ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
announce the signing of a contribution agreement with the National Research
Council of Canada Industrial Research Assistance Program (NRC-IRAP). Zenyatta
will receive technical advisory services and a financial contribution of up to
$350,000 from NRC-IRAP to help support the on-going metallurgical testing at SGS
Canada Inc., of two 5 tonne mini-bulk samples from the East and West graphite
pipes of the 100 percent owned Albany (Hydrothermal) deposit located in
northeastern Ontario, Canada.


Aubrey Eveleigh, President and CEO stated, "We are very pleased to receive
recognition and support from the National Research Council of Canada Industrial
Research Assistance Program. The Albany project has the potential to produce an
ultra-high purity carbon product that could lead to high-tech, value-added
business opportunities to emerge in Canada. This support by NRC-IRAP complements
the various other initiatives the Company has underway in cooperation with
academics / researchers at several universities to better understand the
technical characteristics of the Albany graphite material. On behalf of our
shareholders, I would like to thank NRC-IRAP for this important support in
developing a unique graphite product targeting the cleantech sector."


Zenyatta continues to develop its 100 percent owned Albany (Hydrothermal)
Graphite Deposit located in northeastern Ontario, Canada. The Company's graphite
deposit is located 30km north of the Trans-Canada Highway, power line and
natural gas pipeline near the communities of Constance Lake First Nation and
Hearst. A rail line is located 70 km away with an all-weather road approximately
4-5 km from the graphite deposit. The deposit is near surface, underneath
glacial till overburden and a thin veneer of Paleozoic sedimentary cover rocks.


The outlook for the global graphite market is very promising with demand growing
rapidly from new applications. It is now considered one of the more strategic
elements by many leading industrial nations, particularly for its growing
importance in high technology manufacturing and in the emerging "green"
industries such as electric vehicle components. The application for graphitic
material is constantly evolving due to its unique chemical, electrical and
thermal properties. It maintains its stability and strength under temperatures
in excess of 3,500 degrees C and is very resistant to chemical corrosion. It is
also one of the lightest of all reinforcing elements and has high natural
lubricating abilities. Some of these key physical and chemical properties make
it critical to modern industry.


Mr. Aubrey Eveleigh, P.Geo., Zenyatta's President and CEO, is the "Qualified
Person" under National Instrument 43-101 and has reviewed and approved the
technical information contained in this news release. To find out more on
Zenyatta Ventures Ltd., please visit website www.zenyatta.ca.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This news release may contain forward looking information and Zenyatta cautions
readers that forward looking information is based on certain assumptions and
risk factors exist that could cause actual results to differ materially from the
expectations of Zenyatta included in this news release. This news release
includes certain "forward-looking statements", which often, but not always, can
be identified by the use of words such as "believes", "anticipates", "expects",
"estimates", "may", "could", "would", "will", or "plan". These statements are
based on information currently available to Zenyatta and Zenyatta provides no
assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements with respect to
Zenyatta's future plans, objectives or goals, to the effect that Zenyatta or
management expects a stated condition or result to occur, including the expected
timing for release of sample analyses and a resource estimate, the expected uses
for graphite in the future, and the future uses of the graphite from Zenyatta's
Albany deposit. Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results relating to, among other things, results
of exploration, project development, reclamation and capital costs of Zenyatta's
mineral properties, and Zenyatta's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with Zenyatta's activities; and other matters discussed in this
news release and in filings made with securities regulators. This list is not
exhaustive of the factors that may affect any of Zenyatta's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on Zenyatta's forward-looking statements.
Zenyatta does not undertake to update any forward-looking statement that may be
made from time to time by Zenyatta or on its behalf, except in accordance with
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zenyatta Ventures Ltd.
807-346-1660
info@zenyatta.ca
www.zenyatta.ca

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