VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 12, 2017) – Zazu Metals Corporation (TSX VENTURE:ZAZ) (“Zazu“)is pleased to announce that is has closed its previously announced secured convertible debenture (the “Debenture“) financing in the amount of US$1.5 million (the “Financing“). The Debenture is secured by way of a general security and pledge agreement and bears interest at a rate of 5% per annum. The Financing will assist Zazu in completing a previously announced business combination (the “Arrangement“) with Solitario Exploration & Royalty Corp (“Solitario“). In certain circumstances, the Debenture is convertible at the option of Solitario into common shares of Zazu (“Zazu Shares“) at a price of US$0.22 per Zazu Share. The securities issued in connection with the Financing will be subject to a four-month hold period, in accordance with applicable securities laws. Please refer to a joint news release filed by Zazu and Solitario on April 27, 2017 for more information on the Arrangement and the Debenture.