Dr. Francis Dube reports

ZENYATTA PROVIDES CORPORATE UPDATE

Brian Bosse has been appointed chief financial officer of Zenyatta Ventures Ltd. His role as chief restructuring officer has now come to an end as the company comes out of a restructuring phase and looks forward to becoming a leader in the graphene market.

"Brian has done an excellent job as chief restructuring officer and the board greatly appreciates his efforts," stated co-chief executive officer Dr. Francis Dube. "Brian came in at a difficult time in the company's history permitting Zenyatta to be in a much stronger position just four months after the special meeting of shareholders held on May 11, 2018. During this time, Brian proved himself to be very capable of managing the financial affairs of the company, and we are delighted that he has agreed to continue on the management team as our chief financial officer."

Peter Wood, PGeo, PEng, has been promoted from vice-president to president and chief operating officer. Co-chief executive officer Don Bubar commented: "Peter is a geological engineer who has been leading the exploration and development work on the Albany graphite project since 2013 and proven himself to be highly qualified to direct project and graphene development activities going forward. He is committed to helping us realize the full potential of Albany graphite in the graphene market and has earned the opportunity to provide leadership for the next stage of Zenyatta's growth as president and chief operating officer."

Zenyatta has also provided an update regarding its former director and president, Aubrey Eveleigh. Mr. Eveleigh was removed from the Zenyatta board of directors at the special meeting. Mr. Eveleigh did not attend the special meeting; he has not appeared at the company's offices since the special meeting; and he has not provided transition assistance to the current board of directors and new management.

About Zenyatta Ventures Ltd.

Zenyatta's Albany graphite project hosts a large and unique quality deposit of highly crystalline graphite. The deposit is located in Northern Ontario just 30 kilometres north of the Trans-Canada Highway, near the communities of Constance Lake First Nation and Hearst.

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