Zoolander Acquires South African Mineral Exploration Company

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.


Zoolander Corporation ("Zoolander") (TSX VENTURE:ZOO.H) announces that, it has
completed the acquisition of Adsani Exploration (Proprietary) Limited
("Adsani"), a South African corporation. The transaction will constitute
Zoolander's "Qualifying transaction" pursuant to Policy 2.4 - Capital Pool
Companies of the TSX Venture Exchange (the "TSXV"), subject to final approval
from the TSXV.


On March 28, 2011, the TSXV issued its conditional approval of the acquisition.
The common shares of Zoolander will resume trading on the TSXV once the TSXV's
conditions for listing are satisfied and the TSXV issues its final exchange
bulletin confirming the completion of the acquisition. Zoolander will issue a
news release once the TSXV issues its final exchange bulletin.


In connection with the completion of the acquisition Gavin Treanor, James Pirie,
Anthony Roodenburg, David Ellison and Sean Rai have been appointed to the board
of directors of Zoolander. In addition, the following individuals have been
appointed to the management of Zoolander: Gavin Treanor, President and Chief
Executive Officer; Sean Rai, Chief Financial Officer; and David Ellison,
Secretary. Michael Cooper, Jason Lester and Roger Rai have resigned as directors
and/or officers of Zoolander. Zoolander would like to thank the departing
individuals for their efforts on behalf of the company.


Zoolander's current funds and the net proceeds of the financing completed by
Adsani in connection with the acquisition will be used to fund the exploration
program on the Sabi Star Property and for general working capital purposes. The
Sabi Star Property is comprised of 30 rare earth exploration permits covering a
total of 2,348 hectare area held by Adsani, through its wholly-owned Zimbabwe
subsidiary, Mezzotin Investment (Private) Limited. The Sabi Star Property is
located in Eastern Zimbabwe approximately 150 kilometers from Harare, the
capital of Zimbabwe, and approximately 250 kilometers from the border of South
Africa. The Sabi Star Property is located on the Odzi Gold Belt, a known
mineralization belt having historically produced gold, copper, tin, tantalum,
niobium and diamonds.


The foregoing information may contain forward-looking statements relating to the
future performance of Zoolander. Forward-looking statements, specifically those
concerning future performance, expectations concerning the timing results,
indications and benefits of exploration, drilling test work and engineering
assessments, and other statements that are not historical fact, are subject to
certain risks and uncertainties, and actual results may differ materially from
Zoolander's plans and expectations. These plans, expectations, risks and
uncertainties are detailed herein and from time to time in the filings made by
Zoolander with the TSXV/NEX and securities regulators. Zoolander does not assume
any obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities of Zoolander in the United States. The
securities have not been and will not be registered under the United States
Securities Act of 1933, as amended or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or unless an
exemption from such registration is available.


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