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Zen Graphene hires Strazdins for investor relations

2019-02-19 09:42 ET - News Release

Mr. Francis Dube reports


Zen Graphene Solutions Ltd. has provided an update on recent activities, including progress on the winter Albany graphite bulk-sampling program and the engagement of a new investor relations consultant.

Bulk-sampling program

The bulk-sampling program is proceeding well and is anticipated to be completed by early April, 2019. The main purpose of the program is to recover a large sample of the graphite mineralization in order to generate graphene product samples for market development purposes. The program is expected to generate up to 40 tonnes of 99.8-per-cent purity graphene precursor material.

The winter road has been cleared to the Albany project site and the mobilization of the camp and drill equipment has commenced. The company has contracted Les Forages L.B.M. Inc. of Victoriaville, Que., to perform the drill program, which is anticipated to commence shortly. Preparation and maintenance of the winter road have been contracted to Amik Nuna Forestry Services JV and the camp services will be provided by Expedition Camps and Logistics of Cochrane, Ont. Both companies have business partnerships with Constance Lake First Nation. The bulk-sample program will comprise a total of six large diameter percussive reverse circulation drill holes, five on the East Pipe and one on the West Pipe and is designed to recover up to 990 tonnes of graphite mineralized material. This material will be subsequently purified to 99.8 per cent and ultimately converted to graphene and graphene oxide for continued market development work.

Zen has also been invited to participate in Constance Lake First Nation's second annual mining conference, titled Following Water in Mining, which will be held at Constance Lake on Feb. 19, 2019. The company will provide an update to the Constance Lake First Nation community on the new team, its goals and aspirations. Zen will also be participating in the annual feast which will take place on the following day.

Investor relations consultant

Zen is also pleased to announce that it has retained the services of Mara Strazdins, a consultant with Storyboard Communications Corp., a Toronto-based investor relations and capital markets advisory firm serving Canadian small-cap to mid-cap companies across North American markets.

"With our new Zen Graphene Solutions brand in place, we are launching a refined communications and investor relations strategy to further engage with the market and our stakeholders," said Francis Dube co-chief executive officer of Zen. "Our story has evolved considerably over the last year. We are now on a new path as an emerging graphene technology company and this new partnership with Storyboard and Ms. Strazdins will assist us as we increase our profile within the financial community and in the broader business community now looking for reliable new sources of high-quality graphene products."

The 2019 development plans for Zen include collecting a bulk sample of Albany graphite for processing and larger volume conversions to graphene. As the company intends to pursue development and partnerships for its graphene material, Storyboard will assist the company with communication of Zen's compelling growth plan as it continues to execute on its graphene materials business model.

Under the terms of the agreement, Zen will pay a monthly retainer of $5,000 for an initial term of six months for continuing strategic communications and capital markets advisory services. At the time of entering into this agreement, Storyboard, nor any of its executives, has no ownership interest, directly or indirectly, in Zen or its securities. Zen has not granted Storyboard any right to acquire any such interests.

About Zen Graphene Solutions Ltd.

Zen is an emerging graphene technology solutions company with a focus on development of the unique Albany graphite project as a precursor graphene material product opportunity and product market development. The Albany graphite project provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, the United Kingdom, Israel, the United States and Canada have demonstrated that Zen's Albany graphite/Naturally Pure easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.

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