Mr. Andrea Cattaneo reports

ZENITH CLOSES C$337,130 FINANCING

Subject to regulatory approval, Zenith Energy Ltd. has completed a non-brokered private placement of units. Zenith issued an aggregate of 4,214,125 units at a price of eight cents per unit for gross proceeds of $337,130. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to purchase, subject to adjustment, one additional common share at an exercise price of 25 cents per share at any time on or before the date that is 36 months from the date of issuance of the common share purchase warrant. No finders' fees were paid in connection with this private placement. In addition to any resale restrictions under applicable securities legislation, all securities issued under the private placement will be subject to a four-month hold period.

The proceeds from this offering will be used to finance the company's operations and to augment its unallocated working capital.

This transaction is subject to the submission of final documentation and final approval of the TSX Venture Exchange.

We seek Safe Harbor.