ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) and Constance
Lake First Nation ("CLFN") are pleased to announce that they have signed an
Exploration Agreement ("Agreement") for a mutually beneficial and co-operative
relationship regarding exploration and pre-feasibility activities on the Albany
Project. Having signed an Agreement, the Motion for Injunction has been
dismissed.


Among other things, CLFN will participate in an implementation committee and
receive, along with certain other First Nation communities, preferential
opportunities for employment and contracting. Zenyatta will also contribute to a
social fund for the benefit of CLFN children, youth and elders. 


Chief Roger Wesley of CLFN stated, "We are pleased to have reached an Agreement
with Zenyatta. It reflects the mutual respect that has developed between us and
we look forward to building a strong relationship to realize the benefits and
opportunities from the mineral exploration on the Albany Project in our
traditional territory." 


Aubrey Eveleigh, President and CEO of Zenyatta, stated "We recognize the
aboriginal treaty rights and the importance of the traditional lands to the
First Nation people. We also realize that mineral exploration must contribute to
the benefit of all parties involved. Zenyatta looks forward to working
cooperatively with Constance Lake First Nation, other First Nations and local
communities on the Albany Project. We feel that active participation and a close
relationship with First Nation communities creates sound business opportunities.
The Company is focused and committed to Northern Ontario and has always accepted
responsibility for strong community relations."


Zenyatta Ventures Ltd. is a mineral exploration company based in Thunder Bay,
Ontario with projects in the Canadian Shield of Northern Ontario, Canada.
Constance Lake First Nation is a community of 1,470 members of Ojibway and Cree
ancestry located in the District of Cochrane, 32 km west of Hearst, ON. CLFN is
a progressive and active community that encourages, supports and promotes local
business development, job creation and economic development as keys to their
success. 


This news release may contain forward-looking statements and is subject to a
variety of risks and uncertainties that could cause actual events or results to
differ materially from those projected in the Company's forward-looking
statements and expectations. The forward-looking information contained herein is
given as of the date hereof and the Company assumes no responsibility to update
or revise such information to reflect new events or circumstances, except as
required by law.

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