ZIMTU CAPITAL CORP. ANNOUNCES TRANSACTION WITH PISTOL BAY MINING
         INC. FOR PORTLAND GRAPHITE PROPERTY IN ONTARIO

February 27, 2013 - 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 Pistol Bay Mining Inc. (TSXv: PST) ("Pistol Bay")
whereby Pistol Bay can earn a 100%-interest in the advanced stage Portland Graphite
Property located in southern Ontario.

Portland Graphite Property, Ontario:

The Portland Graphite Property (the “Property”) is situated 1.6 km north of Highway 15
between Kingston and Ottawa. It is road-accessible and consists of private lands
covering approximately 429 hectares, located 5.5 km northeast of the community of
Portland, Ontario. Power and water are available on-site and rail access is nearby.

Graphite on the Property is hosted primarily in Precambrian marbles of the Grenville
Province. Ontario government geologists reported in the 1960s that the graphite occurs
as disseminated flakes averaging 1/8 inch in diameter. Work on the Property by
previous operator Victoria Graphite Inc., including 73 drill holes (5,884m), identified
graphite mineralization in three zones (D-zone, G-zone and I-zone) over a total strike
length of 1700m. Mineralization dips at approximately 70 degrees to the west. In
general, the zones are characterized by broad envelopes of lower-grade graphite
mineralization with widths up to 75m, within which are zones of higher grade material, to
>10% graphitic carbon (“Cg”), based on the diamond drilling by Victoria Graphite in the
late 1980s.

Victoria Graphite also carried out test mining and milling utilizing a 100 tonne per day
pilot plant in the early 1990s. Results of this test milling work are not available to the
Company at this time. The mill building is still present and represents a potentially
significant asset to Pistol Bay in terms of the ongoing development of the Property.

A historical “probable reserve” of 295,000 tonnes grading “slightly above 6% graphite”
was delineated on the property. This estimate is a historical estimate prepared by R.A.
Elliot for Victoria Graphite in 1989. Although it appears to have been done in a
professional manner by the standards of the time, it does not conform to the standards
of NI 43-101. The category “probable reserve” appears to conform most closely to the
currently accepted category of ”Inferred Mineral Resource”. A program of re-logging,
resampling and re-assaying of drill core would be required to bring the estimate up to
43-101 compliance. A qualified person has not done sufficient work to classify the
historical estimate as a current mineral resource or mineral reserve. Pistol Bay is not
treating the historical estimate as a current mineral resource or mineral reserve.

In terms of the quality of the graphite material, metallurgical testing on a 34 tonne
sample of material from the D-zone was carried out in 1989 by Lakefield Research Ltd
on behalf of Victoria Graphite. This work indicated recoveries of 87 to 95% of the
graphite for material ground to -10 mesh. Flotation concentrates grading 80 to 85% Cg
were produced which could be upgraded to 91-93% Cg by heavy liquid separation. Of
particular note, this work indicated a coarse flake (+48 mesh or 0.325mm) content of
66% in the concentrate (Ontario Geological Survey, Open File Report 5729, 1990).

A detailed helicopter EM/magnetic survey over the Property is planned by Pistol Bay in
order to establish geologic controls on mineralization, to better define the known
graphite zones, and to identify new drill targets outside of the main zones. Trenching
and diamond core drilling will support the development of an initial NI 43-101 compliant
resource. Resource definition and exploration work will be complemented with
metallurgical test-work.

Terms:

For its participation in the transaction, Zimtu will receive cash/share payments from
Pistol Bay as follows: (i) 1,000,000 common shares on acceptance by the TSX Venture
Exchange (“TSXv”); (ii) $75,000 cash 6 months from the date of TSXv acceptance (iii)
750,000 common shares 12 months from the date of TSXv acceptance; (iv) 1,000,000
common shares 24 months from the date of TSXv acceptance. Zimtu will also receive a
1,000,000 common share break fee should Pistol Bay not make certain option
payments to the underlying landowners or if the agreement is terminated prior to TSXv
acceptance. Zimtu’s prospecting partner will receive cash/share consideration equal to
that of Zimtu.

The optioned claims were acquired by the Company and its partner by option from
private landowners. 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.
Technical information in this news release has been reviewed by William Brereton P.
Eng of MPH Consulting Limited, Toronto, and a Qualified Person under the definition of
National Instrument 43-101.

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:

Matt Sroka
Corporate Communications
Toll Free: 1.877.377.6222
Phone: 604.681.1568
Email: info@zimtu.com

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 Pistol Bay can earn a 100%-interest in the
Portland Graphite Property; that in consideration for its interest, Zimtu will receive staged cash/share
payments from Pistol Bay, that Zimtu will also receive a 1,000,000 common share break fee should Pistol
Bay not make certain underlying option payments or if the agreement is terminated prior to TSXv
acceptance; that Zimtu's partner will receive cash and share consideration equal to that of Zimtu; that a
detailed helicopter EM/magnetic survey over the Property is planned by Pistol Bay in order to establish
geologic controls on mineralization, to better define the known graphite zones, and to identify new drill
targets outside of the main zones; that trenching and diamond core drilling by Pistol Bay will support the
development of an initial NI 43-101 compliant resource; that resource definition and exploration work by
Pistol Bay will be complemented with metallurgical test-work; 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.

News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Mining Inc. for Portland Graphite Property in Ontario

  • 1.
    ZIMTU CAPITAL CORP.ANNOUNCES TRANSACTION WITH PISTOL BAY MINING INC. FOR PORTLAND GRAPHITE PROPERTY IN ONTARIO February 27, 2013 - 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 Pistol Bay Mining Inc. (TSXv: PST) ("Pistol Bay") whereby Pistol Bay can earn a 100%-interest in the advanced stage Portland Graphite Property located in southern Ontario. Portland Graphite Property, Ontario: The Portland Graphite Property (the “Property”) is situated 1.6 km north of Highway 15 between Kingston and Ottawa. It is road-accessible and consists of private lands covering approximately 429 hectares, located 5.5 km northeast of the community of Portland, Ontario. Power and water are available on-site and rail access is nearby. Graphite on the Property is hosted primarily in Precambrian marbles of the Grenville Province. Ontario government geologists reported in the 1960s that the graphite occurs as disseminated flakes averaging 1/8 inch in diameter. Work on the Property by previous operator Victoria Graphite Inc., including 73 drill holes (5,884m), identified graphite mineralization in three zones (D-zone, G-zone and I-zone) over a total strike length of 1700m. Mineralization dips at approximately 70 degrees to the west. In general, the zones are characterized by broad envelopes of lower-grade graphite mineralization with widths up to 75m, within which are zones of higher grade material, to >10% graphitic carbon (“Cg”), based on the diamond drilling by Victoria Graphite in the late 1980s. Victoria Graphite also carried out test mining and milling utilizing a 100 tonne per day pilot plant in the early 1990s. Results of this test milling work are not available to the Company at this time. The mill building is still present and represents a potentially significant asset to Pistol Bay in terms of the ongoing development of the Property. A historical “probable reserve” of 295,000 tonnes grading “slightly above 6% graphite” was delineated on the property. This estimate is a historical estimate prepared by R.A. Elliot for Victoria Graphite in 1989. Although it appears to have been done in a professional manner by the standards of the time, it does not conform to the standards of NI 43-101. The category “probable reserve” appears to conform most closely to the
  • 2.
    currently accepted categoryof ”Inferred Mineral Resource”. A program of re-logging, resampling and re-assaying of drill core would be required to bring the estimate up to 43-101 compliance. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve. Pistol Bay is not treating the historical estimate as a current mineral resource or mineral reserve. In terms of the quality of the graphite material, metallurgical testing on a 34 tonne sample of material from the D-zone was carried out in 1989 by Lakefield Research Ltd on behalf of Victoria Graphite. This work indicated recoveries of 87 to 95% of the graphite for material ground to -10 mesh. Flotation concentrates grading 80 to 85% Cg were produced which could be upgraded to 91-93% Cg by heavy liquid separation. Of particular note, this work indicated a coarse flake (+48 mesh or 0.325mm) content of 66% in the concentrate (Ontario Geological Survey, Open File Report 5729, 1990). A detailed helicopter EM/magnetic survey over the Property is planned by Pistol Bay in order to establish geologic controls on mineralization, to better define the known graphite zones, and to identify new drill targets outside of the main zones. Trenching and diamond core drilling will support the development of an initial NI 43-101 compliant resource. Resource definition and exploration work will be complemented with metallurgical test-work. Terms: For its participation in the transaction, Zimtu will receive cash/share payments from Pistol Bay as follows: (i) 1,000,000 common shares on acceptance by the TSX Venture Exchange (“TSXv”); (ii) $75,000 cash 6 months from the date of TSXv acceptance (iii) 750,000 common shares 12 months from the date of TSXv acceptance; (iv) 1,000,000 common shares 24 months from the date of TSXv acceptance. Zimtu will also receive a 1,000,000 common share break fee should Pistol Bay not make certain option payments to the underlying landowners or if the agreement is terminated prior to TSXv acceptance. Zimtu’s prospecting partner will receive cash/share consideration equal to that of Zimtu. The optioned claims were acquired by the Company and its partner by option from private landowners. 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.
  • 3.
    Technical information inthis news release has been reviewed by William Brereton P. Eng of MPH Consulting Limited, Toronto, and a Qualified Person under the definition of National Instrument 43-101. 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: Matt Sroka Corporate Communications Toll Free: 1.877.377.6222 Phone: 604.681.1568 Email: info@zimtu.com 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 Pistol Bay can earn a 100%-interest in the Portland Graphite Property; that in consideration for its interest, Zimtu will receive staged cash/share payments from Pistol Bay, that Zimtu will also receive a 1,000,000 common share break fee should Pistol Bay not make certain underlying option payments or if the agreement is terminated prior to TSXv acceptance; that Zimtu's partner will receive cash and share consideration equal to that of Zimtu; that a detailed helicopter EM/magnetic survey over the Property is planned by Pistol Bay in order to establish
  • 4.
    geologic controls onmineralization, to better define the known graphite zones, and to identify new drill targets outside of the main zones; that trenching and diamond core drilling by Pistol Bay will support the development of an initial NI 43-101 compliant resource; that resource definition and exploration work by Pistol Bay will be complemented with metallurgical test-work; 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.