Under the Placement Agreement, Alta Zinc Limited will receive equity funding of $3 million by issuing 272,727,272 fully paid ordinary shares at $0.011 (1.1 cents) per share to a consortium of sophisticated and professional investors introduced by Arete. Upon completion of the Placement, Mr. Campbell Olsen will be appointed as a non-executive Director of the company. Mr. Olsen is the CEO of Arete Capital Partners and has had a long career in Private Equity and operational management in the mining industry.