ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
provide an update on the phase I and II drill programs at the Albany Project
near Hearst in north-eastern Ontario. 


To the end of December 2011, a total of 26 holes (approx. 10,000 metres) have
been completed testing 21 geophysical targets identified by Geotech's VTEM 35
airborne system in 2010. A number of geophysical targets remain to be tested and
the Company will be reviewing those to determine the appropriate 2012
exploration program.


A drill hole on claim block 4f was designed to test a strong, large airborne EM
conductor measuring 1400 metres by 800 metres. The hole intersected eight (8)
separate and extensive breccia zones consisting of variably sized granitic
clasts set in a black matrix containing graphite (carbon). Core photos, section
and maps can be seen on the website at www.zenyatta.ca under the heading
Projects. The geophysical anomaly was explained by the conductive graphite
matrix which is highly unusual in character and size. A chemical and
petrographic analysis is underway to better understand the nature and economic
significance of the newly discovered graphite deposit. The following shows the
results of total carbon from each of the zones, which are believed to be true
width: 




Zone 1 -    79.8  -   89.7    yielded 4.6% C     over 9.9m;
Zone 2 -   112.5  -  180.0    yielded 4.2% C    over 67.5m;
Zone 3 -   183.1  -  191.0    yielded 3.3% C     over 7.9m;
Zone 4 -   329.5  -  377.7    yielded 2.5% C    over 48.2m;
Zone 5 -   411.0  -  437.4    yielded 3.0% C    over 26.4m;
Zone 6 -   467.3  -  472.8    yielded 4.2% C     over 5.5m;
Zone 7 -   481.0  -  488.5    yielded 2.1% C     over 7.5m;
Zone 8 -   506.0  -  522.0    yielded 3.0% C    over 16.0m 



The Zenyatta graphite discovery is located 30km north of the Trans Canada
Highway and approximately 4km from an all-weather road. It is near surface,
underneath glacial till overburden. Although much more work is needed to
determine the full importance of Zenyatta's new graphite deposit, the outlook
for the global graphite market is very bullish. Graphite is a natural form of
carbon with the chemical formula C, which it shares with diamond and coal. It is
considered one of the more strategic elements by many leading industrial
nations. 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 3,000 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.


Also during the drilling campaign several holes intersected a series of layered
mafic-ultramafic intrusions with cumulate textures and mineralization indicative
of an environment that produces magmatic sources of nickel, copper, and platinum
group metals related to Mid-Continent Rifting. For example, drill holes testing
targets on claim blocks 4a, 4b, 2b and 2i intersected gabbroic/pyroxenitic
bodies, believed to be of Proterozoic age, containing local magmatic sulphide
droplets of pyrrhotite, pyrite and chalcopyrite, which validates the original
geological theory upon which the Albany project was based. To date, assay
results have not shown any economic nickel or copper values, but the Company is
encouraged by these newly identified, favourable sulphide-bearing intrusions.
Zenyatta will be contemplating down-hole geophysics to further define existing
targets and carrying out additional interpretation of the assay results. This
will help determine the location of additional drilling and identify secondary
targets to further test for magmatic mineralization. Further exploration work is
warranted.


Three (3) holes were drilled on block 2c to test a moderate and laterally
extensive EM target flanking a strong magnetic anomaly. After drill testing the
geophysical anomaly it is thought to be related to electrolytic waters in a flat
lying porous sandstone unit at the base of the Paleozoic above the unconformity
with Archean rocks. A separate target on 2c consisted of three (3) parallel,
strong and large magnetic anomalies extending for a combined strike length in
excess of 20km. A drill hole was designed to test a small section of the
magnetic anomaly and was explained with the intersection of a Banded magnetite
Iron Formation (BIF) never before identified. The BIF unit was continuously
sampled from 236.00 to 338.50m, with a weighted average of 27% Fe over 102.50m.
The drilling stopped in the BIF and its full extent is not yet known. 


Mr. Aubrey Eveleigh, P.Geo., President and CEO, is the "Qualified Person" under
NI 43-101 and has reviewed the technical information contained in this News
Release. Analyses was carried out by ALS Chemex Labs using a total carbon (LECO)
method code of C-IR07 and a multi element package ICP-MS with code ME-MS81. 


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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