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From: fringe4/10/2012 10:39:39 AM
   of 233883
 
Zimtu Capital Corp. announces transaction with First Graphite Corp. for Henry Graphite Property in Saskatchewanhttp://www.graphite-investor.com/company-news/zimtu-capital-corp-announces-transaction-with-first-graphite-corp-for-henry-graphite-property-in-saskatchewan

VANCOUVER, April 10, 2012 /CNW/ - Zimtu Capital Corp. (TSX-V: 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 First Graphite Corp. (TSXv: FGR) ("First Graphite") whereby First Graphite can earn a 100%-interest in the Henry Graphite Property located in north-east Saskatchewan.

For its participation in the transaction, Zimtu will receive staged cash and share payments from First Graphite as follows: (i) $38,750 on signing; (ii) $38,750 and 350,000 common shares on acceptance by the TSX Venture Exchange ("TSXv"); (iii) 150,000 common shares six 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 of 24 months from the date of TSXv acceptance. Zimtu's partner will receive cash and share consideration equal to that of Zimtu. The vendors will collectively retain a 2% Net Smelter Returns Royalty on the property. The transaction is subject to acceptance by the TSXv.
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