Zoolander Corporation ("Zoolander" or the "Corporation") (TSX VENTURE:ZOO.H) is
pleased to announce that the TSX Venture Exchange Inc. (the "Exchange") has
conditionally accepted the acquisition of all of the issued and outstanding
shares of Adsani Exploration (Proprietary) Limited ("Adsani") as Zoolander's
qualifying transaction pursuant to the policies of the Exchange (the "Qualifying
Transaction"). Final approval of the Exchange is subject to Zoolander fulfilling
all of the requirements of the Exchange. 


In connection with the Qualifying Transaction, Zoolander has today filed on
SEDAR a filing statement dated March 31, 2011 regarding the Qualifying
Transaction and the business of Adsani in accordance with Policy 2.4 of the
Exchange. Zoolander expects to close the proposed Qualifying Transaction on or
about April 15, 2011.


Zoolander also announced today that, following the expiration of an aggregate of
680,000 options to purchase common shares of Zoolander on March 17, 2011, the
Corporation has granted options to purchase up to 380,000 commons shares of the
Corporation to Mr. Michael Cooper, the President, Chief Executive Officer, Chief
Financial Officer and Secretary of the Corporation, and options to purchase up
to 300,000 commons shares of the Corporation to Mr. Roger Rai, a director of the
Corporation. The options are exercisable at $0.10 per share and expire on March
30, 2016, subject to acceleration in accordance with the policies of the
Exchange. All of the options, and the common shares issuable upon exercise
thereof, remain subject to the terms and conditions of a CPC escrow agreement
dated November 24, 2005.


Completion of the Qualifying Transaction is subject to a number of conditions,
including but not limited to, Exchange acceptance. There can be no assurance
that the transaction will be closed as completed or at all. Exchange approval
requires, among other things, satisfaction by the Resulting Issuer of the
initial listing requirements, including adequate financial resources and working
capital, sponsorship, background review of the proposed directors, officers and
insiders and share distribution. Zoolander believes that the minimum listing
requirements will be satisfied or waived. 


The Exchange has in no way passed upon the merits of the proposed Qualifying
Transaction.


Investors are cautioned that, except as disclosed in the filing statement or
information circular of Zoolander to be prepared in connection with the proposed
Qualifying Transaction, any information released or received with respect to the
proposed Qualifying Transaction may not be accurate or complete and should not
be relied upon. Trading in the securities of Zoolander should be considered to
be highly speculative. All of Zoolander's public disclosure filings may be
accessed via www.sedar.com and readers are urged to review these materials.


This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based on
current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of Zoolander. These risks and uncertainties
could cause actual results and Zoolander's plans and objectives to differ
materially from those expressed in the forward-looking information. Actual
results and future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they
are made and expressly qualified in their entirety by this notice. Zoolander
assumes no obligation to update forward-looking information should circumstances
or management's estimates or opinions change. These plans, expectations, risks
and uncertainties are detailed herein and from time to time in the filings made
by Zoolander with the Exchange, 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.
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