Tranche Update on Zeta Resources Limited's Equity Buyback Plan announced on August 9, 2018.

Zeta Resources Limited is a closed-end investment company. The objective of the Company is stated as being to maximize shareholder returns by identifying and investing in investments where the underlying value is not reflected in the market price. The business of the Company consists of investing pooled funds. Its segments include gold, nickel, copper, mineral exploration, and administration. The gold segment is engaged in investments in companies which explore or mine for gold. The nickel segment is engaged in investments in companies which explore or mine for nickel. The copper segment is engaged in investments in companies which explore or mine for copper. The mineral exploration segment is engaged in investments in companies who explore or mine for other minerals. The administration segment includes activities relating to financing received which does not specifically relate to any one segment, as well as administrative activities. ICM Limited serves as investment manager.