Zimtu Capital Corp. Announces Sale of Crystal Lake Copper Property

VANCOUVER, BC — Zimtu Capital Corp. (TSX.V: ZC), an investment company based in Vancouver, Canada, has announced a definitive agreement to sell its 100% interest in the Crystal Lake Copper Property to Discovery Energy Metals Corp. (CSE: DEMC). The transaction, which was signed on June 17, 2025, involves a property located in north-central British Columbia, approximately 34 kilometers south of Fort Fraser.

Transaction Details

Under the terms of the agreement, Zimtu will receive a total consideration of CAD $200,000 in cash and 2,000,000 common shares of Discovery Energy Metals. An additional CAD $200,000 in cash and 1,000,000 common shares will be payable upon the discovery of a qualifying drill intercept. Furthermore, Zimtu will retain a 2% net smelter returns (NSR) royalty on the property, with an option for Discovery to buy back 1% of this royalty for CAD $1,000,000 within five years.

The transaction is structured as follows:

  • CAD $100,000 in cash and 1,000,000 common shares of Discovery issued upon signing.
  • An additional CAD $100,000 in cash and 1,000,000 common shares payable six months from signing.
  • A bonus of CAD $200,000 in cash and 1,000,000 common shares payable upon the first drill intercept of 0.5% Cu over 100 meters (or equivalent).

Discovery Energy Metals Corp. Acquisition

Discovery Energy Metals Corp. has expressed enthusiasm about acquiring the Crystal Lake Copper Property. The property, which spans approximately 5,283 hectares, is comprised of eight mineral claims. It is noted for its excellent location and infrastructure, being road-accessible and near key facilities such as a CN Rail Line, BC Hydro electrical transmission line, and a gas line along Highway 16.

Exploration and Geological Potential

The property has a history of early-stage exploration, including a high-definition magnetic survey conducted in 2009-2010, which outlined a ~2.3km diameter porphyry intrusion. This geological feature is associated with a copper-bearing diorite porphyry stockwork system and a regional fault structure. Grab samples from the area have returned up to 0.7% copper, indicating significant exploration potential.

Company Overview

Zimtu Capital Corp. is an investment company operating in Canada, specializing in building new resource exploration companies. The company trades on the TSX Venture Exchange and can be accessed online through its website at www.zimtu.com . As of June 15, 2025, Zimtu’s close price was CAD 0.17, with a market capitalization of CAD 1,900,000. The company’s 52-week high was CAD 0.3, and its low was CAD 0.04.

This strategic sale aligns with Zimtu’s focus on optimizing its portfolio and capitalizing on promising exploration opportunities.