July 27, 2022      

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Payment of multi-currency bond coupon

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue
generating production, exploration and development assets in Africa and Europe,
is pleased to announce that it has today made coupon payments, in full and on
time, in respect of the following multi-currency Euro Medium Term Notes the
Company has listed on the Vienna MTF of the Vienna Stock Exchange:

·	ZEEX 10.000 01/27/24 MTN XS2108546818 CHF    
·	ZEEX 10.125 01/27/24 MTN XS2108546735 EUR   
·	ZEEX 10.300 01/27/24 MTN XS2108546651 USD   
·	ZEEX 10.375 01/27/24 MTN XS2108546578 GBP  

Luca Benedetto, Chief Financial Officer, commented: 

"Non-dilutive funding is an important area of focus for Zenith that we wish to
develop further as we increase in size and the current oil, gas and electricity
pricing climate attracts renewed investment in the energy industry.
 
"We are very pleased to have progressively become an established debt issuer,
benefiting from two independent credit ratings and a now consistent record of
financial compliance towards our fixed income investors." 

Further Information:

Zenith Energy Ltd 

Andrea Cattaneo, Chief Executive Officer	 
Tel: +1 (587) 315 9031
E:       info@zenithenergy.ca

BlytheRay - Financial PR/IR
Tim Blythe, Alice McLaren, Madeleine Gordon-Foxwell	Tel: +44 207 138 3204
E: zenith@blytheray.com
 
Alternative Resource Capital - Broker 

Alex Wood
Keith Dowsing	 
Tel: +44 (0) 207 186 9004
Tel: + 44 (0) 207 186 9005
 
Notes to Editors:  
                                 
Zenith Energy Ltd. is a revenue generating, independent energy company with
production, exploration and development assets in Tunisia, Italy, and the
Republic of the Congo, including electricity generation in Italy. The Company is
listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext
Growth of the Oslo Stock Exchange (OSE: ZENA).

Zenith's strategic focus is on pursuing transformational opportunities in Africa
and Europe through the development of proven revenue generating oil, gas and
electricity production assets, as well as low-risk exploration activities in
assets with existing production.

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