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Calgary, Alberta / TheNewswire / November 27, 2015 / Zenith Energy Ltd. ("Zenith" or the "Company" ) (TSX VENTURE: ZEE) is pleased to a n noun c e , s ub j e ct to re gu l a t or y ap p ro v a l , t h e c o m p l e t i o n o f a no n - b ro k e re d p r i v a te p l a c em en t o f un i ts (" U n i ts " ) . Z e n i th i ss ue d a n a g grega te o f 4,214,125 Units a t a p r i ce o f C$0.08 pe r U n i t f o r gro ss p ro c e e d s o f C$337,130.

E a ch Un i t c on s i sts o f o n e common share in the capital of the Company and one common share purchase warrant. E a ch c o mm o n s har e pur c ha s e w arran t en t i t l e s t h e h o l d e r t he r eo f to p u r c ha s e , s ub j e ct to ad j u s t m en t, on e add i t i o n a l c o mm o n s har e a t a n e x er c i se p r i ce o f CAD $ 0. 2 5 p e r s har e a t a n y t i m e o n o r be f or e t h e da t e tha t i s 3 6 m on t h s fro m th e d a te o f i ss uan ce o f t h e c o mm o n s har e pur c ha se w arran t. No finder's fees were paid in connection with this private placement.

In ad d i t i o n to an y r e s a l e re st r i c t i o n s un d e r ap p l i c a b l e s e c u r i t ies l e g i s l a t i o n , a ll s e c u r i t i e s i s s ue d un d e r t h e p r i v a t e p l a c e m en t w i ll b e s u b j e ct to a fou r -m on th ho l d pe r io d .

T h e pro c eed s f r o m t h i s o f fe r ing w i ll b e u s e d t o f i n a n ce t h e Co m pan y's opera t i on s an d to a ug m en t i ts una l l o c a t e d w or k i n g c a p i t a l . T h i s t r a n s a c t i o n i s s u b j e ct to t h e s ub m i ssion o f f i n a l do c u m en t a t i o n a n d f i n a l app r o v a l o f t h e T S X V en t ur e Ex c hange .

About Zenith Energy Ltd.

Zenith focuses on the acquisition and further development of proven onshore oil and gas fields where production has declined over time, but which are capable of increased productivity following an injection of capital and optimization through its corporate engineering and technical expertise. To maximize shareholder value, Zenith targets acquisitions of production opportunities that offer strong logistics and close proximity to refineries and pipelines. Zenith's management and directors have extensive international and governmental experience and possess the technical knowledge to execute this strategy.

Ne i t he r the T S X V en t ur e Ex c hang e no r i ts Re g u la t i o n S er v i c e s P ro v i de r (a s t ha t t er m i s de f i ne d i n t h e po l i c i e s o f t h e T S X V en t ur e Ex c hange ) a cc ep ts re s pon s i b i l i ty f o r t h e ade q ua cy o r a cc ur a cy o f t h i s re le a s e .

Fo r w a r d - Lo o k i n g S ta t e m e n t s

T h i s ne ws re le a se c on t a i n s f or w a r d - l o o k i n g st a t emen ts an d f or w a r d - lo o k i n g i n f orma t i o n w i t h i n t h e mean i n g o f app l i c ab le s e c ur i t i e s laws. T h e u se o f an y o f t h e w o rd s "e x pe ct " , " an t i c i pa t e" , " c on t i nue" , "e st i ma t e" , " o b jec t i v e" , "on g o i ng" , "ma y " , " w i l l " , "p r o jec t" , " s hou l d " , " b e l i e v e" , "p la n s " , " i n t end s" a n d s i m i lar e x pre ss i on s ar e i n t ende d to i den tify f or wa r d - l o o k i n g i n f orma t i o n o r st a t em e n ts. Mor e par t i c u la r ly an d w i t hou t l i m i t a t i on , t h i s n e ws re le a se c o n t a i n s f or wa r d lo o k i n g st a t e men ts a n d i n f orma t i o n c on c ern i n g t h e c omp le t i o n o f t h e pr i v a te p lac emen t . T h e f or wa r d - lo o k i n g st a t e men ts an d i n f orma t i o n ar e ba s e d o n c er t a i n k e y e x pe ct a t i on s an d a ss ump t i on s mad e b y Z en i t h , i n clu d i n g t h e ab i l i ty to ob t a i n t h e re q u i re d Ex c hang e appr o v a l. A lt houg h Z en i th be l i e v e s t ha t t h e e x pe ct a t i on s an d a ss ump t i on s o n wh i ch s u ch f o r wa r d- lo o k i n g st a t emen ts an d i n f orma t i o n a r e b a s e d ar e r ea s onab le, undu e re l i an ce s hou ld no t b e p lac e d o n t h e f or w a r d l o o k i n g st a t em e n ts a n d i n f orm a t i o n be c au s e Z en i th c a n g i ve n o a ss uran ce t ha t t he y w i ll pro ve to b e c or r e c t . B y i ts na t ure , s u ch f or w ar d - lo o k i n g i n f orma t i o n i s s ub ject to v ar i ou s r i sks an d u n c er t a i n t i e s, w h i ch c ou ld c au se t h e a ct ua l re s u lts an d e x pe ct a t i on s to d i f fe r ma t er i a l l y f r o m t h e a n t i c i pa t e d re s u lts o r e x pe ct a t i on s e x pre ss ed . T he se r i sks an d un c e r t a i n t i e s, i n clu de , bu t a r e n o t l i m i t e d t o , Z en i th be i n g unab le t o close o n t h e propo s e d s ub sc r i p t i on s an d be i n g unab le to ob t a i n t h e r e q u i s i te r egu la tor y app r o v a l . R ea d er s a r e c a u t i one d no t to p lace undu e r e l i an ce o n t h i s f or wa r d - lo o k i n g i n f orma t i on , wh i ch is g iv e n a s o f t h e da te h ereo f, a n d to no t u se s u ch f or w a r d - l o o k i n g i n f orma t i o n f o r a n yt h i n g o t he r t ha n i ts i n t ende d pur po s e . Z en i th under t a k e s n o ob l i ga t i o n to upda te pub l i cly o r re v i se an y f or wa r d - lo o k i n g i n f orma t i on , w he t he r a s a re s u lt o f n e w i n f orma t i on , f u t u r e e v en ts o r o t h er w i s e , e x c ep t a s r e q u i re d b y l a w.

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