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TREK METALS LIMITED Capital/Financing Update 2009

Sep 10, 2009

65923_rns_2009-09-10_21db2f38-727e-4378-9198-bc862cee8c7b.pdf

Capital/Financing Update

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ASX Announcement

11 September 2009

Expiry of Quoted Options

Zambezi Resources Limited (the “Company”) (ASX:ZRL) announces that 3,224,584 quoted options with an exercise price of AUD$0.19 and an expiry date of 31 August 2009 have expired.

For Further Information please contact:

Brian Rear, Non-Executive Chairman Zambezi Resources (Australia) + 61 (08) 9488 8890

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ARBN 124 462 826 Bermuda: Canon’s Court 22 Victoria Street Hamilton HM12 Australia: 17 Ord Street West Perth PO Box 1796 WA 6872 Tel: (+61-8) 9216 9000 Fax: (+61-8) 9216 9090

Zambia: Mwembeshi Resources Limited Plot 5777N Great East Road Kalundu Lusaka Tel: (+26) (021) 1291 645 Fax: (+26) (021) 1292 411 Stock Exchange Listing: ASX: ZRL Directors: Non-Executive Chairman: Brian Rear Non Executive Directors: Julian Ford Simon F Durack Jason P Brewer David Vilensky