zazu metals corp (ZAZ) Snapshot

Zazu Metals Corporation reported audited consolidated earnings results for the year ended December 31, 2011. For the period, loss from operations was USD 1,842,794 against USD 1,139,017 a year ago. Net loss and comprehensive loss attributable to the equity holders of the company was USD 1,900,991 or USD 0.04 basic and diluted loss per share against USD 20,957,390 or USD 0.68 basic and diluted loss per share a year ago. Net cash used in operating activities was USD 1,254,319 against USD 975,005 a year ago. Purchase of exploration and evaluation assets was USD 3,848,972 against USD 449,945 for the same period a year ago. Purchase of equipment was USD 16,743 against USD 1,218 for the same period a year ago.

Zazu Metals Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported loss from operations of USD 372,242 compared to USD 303,121 last year. Net loss and comprehensive loss attributable to the equity holders of the company was USD 183,163 or USD 0.00 per basic and diluted share compared to USD 472,855 or USD 0.01 per basic and diluted share last year. Net cash used in operating activities was USD 548,378 compared to USD 542,356 last year. Purchase of exploration and evaluation assets was USD 458,091 compared to USD 19,345 last year.

Zazu Metals Corporation announced the appointment of Robert F. Giustra to the Board of Directors. Mr. Giustra brings extensive experience in the mining industry having founded, developed and managed publicly traded mining companies since 1992. Giustra took his first senior executive position with a junior mining company in 1998. He currently serves as the Chief Executive Officer of Columbus Gold Corporation and holds board positions with a number of other publicly traded entities. The company's Board of Directors also approved Matthew Ford to the position of President. Ford joined the company in early 2008, serving the position of Vice President, Corporate Development. He assumes the role of President from the company's CEO, Gil Atzmon. Atzmon retains the positions of CEO and Chairman of the Board.