Mr. Charalambos Katevatis reports

ZENITH CAPITAL CORPORATION PROVIDES UPDATE ON PROPOSED QUALIFYING TRANSACTION WITH GRAND SAMSARA

Zenith Capital Corp. has provided an update on its previously announced qualifying transaction (as such term is defined in the CPC policy), pursuant to which Zenith intends to acquire all of the issued and outstanding securities of each of Grand Samsara Consulting LLC and CBGB Ventures Corp. (Fundco), resulting in a reverse takeover of Zenith by the shareholders of Grand Samsara and Fundco.

Zenith, Grand Samsara and Fundco have entered into an amendment to the letter agreement dated effective March 8, 2023, and amended April 30, 2023, pursuant to which the parties have agreed to extend the exclusivity period of the letter agreement until Nov. 30, 2023. The parties are continuing to negotiate definitive agreements for the proposed transaction and are working diligently towards finalizing all necessary regulatory filings.

For more information regarding the proposed transaction, Grand Samasa and Fundco, please see Zenith's news release dated March 9, 2023. Zenith will provide further details regarding the proposed transaction in a subsequent news release.

About Grand Samsara Consulting LLC

Grand Samsara holds a 100-per-cent undivided interest in the Tsagaan Zalaa silica project, an advanced exploration silica property in a prolific silica-producing region of Mongolia. Trenching and sampling work conducted on site supports a high-purity silica property. The project is ready for the next phase of exploration work to support a mining licence application and subsequent production.

While silica is abundant on earth, high-grade silica is exceedingly rare. High-grade silica is processed into a pure form of silicon, which is irreplaceable in today's technology. Silicon is considered a critical metal, and is the primary ingredient in semiconductor chips, which power everything from computers and smart phones to military and health care systems. Silicon is a key component of fibre optic cables and solar panels, and plays a vital role in the auto industry. There are various potential offtakers in the region of the Tsagaan Zalaa silica project, with a processing facility within 20 kilometres of the property.

Further information about Grand Samsara and the Tsagaan Zalaa silica project, including financial information, will be provided in a subsequent news release.

About Zenith Capital Corp.

Zenith was incorporated under the Business Corporations Act (British Columbia) on March 11, 2019. Zenith is a capital pool company (as defined in the CPC policy), and the proposed transaction is intended to constitute Zenith's qualifying transaction (as defined in the CPC policy). Upon completion of the proposed transaction, it is expected that the resulting issuer will carry on the business of Grand Samsara.

We seek Safe Harbor.