Mr. Mohammed Jiwan reports

ZENTEK LTD. GRANTED 180-DAY EXTENSION TO REGAIN COMPLIANCE WITH NASDAQ'S MINIMUM BID PRICE REQUIREMENT

Further to the press release dated Aug. 27, 2025, Zentek Ltd. has been granted a 180-calendar-day extension from Nasdaq Stock Market LLC to regain compliance with the Nasdaq's minimum $1 bid price requirement set forth in Nasdaq listing Rule 5550(a)(2) for continued listing on Nasdaq following the expiration of the initial 180-calendar-day period to regain compliance on Feb. 23, 2026. The company has until Aug. 24, 2026, to meet the minimum bid price requirement set forth in Nasdaq listing Rule 5550(a)(2).

There is no immediate effect on the listing or trading of the company's shares, which will continue to trade on Nasdaq under the symbol ZTEK. To regain compliance with the rule, the company must maintain a closing bid price of at least $1 per share for a minimum of 10 consecutive business days on or prior to Aug. 24, 2026. Zentek's management intends to actively monitor the bid price for its shares and will consider all available options to regain compliance with the Nasdaq minimum bid price requirement.

About Zentek Ltd.

Zentek is a Canadian company advancing a portfolio of graphene-enabled advanced material technologies across health care, clean air and next-generation industrial applications. Zentek develops and scales material innovation solutions that aim to make partner products better, safer and more energy-efficient, while unlocking new high-value markets for ultrahigh-purity graphite in nuclear, battery and semiconductor applications.

We seek Safe Harbor.