ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
provide the following update on the current drilling campaign on the Albany
Graphite Deposit.


Drill hole #5 (Z12-4F5) was collared 450 metres ('m') east of the original
discovery drill hole (Z11-4F1) and drilled in a northerly direction.
Significantly, upon passing through the overburden/limestone, the hole
immediately intersected graphitic breccia which shows the deposit coming to near
surface in this area as well. A wide zone (94.0m) of graphitic breccia was
intersected from 44.0m to 138.0m followed by a zone of graphitic overprinting
from 138.0m to 214.0m. Assays should be received within the next 12-14 business
days.


Drill hole #4 (Z12-4F4) was collared from the same setup as hole #5 but drilled
in a southerly direction. From 47.0m to 61.8m the drill hole intersected a zone
of graphitic veining and breccia followed by graphitic overprinting from 61.8m
to 170.0m. At the 170.0m point, the drill encountered mechanical problems
related to a detached drill string. The drill string could not be re-attached
and the hole was subsequently abandoned. This particular area of the geophysical
anomaly will be re-drilled at a later date. 


A plan map, section and additional photos can be found on the website at
www.zenyatta.ca.


Aubrey Eveleigh, President and CEO stated "Holes 4 and 5 were large step-outs to
the east where we continue to encounter wide zones of graphitic mineralization.
This confirms that the eastern continuation of the airborne geophysical anomaly
is caused by the same graphite-rich body. The Company is very pleased with these
latest drilling results that continue to expand this large and unique graphite
deposit."


The next drill-holes, #6 and #7, will be drilled 100m west and east of the
discovery hole #1 respectively. Drill hole #6 has just commenced and should be
complete in the next few days.


The graphite discovery is located 30km north of the Trans Canada Highway, power
line and natural gas pipeline. A rail line is located 70km away and an
all-weather road approximately 4-5km from the graphite deposit. The Albany
graphite deposit is near surface, underneath glacial till overburden.


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.


This News Release includes certain "forward-looking statements". These
statements are based on information currently available to the Company and the
Company provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". 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 the Company's
mineral properties, and the Company'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 the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.

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