ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN)(OTCQX:ZENYF)
is pleased to announce the progress of ongoing programs on the Company's 100
percent owned Albany Graphite Deposit located in northeastern Ontario, Canada.


Metallurgical Test Work

Metallurgical testing by SGS Canada Inc. ('SGS') at Lakefield of two 5 tonne
mini-bulk samples from the East and West graphite pipes is ongoing. SGS has
requested additional time to complete the metallurgical scale up and
optimization of the flow sheet. Dr. Stephen Mackie, Manager Hydrometallurgical
Group at SGS commented, "The test work is proceeding well. At this stage of a
mineral project, tweaking of a process flow sheet is quite common and is
especially so for Zenyatta's unique Albany deposit. We expect to develop a
distinctive process for this graphite deposit." This processing will allow
additional optimization of the flow sheet for the preliminary economic
assessment (PEA) and provide material for further testing by Zenyatta and
interested parties who have requested high purity graphite material.


Work to optimize the process conditions and to prepare materials to meet target
customer specifications has been underway for a while and will result in
production of a range of BET (Brunauer-Emmett-Teller) surface areas, particle
size, particle size distribution and particle morphology characteristics.


Preliminary Economic Assessment ("PEA")

RPA Inc. ("RPA") continues to prepare an independent Scoping Study that will
meet the requirements of a PEA as defined in NI 43-101 - Standards of Disclosure
for Mineral Projects. The technical data for the study will include among other
items: open pit mining methods, metallurgy and processing, infrastructure,
environment, manpower requirements, marketing and price assumptions, capital and
operating costs, life of mine plan and execution plan. RPA has completed all
inputs and is now awaiting the SGS metallurgy and processing data to finalize
the PEA. An estimated completion date will be better understood in the next six
to eight weeks and another update will be released at that point. Completion of
the PEA will be another important milestone for the Company and lay the
groundwork for the pre-feasibility study.


In a news release on 2 December 2013, RPA estimates showed Indicated Mineral
Resources to date totaling 25.1 million tonnes at an average grade of 3.89%
graphitic carbon ("Cg"), containing 977,000 tonnes of Cg. In addition, Inferred
Mineral Resources delineated to date are estimated to total 20.1 million tonnes
at an average grade of 2.20% Cg, containing 441,000 tonnes of Cg.


Marketing and Business Development

Marketing of the unique Albany high purity graphite material throughout Asia,
Europe and North America continues under the leadership of Dr. Bharat Chahar and
Mr. Tadashi Yamashita. Generally, interested corporations are looking for large
tonnage (long-life), high quality resources capable of producing a superior and
consistent product in a politically stable jurisdiction.


The unique nature and attractiveness of the Albany deposit has led to interest
from numerous global corporations and academic institutions requesting
Zenyatta's ultra-high purity graphite material for testing in their own labs.
Additional processing at SGS will provide enough of this material for release to
these various parties. The Company has thus far signed in excess of 20
confidentiality agreements with these parties to allow for continued dialogue,
potential collaboration and sharing of data, which management expects will lead
to a mutually agreeable arrangement.


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
with very good crystallinity without the use of aggressive acids and high
temperature thermal treatment.


Zenyatta continues to develop the unique Albany Graphite Deposit located in
northeastern Ontario, Canada. The Company's graphite deposit is located 30 km
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 10 km from the graphite deposit.


The outlook for the global graphite market is very promising with demand growing
rapidly from new applications. Graphite 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 3,000 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.


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 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 preliminary economic assessment, 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, metallurgical processing, 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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