Mr. Ryan Shacklock reports

ZENTEK ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS FOR UP TO $3 MILLION

Zentek Ltd. has arranged a non-brokered private placement of up to $3-million through the issuance of up to 2,307,692 units in the capital of the company at a price of $1.30 per unit. Gross proceeds of the offering will be used for working capital and general corporate purposes.

Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at a price of $3 for a period of 24 months from the closing date of the offering.

The closing of the offering is subject to the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months and one day from the date of issuance and the resale rules of applicable securities legislation.

About Zentek Ltd.

Zentek is an ISO 13485:2016-certified intellectual property technology company focused on the research, development and commercialization of novel products seeking to give the company's commercial partners a competitive advantage by making their products better, safer and greener.

Zentek's patented technology platform, ZenGuard, is shown to have 99-per-cent anti-microbial activity and to significantly increase the viral filtration efficiency for surgical masks, and aims to do the same for HVAC (heating, ventilation and air conditioning) systems. Zentek's ZenGuard production facility is located in Guelph, Ont.

We seek Safe Harbor.