June 10, 2021 
       
ZENITH ENERGY LTD.

("Zenith" or the "Company")

Drilling activities in Robbana, onshore Tunisia

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 in the process of
finalising plans to commence drilling activities in the recently acquired
Robbana concession ("Robbana") in onshore Tunisia. 

Drilling of Robbana-3 well ("ROB-3") 

The Company intends to drill ROB-3, an infill vertical well, in the proximity of
the producing Robbana-1 well ("ROB-1"), to a total depth of approximately 2,400
metres. 

ROB-3 will target two proven hydrocarbon-bearing reservoirs in the Cretaceous
Upper Meloussi sandstone formation, from which successful production has been
achieved from ROB-1 for many years.  

A production of approximately 100-150 barrels of oil per day is expected in the
event of a successful drilling operation.  

Robbana currently produces approximately 25 barrels of oil per day from ROB-1. 

The Company's newly appointed technical team in Tunisia is currently reviewing a
drilling programme inherited from the previous operator with a view to shortly
finalising this with certain adjustments being made. 

Zenith is pleased to report that it believes the long-lead items required for
the drilling of ROB-3 have previously been acquired and are already on location.
This equipment is currently being inspected and evaluations are being made to
ensure that all of the necessary equipment is available and meets the required
quality and safety standards.  

In the event that confirmation is obtained that the required long-lead items are
all on location and meet the required standards, the Company is in advanced
negotiations with a number of local drilling contractors for the identification
of a suitable drilling rig. 

Drilling operations are expected to take approximately 60 days from beginning to
end, with a total budget of approximately US$1.5 million being allocated. 

The Company will provide a further update once the long-lead items have been
fully examined and the drilling programme has been finalised. 

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

"We are delighted to commence our operational journey in Tunisia with the
drilling of a new well in our newly acquired assets, in which we progressively
expect to make increasing investments as we seek to increase production against
a very favourable backdrop of strong oil prices. 
 
The fact that the required long-lead items for drilling ROB-3 might already be
on location greatly assists us in terms of timeline as this will put us in a
very good position towards beginning operations as early as July or August 2021.

I am pleased to confirm that we are fully funded for ROB-3 and we expect the
increased production revenue to be obtained in the event of a successful result
will further strengthen our cash position and fund additional development
activities. 

Our newly appointed team is also closely evaluating the El Bibane concession,
where we also hold a 100 per cent working interest, and the potentially
transformational well intervention to be performed in EBB-3. 

I look forward to updating the market in due course on our progress in Tunisia,
as well as other geographies in our portfolio where we expect to achieve
material progress in due course." 


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
 
The information included in this announcement is defined as inside information
pursuant to MAR article 7 and is publicly disclosed in accordance with MAR
article 17 and section 5 -12 of the Norwegian Securities Trading Act. The
announcement is made by the contact person. 

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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange