Zimtu Capital Corp announces a transaction with Olympic Resources Ltd. for the Flora Lake Graphite Property in Labrador. Olympic can earn 100% interest in the property by making staged cash and share payments to Zimtu. The Flora Lake Property consists of 5 claim blocks totaling 4,104 hectares near Labrador City with historical graphite occurrences reported. Olympic plans an exploration campaign including geophysics, mapping, sampling, trenching and drilling to target an open-pittable crystalline flake graphite deposit.

1. ZIMTU CAPITAL CORP. ANNOUNCES TRANSACTION WITH OLYMPIC
RESOURCES LTD. FOR FLORA LAKE GRAPHITE PROPERTY IN LABRADOR
May 2, 2012 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or “Zimtu”)
is pleased to announce that the Company and one of its prospecting partners have
signed an agreement with Olympic Resources Ltd. (TSXv: OLA) ("Olympic") whereby
Olympic can earn a 100%-interest in the Flora Lake Graphite Property located in
Labrador.
Flora Lake Graphite Property:
The Flora Lake Graphite Property (the "Property") consists of five contiguous claim
blocks totaling approximately 4,104 hectares located 8 kilometers east of Labrador City,
Labrador. The property is accessible via Trans Labrador Highway 500. The Project is
transected by other infrastructure that services the nearby iron mines, such as power
lines and railroads.
The Property was previously explored by the Newfoundland & Labrador Corporation
Ltd., in 1953, where a reconnaissance scale property mapping campaign discovered
several graphite occurrences. Impure quartzites and crystalline limestones on the
property are reported to contain disseminated graphite. Additionally, other rock types of
feldspar-quartz-biotite gneiss and mica-garnet gneiss are reported to contain graphitic
schists on the Property. Regionally, these rocks have been mapped as part of the
Lower Proterozoic Gagnon Group, which is a high-grade metamorphic terrane host to
several other graphite deposits in neighbouring Quebec; including the Lac Guéret and
Lac Knife Deposits.
The graphite occurrences on the Property are described by the author of the report,
W.P. Boyko (1953) as: “graphitic bands up to 10 feet in the feldspar-quartz biotite
gneiss… The graphite occurs as disseminated flakes to a solid seam up to 2 inches
thick.”
Olympic intends to mount an exploration campaign on the Property commencing with a
complete compilation of historic geologic work followed by electromagnetic geophysical
surveys, surface mapping and sampling, trenching, and diamond drilling. The
exploration target is an open-pittable, crystalline flake graphite deposit similar to other

2. graphite deposits and mines in Quebec such as Focus Metals Inc.'s (TSXv: FMS) Lac
Knife Deposit.
Terms:
For its participation in the transaction, Zimtu will receive staged cash and share
payments from Olympic as follows: (i) $15,000 on signing; (ii) $15,000 and 750,000
common shares on acceptance by the TSX Venture Exchange (“TSXv”); (iii) 250,000
common shares 6 months from the date of TSXv acceptance; (iv) 250,000 common
shares 12 months from the date of TSXv acceptance; (v) 250,000 common shares 14
months from the date of TSXv acceptance. Zimtu’s prospecting partner will receive cash
and share consideration equal to that of Zimtu. The vendors will retain a 2% Net Milling
Royalty on the Property; 1% of which can be purchased by Olympic for C$1 million.
The optioned claims were acquired by the Company and its partner by staking. Zimtu,
along with its prospecting partners, continue to evaluate and acquire prospective
resource properties to make available for sale or joint venture. As part of the Company's
business, Zimtu provides mineral property advisory services and helps to connect
companies with mineral properties of interest.
Neil McCallum, P.Geo., a Qualified Person as defined by National Instrument 43-101,
has reviewed and approved the technical content of this release.
About Zimtu Capital Corp.
Zimtu Capital Corp. 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 advisory
services helping to connect companies to properties of interest.
Zimtu Capital 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:
Kevin Bottomley
Shareholder Services
Toll Free: 1.877.377.6222
Phone: 604.681.1568
Email: info@zimtu.com

3. On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
“David Hodge”
David Hodge
President & Director
Phone: 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.
Statements in this document which are not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions regarding the future.
Forward-looking statements in this news release include that Olympic can earn a 100%-interest in the
Flora Lake Property; that in consideration for its interest, Zimtu will receive staged cash and share
payments from Olympic, that Zimtu's partners will receive cash and share consideration equal to that of
Zimtu; that the vendors will collectively retain a 2% Net Milling Royalty on the property, 1% of which can
be purchased by Olympic for C$1 million; that Olympic plans to mount an exploration campaign on the
Flora Lake Property commencing with a complete compilation of historic geologic work followed by
surface work, trenching, and diamond drilling; and that Zimtu with the support of its prospecting partners
will continue to evaluate and acquire prospective resource properties to make available for sale or joint
venture.
It is important to note that actual outcomes and the Company’s actual results could differ materially from
those in such forward-looking statements. Risks and uncertainties include, but are not limited to,
economic, competitive, governmental, environmental and technological factors that may affect the
Company's operations, markets, products and prices. Readers should refer to the risk disclosures
outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed
with the British Columbia Securities Commission.