ZEN Zentek Ltd

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


Drill Hole #5 intersected a very large mineralized zone of graphitic breccia and
veining, from 44.0 to 214.0 metres ('m') grading 6.6% C (graphite) over 170.0m.
The upper graphite zone, from 44.0 to 132.0m, yielded 6.5% C over 88.0m while
the lower graphite zone, from 138.0 to 214.0m graded 7.1% C over 76.0m.
Individual samples assayed as high as 13.1% C. 


Hole #5 (Z12-4F5) was collared 450 metres ('m') east of the original discovery
drill hole (Z11-4F1) and drilled in a northerly direction at -65.  


Aubrey Eveleigh, President and CEO stated "Hole 5 intersected an incredible
grade and width of graphite mineralization on the eastern portion of the
geophysical anomaly. This is our best drill hole to date and confirms that
Zenyatta has discovered an extensive and unique graphite-rich deposit. The
Company is very excited with these remarkable results from a large step-out
drill hole."


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. Results are still pending. 


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. Analyses was carried out by ALS Chemex Labs using a total carbon (LECO)
method code of C-IR07. To find out more on Zenyatta Ventures Ltd., please visit
our website www.zenyatta.ca.


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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