Ms. Natasha Vandesluis reports

ZENN MOTOR COMPANY REPORTS 2013 FIRST QUARTER RESULTS

Zenn Motor Company Inc. today released its unaudited financial results for the three months ended Dec. 31, 2012.

Financial results

In the three months ended Dec. 31, 2012, net losses from continuing operations were $320,317 or one cent per share. For the corresponding period in the prior year, net losses from continuing operations were $365,790 or one cent per share.

At Dec. 31, 2012, the company had working capital of $1,323,067 and cash, including cash, cash equivalents and short-term investments, totalling $1,638,909, compared with working capital of $1,675,361 and cash of $1,937,592, respectively, at Sept. 30, 2012.

Additional information

Readers are encouraged to read the company's audited consolidated financial statements for the years ended Sept. 30, 2012, and 2011, the corresponding management's discussion and analysis, and the company's annual information form dated Jan. 24, 2013. All of these documents have been filed and are available for viewing on SEDAR and posted on the company's website.

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