TREK METALS LIMITED — Capital/Financing Update 2012

Oct 17, 2012

==> picture [216 x 121] intentionally omitted <==

ZAMBEZI RESOURCES LIMITED ARBN: 124 462 826 BERMUDA ZAMBIA AUSTRALIA CANON’S COURT PLOT 5697 LEVEL 1, 17 ORD STREET 22 VICTORIA STREET BEU CRESCENT WEST PERTH, WESTERN AUSTRALIA HAMILTON HM12 KALUNDU AUSTRALIA 6005 LUSAKA TEL: +61 8 6555 1879 TEL: +260 211 292101 FAX: +61 8 9398 4104 EMAIL: INFO@ZAMBEZIRESOURCES.COM PO BOX 1796, WEST PERTH WWW.ZAMBEZIRESOURCES.COM WESTERN AUSTRALIA, 6872

Thursday, 18 October 2012

Manager Company Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Via Electronic Lodgement

Dear Sir/Madam

Rights issue results

Zambezi Resources Limited has completed the non-renounceable rights issue (“Rights Issue”) on the basis of two (2) fully paid ordinary shares for every three (3) fully paid ordinary shares as announced on 20 August 2012.

The Rights Issue raised approximately $1,139,981 million (subject to final clearance of funds).

Existing shareholders applied for approximately 284,995,565 million shares of the shares on offer. The shortfall consists of approximately 833,714,358 million shares and the directors have reserved the right to place the shortfall to any parties selected by the directors, subject to the Corporations Act and the Listing Rules.

New holding statements as a result of the Rights Issue will be despatched to shareholders on 24 October 2012, and the new shares are expected to commence normal trading on the ASX on Thursday, 25 October 2012.

For further information please contact the undersigned.

==> picture [125 x 63] intentionally omitted <==

Frank Vanspeybroeck CHIEF EXECUTIVE OFFICER Telephone: +61 (8) 6555 1879