Zimtu Capital Corp. announces transaction with Rainmaker Mining Corp. for Peace River Frac Sands Property in Alberta, Canada

 Zimtu Capital Corp. announces transaction with Rainmaker Mining Corp. for  Peace River Frac Sands Property in Alberta, Canada  VANCOUVER, Feb. 5, 2014 /CNW/ - 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 Rainmaker Mining Corp.  (TSXv: RMG) ("Rainmaker") whereby Rainmaker can earn a 100%-interest in the  Peace River Frac Sands Property located in north-western Alberta, Canada.  For its participation in the transaction, Zimtu will receive staged cash and  share payments from Rainmaker as follows: (i) $5,000 on signing; (ii) 375,000  common shares on acceptance by the TSX Venture Exchange ("TSXv"); (iii) $5,000  and 375,000 common shares on completion of a successful exploration program on  or before September 15, 2014. Zimtu's partner will receive cash and share  consideration equal to that of Zimtu. The vendors will collectively retain a  2% royalty on production, 1% of which can be purchased by Rainmaker for  $1,000,000. The transaction is subject to acceptance by the TSXv.  Peace River Frac Sands Property, Alberta Canada:  The Peace River Property is located north of the community of Peace River,  adjacent to the Peace River Frac Sand Quarry, which is owned and operated by  Canadian Silica Industries. It extends for approximately 40 km along the Peace  River, straddling both the East and West banks where the target unit is  exposed. Within the region, the Lower Cretaceous Paddy Member of the Peace  River Formation is currently mined for frac sand. The Paddy Member is a  friable sand unit representing a shoreline facies deposited in a fluvial  environment, with a thickness up to 16.5 m (7.7 m average). The sand grains  are almost entirely colorless quartz and beds are dominantly uncemented, which  is ideal as a frac sand proppant in hydraulic fracturing.  The Peace River Frac Sand Quarry reportedly has a total annual capacity of  500,000 tonnes of silica sand. Rainmaker is encouraged by the acquisition  given its proximity to infrastructure such as rail and roads, and location  near the community of Peace River. Additionally, it is located in close  proximity to the Horn River, Montney, and Cardium basins, and is central to  the frac sand market within northwestern Alberta.  High priority exploration targets have been identified along the river banks  from historic reports and maps. Rainmaker plans to commence exploration on the  property with an extensive channel sampling program, as soon as snow  conditions permit. Using sample results in conjunction with historic data and  public information such as well logs, reports, drill core and cuttings, a  follow-up auger program is anticipated to take place within the first half of  2014 to delineate locations with the best combination of quality,  distribution, thickness, tonnage and accessibility.  Frac Sands Market:  Frac sand, a specific type of silica sand, is a durable, round grain,  crush-resistant material produced for use in the hydraulic fracturing process  (more widely known as fracking). The sand is a proppant material, which is  used to "prop" open fractures made in shale rock during the fracking process.  This allows oil, natural gas and natural gas liquids trapped in rock to flow  to the well surface.  The Canadian frac sand market currently uses approximately 3.5 million tons of  sand per year, while the U.S. market goes through roughly 30 million tons,  both of which have enjoyed a spike in demand coinciding with the widespread  use of horizontal drilling. In 2014, sand suppliers are expecting double-digit  growth, based on projected meters drilled and well counts. US based Preferred  Sands entered Canada in December 2011 with the $200-million acquisition of  Winn Bay Sand in a deal that included one mine in Wisconsin and one in  Saskatchewan (Hanson Lake). The demand for frac sands has risen sharply in the  last few years in response to numerous shale plays developing in many parts of  the US and Western Canada and could benefit further from proposed LNG  terminals along the Pacific coast and emerging gas and oil fields under  exploration and development.  The optioned claims were acquired by Zimtu Capital Corp. and its partner 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  project generation and advisory services and helps to connect companies with  mineral properties of interest.  The technical information in this news release has been prepared and reviewed  on behalf of the Company by Patrick Kluczny, P.Geol., of Dahrouge Geological  Consulting Ltd., a Qualified Person pursuant to National Instrument 43-101.  About Zimtu Capital Corp. Zimtu Capital Corp. is a public investment issuer that 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 project generation and 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."  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 Rainmaker can  earn a 100%-interest in the Peace River Property located in Alberta, Canada;  that in consideration for its interest, Zimtu will receive staged cash and  share payments from Rainmaker, that Zimtu's partner will receive cash and  share consideration equal to that of Zimtu; that the vendors will collectively  retain a 2% Royalty on the Property. 1% of which can be purchased for C$1  million; that Rainmaker plans to commence exploration on the property as soon  as snow conditions permit; that the demand for frac sands could benefit  further from proposed LNG terminals along the Pacific coast and emerging gas  and oil fields under exploration and development; and that Zimtu, along with  its prospecting partners, 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.    SOURCE  Zimtu Capital Corp.  For more information please visit the corporate website  athttp://www.zimtu.com or contact:  Matt Sroka Shareholder Services Toll Free: 1.877.377.6222 Phone: 604.681.1568  Email:matt@zimtu.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/February2014/05/c7682.html  CO: Zimtu Capital Corp. ST: British Columbia NI: MNA