ZENITH MINERALS LIMITED — Capital/Financing Update 2012

Oct 10, 2012

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11 October 2012

ASX Operations Announcements Office Level 10, 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam

CANCELLATION OF UNLISTED OPTIONS

Zenith Minerals Limited advises that the following unlisted options have been cancelled:

Number of Options	Exercise Price	Expiry Date
500,000	$0.16	1 February 2013
300,000	$0.14	31 December 2013

Yours sincerely

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Alex Dermedgoglou COMPANY SECRETARY

Level 3, 33 Ord Street, West Perth, Western Australia 6005 PO Box 1426, West Perth, Western Australia 6872 Tel: (+61-8) 9226 1110 Fax: (+61-8) 9321 0070 Email: info@zenithminerals.com.au