July 20, 2020

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Update on Tilapia in the Republic of the Congo

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA-ME), the
listed international oil & gas production company focused on pursuing African
development opportunities, is pleased to provide an update on the Tilapia
licence in the Republic of the Congo which expired on July 18, 2020. 

The Company can confirm that the Company's subsidiary in the Republic of the
Congo, Anglo African Oil & Gas Congo S.A.U ("AAOG Congo"), continues to operate
the Tilapia oilfield on an interim basis following the implementation of a "Plan
for the Continuation of Activities" ("PCA") agreed with the national oil
authorities. 

New 25-year licence for Tilapia ("Tilapia II") 

The Company is pleased to announce that, in accordance with local procedures, it
has submitted a comprehensive commercial and technical offer (the "Offer") to
the Ministry of Hydrocarbons of the Republic of the Congo for the award of a new
25-year licence for the Tilapia oilfield to be named "Tilapia II".  

In consideration of the impact of the ongoing COVID-19 pandemic, as well as the
expected evaluation period for the Company's aforementioned Offer, the Company
expects to receive a preliminary indication regarding the possible acceptance of
the Offer within the next 30 days. 

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

"We are very excited about the good progress we have achieved in recent weeks in
the Republic of the Congo, specifically in respect of the submission of the
Offer for Tilapia II.  As is to be expected, the unprecedented world crisis
presented by COVID-19 has delayed all activities, including the arranging of
meetings to conduct the necessary negotiations prior to submitting the Offer. 

The Tilapia asset has transformational production potential and the award of a
new 25-year licence will represent the first important successful milestone in
our journey in the Congo. It is our hope and expectation that we shall achieve
this goal in due course. 

I am also pleased to confirm that negotiations are nearing a conclusion with
regards to defining a payment plan for the repayment of the US$5.3 million debt
owed by Société Nationale des Pétroles du Congo to AAOG Congo." 

  



Further Information:
Zenith Energy Ltd. 	
Andrea Cattaneo, Chief Executive Officer	Tel: +1 (587) 315 9031
	E-mail: info@zenithenergy.ca
 
Notes to Editors: 
Zenith Energy Ltd. is an international oil and gas production company, listed on
the London Stock Exchange (LSE:ZEN) and the Merkur Market of the Oslo Stock
Exchange (ZENA:ME).
Zenith's development strategy is to identify and rapidly seize value-accretive
hydrocarbon production opportunities in the onshore oil & gas sector,
specifically in Africa. The Company's board of directors and senior management
team have the experience and technical expertise to develop the Company
successfully.

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