ZIMTU CAPITAL CORP. ANNOUNCES TRANSACTION WITH BIG NORTH FOR GRAND LAC DU NORD GRAPHITE PROPERTY IN QUEBEC

April 11, 2012 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or “Zimtu”) is pleased to announce that the Company and three prospecting partners have signed an agreement with Big North Graphite Corp. (TSXv: NRT) (“Big North”) whereby Big North can earn a 100%-interest in the Grand Lac Du Nord Graphite Property located in Quebec.

Grand Lac Du Nord Graphite Property: The Grand Lac du Nord Graphite Property (the “Property”) consists of one contiguous claim block totaling approximately 2,009 hectares (20.09 km2) located approximately 140 kilometers northwest of Sept-Iles, Quebec. The property is accessible via paved and logging roads. The Property was previously explored by SOQUEM, Inc. following up on airborne electromagnetic (EM) anomalies. Ground work in 2000 and 2001 identified a high grade sillimanite formation. The presence of graphite over the property was also noted visually but not given any focus at the time. The Property contains a graphitic paragneiss formation approximately 8 kilometres in length by 1 to 2 km wide. The formation is composed of quartz, graphite, biotite and sulphides. The sulphides are in veinlets or disseminated in the paragneiss while the graphite is in disseminated flakes. A second formation parallel with the above consists of a sillimanite paragneiss band, also 8 km in length with a width of about 1 to 2 km. This horizon composed of quartz-feldspars, sillimanite, graphite, biotite, garnet and cordierite. The formation is intercalated with bands of quartzite. Property maps will be posted on Big North’s website at: http://www.bignorthgraphite.com Big North intends to mount an exploration campaign on the Property commencing with a complete compilation of historic geologic work followed by surface work, trenching and diamond drilling. The exploration target is an open-pittable, crystalline flake graphite deposit similar to other graphite deposits and mines in Quebec such as Focus Metals

Inc.’s (TSXv: FMS) Lac Knife Deposit and Timcal Graphite and Carbon’s Lac des Iles Mine. Terms: For its participation in the transaction, Zimtu will receive staged cash and share payments from Big North as follows: (i) $10,000 on signing; (ii) $10,000 and 375,000 common shares on acceptance by the TSX Venture Exchange (“TSXv”); (iii) 125,000 common shares 6 months from the date of TSXv acceptance; (iv) 125,000 common shares 12 months from the date of TSXv acceptance; (v) 125,000 common shares 14 months from the date of TSXv acceptance. Zimtu’s three prospecting partners will each receive cash and share considerations equal to that of Zimtu. The vendors will retain a 2% Net Milling Royalty on the Property; 1% of which can be purchased by Big North for C$1 million. In addition, if, at any time within seven years of the effective date, Big North files a NI 43-101 compliant resource (in any category pursuant to CIMM standards) with 200,000 tonnes or more of graphite content (at a cut-off of 5% Cgr) or the equivalent in sillimanite at a ratio of 5 for 1, Big North will pay to the vendors collectively additional cash consideration of $200,000 and will issue 2,000,000 shares to the vendors. Graphite Market Global consumption of natural graphite has increased from ~600,000 in 2000 to 1.2 MM t in 2012. Demand for graphite has been increasing by approximately 5% per year since 2000 due to the ongoing modernization of China, India and other emerging economies, resulting in strong demand from traditional end uses such as the steel and automotive industries. Graphite also has many important new applications such as lithium-ion batteries, fuel cells and nuclear and solar power that have the potential to create significant incremental demand growth. There is roughly 20 times more graphite required by weight to produce a lithium-ion battery than there is lithium. Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted as well as increasing uses in new technology applications. Natural graphite comes in several forms: flake, amorphous and lump. Of the 1.2 million tonnes of graphite produced annually, approximately 40% is of the most desirable flake type. China, which produces about 73% of the world's graphite, is seeing production and export growth leveling and export taxes and a licensing system have been instituted. A recent European Commission study regarding the criticality of 41 different

materials to the European economy included graphite among the 14 materials high in both economic importance and supply risk (Critical Raw Materials for the EU, July 2010). Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled. The optioned claims were acquired by the Company and its partners 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.

Jean-Sebastien Lavallée (OGQ #773), geologist, 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 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 Big North can earn a 100%-interest in the Grand Lac Du Nord Property; that in consideration for its interest, Zimtu will receive staged cash and share payments from Big North, 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 Big North for C$1 million; that Big North plans to mount an exploration campaign on the Grand Lac Du Nord 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.