Zimtu Capital Corp. welcomes Sven Olsson to Board of Directors



    VANCOUVER, May 7 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) ("the
Company") is pleased to announce the appointment of Mr. Sven Olsson to the
Board of Directors.
    Mr. Olsson is an accomplished professional with over eight years of
experience in the resource investment and finance industry. Since 2001, Sven
has held the position of Director of Media and Corporate Communications for
AXINO AG, a European consulting firm specializing in communications for
companies in the resource sector. In his role with AXINO AG, Sven has been
responsible for investor relations and capital fundraising in Europe for
numerous major and micro cap resource-based companies in all phases of
development. His network of contacts within the mining and financial
communities as well as media extends across Europe and North America.
    David Hodge, President stated "We are pleased to have attracted Sven to
our team. His experience and expertise will further enhance our ability to
pursue the opportunities the current market presents for resource investments
and company building. He adds depth to our financial connections in Europe and
brings invaluable experience in the analysis of companies and investments."

    About Zimtu Capital Corp.

    Zimtu Capital Corp. is a TSX Venture listed investment issuer that
creates or invests in natural resource companies, providing a unique way for
investors to participate and profit in the public company building process.
For more information on Zimtu Capital Corp., please contact Investor Relations
at (604) 681-1568 or visit our website at www.zimtu.com.

    
    On Behalf of the Board of Directors
    ZIMTU CAPITAL CORP.

    "David Hodge"
    -------------
    

    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. 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.





For further information:

For further information: David Hodge, President & Director, Phone: (604)
681-1568, Fax: (604) 681-8240, Email: dhodge@zimtu.com

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