital Share Ownership in Zinc8

Zimtu Capital will be acquiring 5,500,000 shares of Zinc8 pursuant to a transaction with MGX Minerals Inc. at a price of 10 cents per acquired share for aggregate consideration of $550,000.00.

Prior to the acquisition, Zimtu had ownership and control over 4,278,333 common shares and 4,183,333 warrants (400,000 @ $0.35 - 3,783,333 @ $0.08) of Zinc8. Following the acquisition, Zimtu attained additional ownership and control over 5,500,000 common shares in the capital of the company, representing approximately 18.61% per cent of the issued and outstanding common shares immediately after completion of the transaction.

Zimtu's principal business is an investment holding company. Zimtu acquired the acquired shares for investment purposes only and will review its investment on a continuing basis. Upon such review, depending upon such factors that Zimtu may, from time to time deem relevant, among other things, acquire additional securities of the company or dispose of some or all of the existing or additional securities Zimtu holds or will hold.

About Zimtu Capital Corp.

Zimtu Capital Corp. is an investment issuer with the objective of achieving long-term capital appreciation for its investors. The Company utilizes its small capital base and long-term horizon to invest in unique situations; primarily micro/small cap, special situations, and illiquid public and private companies. 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". For more information please visit http://www.zimtu.com.

On Behalf of the Board of Directors

ZIMTU CAPITAL CORP.
"David Hodge"
President & Director

604-681-1568
Fax: 604-681-8240
Email:

Neither 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 release.

 
#January 17, 2020
Zimtu Acquires the Lac Elmer East Property Near Eastmain River, James Bay Region, Quebec

 Vancouver, January 17th, 2020 -- Zimtu Capital Corp., (TSX-V - ZC; Frankfurt -- ZCT1), a public resource investment company based in Vancouver, Canada, is pleased to announce that it has acquired through 50/50 staking with a local prospector, a mineral property located in the James Bay Region of Quebec.

The Lac Elmer East Property (the "property) consists of 35 mineral claims, encompassing an area of 18.4 square kilometers and is located 8 kilometers east of the easternmost extent of Azimut Exploration Inc.'s recent discovery at their Elmer Gold Property (See TSX-V- AZM news dated January 14, 2020). The property can be accessed by motor vehicle heading north on the James Bay Road at kilometer 400.

The Lac Elmer East property lies on a distinct area of high magnetic susceptibility (evident by the Quebec Government regional residual magnetics survey) and trends along the same Archean Greenstone Belt as the recent Azimut Exploration Inc. discovery.

The Lac Elmer East Property is bounded to the southeast side by a regional dextral strike slip fault and to the north by a sinistral strike slip fault. The property is underlain by a diverse suite of Archean rocks including rhyolite, dacite, tonalite, diorite, gneiss, volcaniclastics and porphyritic felsic intrusions as mapped by Resource and Energy Quebec.

Zimtu Capital staked the mineral claims on January 15, 2020. Mineral titles can be expected to appear as "Titles on Demand" or "Pending" for up to 30 days on the Quebec GESTIM or SIGEOM system. A map illustrating the exact location of the property will be composed and disseminated upon the Quebec Governments full mineral title approval.

NI 43-101 Disclosure

Contents of this news release were constructed under the supervision of Nicholas Rodway, Registered Professional Geologist and a Qualified Person as defined by National Instrument 43-101. Mr. Rodway has reviewed and approved this news release.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that invests in, creates and grows natural resource companies. The company also provides mineral property project generation and advisory services helping to connect companies to properties of interest.

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"David Hodge"
President & Director
604-681-1568
Fax: 604-681-8240
Email: dhodge@zimtu.com

Neither 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 release.
 

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