Loan from ARA Capital

Embargoed: 0700hrs 9 April 2013

Zoltav Resources Inc.

("Zoltav" or the "Company")

Loan from ARA Capital

The Company is pleased to announce that it has today entered into an unsecured loan agreement in the amount of £250,000 with its largest shareholder ARA Capital Limited ("ARA Capital") (the "Loan Note").

The Loan Note will be priced at an annual rate of Libor plus 50 basis points, which may be paid in cash or new shares in Zoltav at the Company's option. The Company can repay the Loan Note at any time prior to 31 December 2013.

The purpose of the Loan Note is to provide additional working capital to Zoltav prior to the completion of the proposed acquisition of CenGeo Holdings Ltd ("CenGeo") and the associated agreement signed with ARA Capital, giving Zoltav the right to call US$20 million (approximately £13.4 million) of working capital by way of a subscription for new Zoltav shares at 3.5 pence per share conditional upon completion of the acquisition of CenGeo (the "Subscription"). It is envisaged that the Loan Note will be repaid from the proceeds of the Subscription.

ARA Capital is a 'related party' as defined by the AIM Rules for Companies. Further, the Loan Note is a related party transaction as defined by AIM Rule 13. The Directors consider, having consulted with Shore Capital and Corporate Limited (the Company's Nominated Adviser), that the terms of the Loan Note are fair and reasonable insofar as Zoltav's shareholders are concerned.

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