(via TheNewswire)

Calgary, AB / TheNewswire / November 20, 2017 - Zenith Energy Ltd. (" Zenith " or the " Company ") ( LSE : ZEN ; TSX.V : ZEE ), the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce an operational update on wells Z-28 and Z-21 in the Zardab field, Azerbaijan.

High-impact workover of well Z-28

The tubing in well Z-28 has been cleaned out to a depth of 3582 metres, 14 metres deeper than the reported liner top (3568 metres). The well was first cleaned out to the depth of 3501 metres where the current top of the tubing is located, at which time a string of tubing was latched onto it, and a CTU (coiled tubing unit) was rigged up to clean the well to the depth of 3582 metres.

The Company's operational team now intends to run a free point tool into the tubing to determine where the tubing can be cut, and subsequently cut off the tubing at the maximum depth possible. Once this is completed a mill will be used to clean up the top of the liner and thereby enable a coiled tubing intervention to again take place and be run to total depth (3944 metres).

Well Z-21

The Company confirms that civil works on the roads to well Z-21 and at the well location have begun.

Well Z-21 has been closely monitored by Zenith's operational team following the blowout which took place on October 18, 2017. Wellhead pressure readings averaging 3675 psi have been recorded, building up approximately every 10 days. The pressure is regularly bled down when these levels are recorded in order to protect the structural integrity of the wellhead.

The workover of well Z-21, expected to begin after the completion of the Z-28 workover, will clean out the wellbore with the objective of restoring the well to production at a consistent rate and pressure.

Mike Palmer, Chief Operating Officer, Zenith Aran, the Company's Azerbaijan-based fully owned subsidiary, commented:

"As I had pointed out in my last statement, our operations in the Zardab field present exceptional potential, but it important to also note that we have encountered a number of difficult challenges that we have successfully overcome. The lack of accurate well data has certainly made the job more difficult and meant that we are effectively learning about the well as we go along.

Our operational team has done a tremendous job so far and I am very pleased with our progress. Indeed, we have no indication that the workover of Z-28 will not be successful. We still have a number of slow and difficult tasks during the weeks ahead to complete the workover, but I am confident we can achieve a great result."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Zenith Energy Ltd.

Andrea Cattaneo

Chief Executive Officer

Email: info@zenithenergy.ca

Tel: +1 (587) 315 9031

Fax: +1 (403) 775 4474

Optiva Securities - (Joint Broker)

Christian Dennis

Tel: + 44 (0) 203 137 1903

Beaufort Securities Limited - (Joint Broker)

Jon Belliss

Tel: +44 207 382 8300

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

Richard Short

Tel: + 44 (0) 203 328 5656

Yellow Jersey (Financial PR/IR)

Tim Thompson

T el: +44 (0) 203 735 8825

F orward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning the current and future production potential of the Company's assets. The forward-looking statements and information are based on certain key expectations and assumptions made by Zenith, including the ability to execute its strategy and realise its growth opportunities including its ability to finance and execute its plans. Although Zenith believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. All timing given in this announcement, unless stated otherwise is indicative and while the Company endeavours to provide accurate timing to the market, it cautions that due to the nature of its operations and reliance on third parties this is subject to change often at little or no notice. By its nature, such forward-looking information is subject to certain risks and uncertainties (both general and specific) that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These risks and uncertainties, include, but are not limited to, Zenith being unable to finance or realis e growth opportunities. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Zenith undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking information contained herein is expressly qualified by this cautionary statement.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (" MAR "). Upon publication of this announcement via a regulatory information service (" RIS "), the inside information contained in this document is now considered to be in the public domain.

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