TREK METALS LIMITED — Capital/Financing Update 2009

Jul 28, 2009

==> picture [207 x 88] intentionally omitted <==

ASX Announcement

29 July 2009

EXPIRY OF UNQUOTED OPTIONS

==> picture [117 x 49] intentionally omitted <==

ARBN 124 462 826

Please note that an amount of 2,190,000 unlisted options issued to Directors with an exercise price of £0.12 and an expiry date of 26 July 2009 have expired.

For Further Information please contact:

Julian Ford, Managing Director Zambezi Resources (Australia) +61 (08) 9216 9000

Bermuda: Canon’s Court 22 Victoria Street Hamilton HM12

Australia: 17 Ord Street West Perth WA 6005 PO Box 1796 West Perth 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 Listings: ASX: ZRL

Issued Capital: 388,561,335 ordinary shares 3,230,214 listed options 6,570,000 unlisted options

Directors: Non-Executive Chairman: Brian Rear Managing Director: Julian Ford Non-Executive Director: Geoff Johnson