May 18, 2021  

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Appointment of Country Manager in the Congo & Update on UK Prospectus

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed
international oil & gas production company focused on pursuing African
development opportunities, is pleased to announce that it is has appointed a new
Country Manager in the Republic of the Congo, Mr. Donatien Mpika. 

Mr. Mpika was previously the Country Manager for Lynx Energy Trading Congo for a
period of almost ten years, as well as having previously served as technical
consultant and special advisor to the Government of the Republic of the Congo. 

Preparation of a UK Prospectus 

The Company is pleased to confirm that it is currently in the process of having
a prospectus (the "Prospectus") approved by the UK Financial Conduct Authority
("FCA").  The Prospectus is in relation to the Company's common shares of no par
value ("Common Shares") which are admitted to trading on the Euronext Growth of
the Oslo Stock Exchange, but not on the Main Market of the London Stock
Exchange, nor the standard segment of the FCA Official List (the "Admission
Shares"). 

The Board of Directors of Zenith recognises that certain of the Admission Shares
have not been admitted to trading on the Main Market of the London Stock
Exchange and to the standard segment of the FCA Official List within 12 months
of their issue, as had been stated in previous market announcements relating to
issuances of equity capital. The material changes the Company's business
activities have undergone in terms of geographic focus during the past 12
months, as well as the impact of the COVID-19 pandemic, have delayed the
preparation of the Prospectus. The applications for the Admission Shares to be
traded on the Main Market of the London Stock Exchange and the standard segment
of the FCA Official List will be made alongside the Prospectus. The table below
shows those Common Shares that are admitted to trading on the respective
markets. There are currently 955,488,507 Admission Shares.
  
Common Shares	 
Total number of shares
Common Shares in issue and admitted to trading on the Main Market of the London
Stock Exchange	313,400,824
Common Shares in issue and admitted to trading on the Euronext Growth Market of
the Oslo Børs - representing the total outstanding common share capital of the
Company 	1,268,889,331
 
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

"We are very pleased to now officially announce the appointment of Donatien
Mpika as Zenith's Country Manager in the Congo. 

He brings a wealth of experience and local expertise that will prove invaluable
as we seek to advance our activities as a foreign investor in the Congo.  

The management team will be working very closely with Donatien in the weeks
ahead to enable Zenith to achieve tangible progress in achieving its objectives
in-country."  

Further Information:
Zenith Energy Ltd 	 
Andrea Cattaneo, Chief Executive Officer	Tel: +1 (587) 315 9031
 	E-mail: info@zenithenergy.ca

Allenby Capital Limited - Financial Adviser & Broker	 
Nick Harriss
Nick Athanas	Tel: + 44 (0) 203 328 5656
 
Notes to Editors: 

Zenith Energy Ltd. is an international oil and gas production company, listed on
the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo
Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize value-accretive
hydrocarbon production opportunities in the oil & gas sector, specifically in
Africa.

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© Oslo Bors ASA, source Oslo Stock Exchange