ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
announce the appointment of Dr. Bharat Chahar to position of VP Market
Development with responsibility for advancing marketing opportunities for the
unique High Purity graphite products from the Company's 100 percent owned Albany
Deposit located in northeastern Ontario, Canada. 


Bharat Chahar, Ph.D. is a chemical engineer with more than 30 years of carbon
research and development experience with ConocoPhillips based in Houston, Texas.
Dr. Chahar obtained a B.Tech. (Chemical Engineering) from Indian Institute of
Technology at Delhi, INDIA; a M.Sc. (Chemical Engineering) from University of
Alberta, Edmonton, CANADA and a Ph.D. (Chemical Engineering) from Rice
University, Houston, Texas, USA. 


From 2002 to 2013 Dr. Chahar was Global Marketing and Product Manager for
CPREME(R) Graphite Materials at ConocoPhillips and Phillips 66. He led the
creation and development of this new business to produce and supply graphite
anode material for Lithium-ion batteries. At the time, CPREME(R) graphite was
the largest North American based supplier of anode materials for Lithium-ion
batteries with customers across the three major continents - North America,
Europe and Asia. As the leader of this business since its inception, he was
responsible for all aspects of starting this endeavor including strategic
direction for marketing, sales, research & development, intellectual property
and manufacturing scale-up. The CPREME(R) graphite anode material was considered
the benchmark by leading manufacturers in the Lithium-ion batteries for high
power batteries such as those needed for the automotive market. The CPREME(R)
graphite business was able to achieve the premier status in the industry despite
the fact that the Lithium-ion battery manufacturers and their suppliers were
largely based in Asia and ConocoPhillips had no market presence until 2006. 


From 1998 to 2002 Dr. Chahar was Manager of Carbon Business and Director of
Carbon Products Development at CONOCO Inc. This position focused on Conoco's
efforts to develop new carbon products and manage development of heavy oil
upgrading technologies. In this assignment, he was responsible for developing
and implementing strategy for growing Conoco's new carbon product portfolio and
extending carbon capabilities.


At the Carbon Products Development group he was responsible for providing
technology support for the Global Specialty Coke business and developing new
carbon products. The group consisted of about 25 scientists and technicians with
variety of backgrounds. He also worked with the Carbon Fibers Business team to
find synergistic opportunities to market fibers with other carbon products. Dr.
Chahar also led the effort to evaluate and recommend steps to successfully
commercialize a new upgrading technology at Conoco's joint venture in Venezuela.
He also led efforts to develop strategic enterprises in the areas of Hydrocarbon
Processing and Heavy Oil Technologies encompassing both Upstream and Downstream
aspects of the heavy oil value-chain.


Phillips 66 (formerly ConocoPhillips and Conoco) is the largest global producer
of petroleum needle coke and is the only manufacturer with two production
facilities; a plant in South Killingholme, UK and a plant in Lake Charles,
Louisiana, USA. Phillips 66's two plants represent the majority of world
petroleum needle coke capacity which is used to make ultra-high purity synthetic
graphite for various applications.


Dr. Bharat Chahar will continue to be based in Houston, Texas and will manage
further testing of the unique Albany graphite material and characterize it for
various high value applications. He will develop the value proposition for these
applications based on a cost-benefit analysis and continue downstream processing
needed to realize the value. Dr. Chahar will continue discussions with
interested parties and develop new relationships with downstream companies to
create appeal for the ultra-high purity material while the graphite deposit is
being developed. He will also oversee global efforts in strategic marketing and
new product development.


Dr. Bharat Chahar stated, "Having carefully reviewed the Albany graphite data
available, I am convinced that Zenyatta has a resource with excellent potential
for high value carbon applications. It is a special natural graphite deposit
unlike any other that I've seen in the industry. I am thrilled and excited to be
part of a top-notch ZEN team to help bring this unique graphite product to the
market. In my experience, if you offer a better product with an obvious
advantage, the world will beat a path to your door."


The world trend is to develop products for technological applications that need
extraordinary performance using ultra-high purity graphite powder at an
affordable cost. High purity is gaining prominence at a time when Zenyatta
discovered a very rare (hydrothermal) graphite deposit, which can be upgraded to
99.99% carbon with very good crystallinity without the use of aggressive acids
and high thermal treatment. 


Aubrey Eveleigh, President and CEO stated, "We are very pleased to attract a
professional of Bharat's caliber and global graphite network to our existing
management team. Dr. Chahar is a business-savvy individual with a strong
technology background and a passion for materials and specialty products. He is
very familiar with end use applications for high purity graphite in the
cleantech sector and will be instrumental during ongoing discussions with end
users. His qualifications and experience are very impressive and will be
invaluable to Zenyatta as we advance our ultra-high purity carbon product for
potential use in high-tech applications."


Zenyatta continues to develop its 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 3,300 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.


The Company also announces the grant of 200,000 stock options to Dr. Bharat
Chahar pursuant to the terms of the Stock Option Plan. The options are
exercisable at a price of $2.87 per share for a period of 2 years from the date
of grant.

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. 


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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