Zimtu Capital Corp. - Early Warning News Release

Executive Summary

• Zimtu Capital Corp. acquired 1,875,000 units of Kiboko Gold Inc. at $0.08 per unit in a private placement.
• The purchase gives Zimtu approximately 10.92% undiluted (11.47% partially diluted) ownership of Kiboko’s common shares, triggering early‑warning reporting requirements under NI 62‑103/NI 62‑104.
• Zimtu will file the required early‑warning report and may adjust its stake in Kiboko in the future based on market conditions.

Key Details

• Units Acquired: 1,875,000 (each unit = 1 common share + 1 warrant).
• Purchase Price: $0.08 per unit; total cash outlay of $150,000.
• Warrant Exercise Price: $0.12 per share.
• Resulting Ownership:
• 1,875,000 Kiboko shares – 10.92% of issued & outstanding common shares on an undiluted basis.
• 1,875,000 warrants – 11.47% on a partially diluted basis.
• Closing Date: January 23, 2026.
• Purpose: Investment‑only; Zimtu may increase or decrease its ownership in Kiboko through future market transactions or private agreements.
• Regulatory Trigger: Ownership exceeds 10%; early‑warning filing required under National Instrument 62‑103 and 62‑104.
• Reporting: Early‑warning report to be filed on SEDAR+; additional information will be available at www.sedarplus.ca.

Notable Quotes

“Zimtu acquired the Units for investment purposes only, and depending on market and other conditions, may from time to time in the future increase or decrease its ownership, control or direction over securities of Kiboko.” – Sean Charland, President & Director, Zimtu Capital Corp.