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 capital pool company 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 has entered into a third extension letter with Grand Samsara Development LLC and Fundco to extend the time required for the parties to enter into a definitive agreement for the proposed transaction to March 31, 2024. The third extension letter amends the non-binding letter of intent dated March 8, 2023, with Grand Samsara Development and Fundco, as amended by the first extension letter dated April 30, 2023, and further amended by the second extension letter dated Sept. 14, 2023. Except as amended by the third extension letter, the amended LOI continues in full force and effect.

The parties are continuing to negotiate definitive agreements for the proposed transaction and are working diligently toward finalizing all necessary regulatory filings.

About Zenith Capital Corp.

Zenith was incorporated under the Business Corporations Act (British Columbia) on March 11, 2019, and has a head office located at 2475 Queens Ave., West Vancouver, B.C., V7V 2Y9. 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.

Further information

All information contained in this news release with respect to Zenith, Grand Samsara and Fundco was supplied by the parties, respectively, for inclusion herein, without independent review by the other party, and each party and its directors and officers have relied on the other party for any information concerning the other party.

We seek Safe Harbor.