Mr. Charalambos Katevatis reports

ZENITH CAPITAL CORPORATION ANNOUNCES EXPIRY OF LETTER OF INTENT WITH GRAND SAMSARA

Zenith Capital Corp.'s non-binding letter of intent dated March 8, 2023, among Zenith, Grand Samsara Development LLC and CBGB Ventures Corp., as amended, has expired and the proposed qualifying transaction will not proceed. Accordingly, Zenith will apply to the TSX Venture Exchange to resume trading in the common shares of Zenith on the TSX Venture Exchange.

Zenith will continue to identify and evaluate assets and businesses with a view to completing a qualifying transaction under the CPC policy.

We seek Safe Harbor.