Zenyatta Ventures Ltd.; Drilling for NI 43-101 Resource Estimate Complete; All Drill Holes Intersected Wide Zones of Graphite Mineralization on the East and West Pipes

Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV : ZEN) is pleased to announce the following significant results from drilling on the East and West pipes of the 100% owned Albany (Hydrothermal) Graphite Deposit located in northern Ontario, Canada. Drilling on the East and West pipes continues to demonstrate excellent continuity and both remain open at depth. Significant graphitic carbon (‘Cg’) assay results from delineation drill holes 33 to 44 and two holes (M01 and M02) drilled on the East Pipe to provide a bulk sample for metallurgical test work are summarized as follows:

• Hole M02 (East) yielded 210.8 m @ 5.8% Cg from 50.5 m to 261.3 m within a wider intersection of 440.0 m of graphite mineralization grading 3.8% Cg from 50.5 m to 490.5 m.
• Hole M01 (East) yielded 255.5 m @ 5.5% Cg from 48.0 m to 303.5 m within a wider intersection of 464.2 m of graphite mineralization grading 4.5% Cg from 48.0 m to 512.2 m.
• Hole 44 (West) yielded 126.7 m @ 3.9% Cg from 93.3 m to 220.0 m within a wider intersection of 352.7 m of graphite mineralization grading 2.2% Cg from 68.1 m to 420.8 m.
• Hole 43 (East) yielded 117.0 m @ 7.4% Cg from 61.0 m to 178.0 m within a wider intersection of 170.0 m of graphite mineralization grading 7.0% Cg from 61.0 m to 231.0 m.
• Hole 42 (West) yielded 44.8 m @ 3.1% Cg from 191.4 m to 236.2 m within a wider intersection of 182.2 m of graphite mineralization grading 1.2% Cg from 54.0 m to 236.2 m
• Hole 41 (West) yielded 116.4 m @ 4.8% Cg from 75.0 m to 191.4 m within a wider intersection of 191.9 m of graphite mineralization grading 3.8% Cg from 63.9 m to 255.8 m.
• Hole 40 (West) yielded 150.6 m @ 3.0% Cg from 84.4 m to 235.0 m within a wider intersection of 225.2 m of graphite mineralization grading 2.6% Cg from 81.0 m to 306.2 m.
• Hole 39 (West) yielded 116.0 m @ 5.3% Cg from 141.0 m to 257.0 m within a wider intersection of 263.3 m of graphite mineralization grading 3.2% Cg from 64.0 m to 327.3 m.
• Hole 38 (East) yielded 106.3 m @ 3.9% Cg from 314.7 m to 421.0 m within a wider intersection of 209.0 m of graphite mineralization grading 2.2% Cg from 248.0 m to 457.0 m.
• Hole 37 (East) yielded 155.0 m @ 3.1% Cg from 186.0 m to 341.0 m within a wider intersection of 272.0 m of graphite mineralization grading 2.0% Cg from 83.0 m to 355.0 m.
• Hole 36 (East) yielded 86.0 m @ 5.2% Cg from 203.0 m to 289.0 m within a wider intersection of 235.0 m of graphite mineralization grading 2.2% Cg from 95.0 m to 330.0 m.
• Hole 35 (East) yielded 82.5 m @ 4.4% Cg from 279.0 m to 361.5 m within a wider intersection of 177.5 m of graphite mineralization grading 2.2% Cg from 184.0 m to 361.5 m.
• Hole 34 (West) yielded 89.0 m @ 3.1% Cg from 211.0 m to 300.0 m within a wider intersection of 187.3 m of graphite mineralization grading 2.0% Cg from 126.0 m to 313.3 m.
• Hole 33 (West) yielded 150.4 m @ 2.1% Cg from 155.6 m to 306.0 m within a wider intersection of 197.2 m of graphite mineralization grading 1.6% Cg from 123.0 m to 320.2 m. A second zone was intersected from 404.6 m to 513.0 m yielding 2.7% Cg over 108.4 m.

(All lengths reported are drill intersected core lengths and do not represent true widths). To date, 29 holes have been drilled on the West pipe and 28 holes have been drilled on the East pipe for the resource estimate. Three (3) large-diameter (HQ) holes were drilled on the East pipe to recover a 5 tonne bulk sample for metallurgical test work, which has been delivered to SGS Canada Inc. for processing. As of the date of this news release, the second (M05) of three proposed HQ metallurgical holes is underway on the West pipe. A plan map of the current drilling program is available at www.zenyatta.ca. Aubrey Eveleigh, President and CEO stated “A very successful delineation drilling program in 2013 has confirmed the geometry of two large, vertical breccia bodies consisting of a unique hydrothermal style of graphite mineralization. Drilling for the NI 43-101 resource estimate is now complete and the Company is awaiting final assays from the lab to enable an initial resource statement by independent consultants RPA Inc.” The East Pipe graphite mineralization (breccia and overprint) is oval-shaped with dimensions of approximately 150 metres (“m”) in a NE-SW direction by 300 m in a NW-SE direction and has been tested to a depth of 500 m. It is showing good vertical continuity and remains open at depth. The East Pipe consists of a higher grade core of graphitic breccia which is typically surrounded by a broad halo of graphite overprinted granite. The West Pipe graphitic breccia alone (excluding the graphite overprinted granite) also has an oval shape with dimensions of approximately 160 m in a NW-SE direction by 220 m in a NE-SW direction and has been tested to a depth of 460 m where it remains open. The limit of the entire graphite mineralization (including the graphite overprinted granite) has not been established for the West Pipe and appears to be materially larger than initially expected. Further drilling will be required to define it. Graphitic carbon analyses for the remaining 13 drill holes from the 2013 program (45 through 57) and M03 through M06 will be released once received. The following table provides locational data for all holes drilled to date on the Albany graphite deposit.

HOLE-ID	LENGTH (metres)	EASTING	NORTHING	ELEVATION	AZIMUTH	DIP	PIPE	ASSAYS
M06	Proposed	682511	5545742	130	45	-85	WEST	---------
M05	Drilling	682490	5545647	130	180	-85	WEST	---------
M04	448	682460	5545670	130	125	-85	WEST	Log / Sample
M03	465	682951	5545709	130	45	-85	EAST	Pending
M02	513	682937	5545727	130	45	-85	EAST	COMPLETE
M01	625	682955	5545700	130	332	-85	EAST	COMPLETE
57	393	682341	5545722	130	119	-50	WEST	Pending
56	498	682384	5545780	130	115	-63	WEST	Pending
55	342	682605	5545707	130	300	-50	WEST	Pending
54	306	682583	5545671	130	300	-50	WEST	Pending
53	462	682630	5545595	130	300	-50	WEST	Pending
52	303	682521	5545574	130	300	-50	WEST	Pending
51	405	682580	5545625	130	300	-50	WEST	Pending
50	382	682557	5545597	130	300	-50	WEST	Pending
49	390	682627	5545645	130	300	-55	WEST	Pending
48	387	682669	5545715	130	297	-50	WEST	Pending
47	285	682920	5545905	130	193	-50	EAST	Pending
46	411	682648	5545682	130	300	-50	WEST	Pending
45	381	683020	5545615	130	330	-70	EAST	Pending
44	507	682605	5545831	130	225	-50	WEST	COMPLETE
43	231	683020	5545615	130	330	-50	EAST	COMPLETE
42	237	682439	5545817	130	119	-75	WEST	COMPLETE
41	378	682439	5545817	130	119	-50	WEST	COMPLETE
40	411	682384	5545780	130	115	-50	WEST	COMPLETE
39	381	682385	5545697	130	115	-50	WEST	COMPLETE
38	390	682809	5545495	130	43	-50	EAST	COMPLETE
37	390	682860	5545547	130	43	-50	EAST	COMPLETE
36	363	682792	5545692	130	45	-50	EAST	COMPLETE
35	522	682751	5545650	130	45	-50	EAST	COMPLETE
34	531	682715	5545700	130	270	-50	WEST	COMPLETE
33	540	682676	5545802	130	225	-50	WEST	COMPLETE
32	459	682600	5545570	130	295	-50	WEST	COMPLETE
31	396	682516	5545845	130	180	-50	WEST	COMPLETE
30	393	682438	5545800	130	135	-50	WEST	COMPLETE
29	423	682392	5545723	130	110	-50	WEST	COMPLETE
28	339	683016	5545768	130	200	-50	EAST	COMPLETE
27	561	682710	5545570	130	295	-50	WEST	COMPLETE
26	618	682395	5545565	130	45	-50	WEST	COMPLETE
25	213	682984	5545799	130	225	-50	EAST	COMPLETE
24	252	682917	5545637	130	45	-50	EAST	COMPLETE
23	270	682845	5545745	130	45	-50	EAST	COMPLETE
22	261	682866	5545706	130	45	-50	EAST	COMPLETE
21	291	682890	5545673	130	45	-50	EAST	COMPLETE
20	303	683016	5545768	130	225	-50	EAST	COMPLETE
19	291	682952	5545830	130	225	-50	EAST	COMPLETE
18	432	682809	5545809	130	120	-50	EAST	COMPLETE
17	509	683200	5545700	130	270	-50	EAST	COMPLETE
16	531	683095	5545894	130	225	-50	EAST	COMPLETE
15	412	682860	5545610	130	45	-50	EAST	COMPLETE
14	668	683090	5545590	130	315	-50	EAST	COMPLETE
13	425	683100	5545700	130	270	-50	EAST	COMPLETE
12	366	683025	5545825	130	225	-50	EAST	COMPLETE
11	684	682955	5545935	130	180	-65	EAST	COMPLETE
10	438	682955	5545800	130	180	-65	EAST	COMPLETE
9	425	682955	5545850	130	180	-65	EAST	COMPLETE
8	365	682955	5545800	130	0	-65	EAST	COMPLETE
7	321	682600	5545570	131	0	-65	WEST	COMPLETE
6	346	682400	5545570	131	0	-65	WEST	COMPLETE
5	326	682955	5545700	130	0	-65	EAST	COMPLETE
4	179	682955	5545700	130	180	-80	EAST	COMPLETE
3	495	682500	5545770	131	180	-56	WEST	COMPLETE
2	528	682500	5545370	131	0	-65	WEST	COMPLETE
1	543	682500	5545570	131	0	-65	WEST	COMPLETE
						Nad 83, UTM Zone 16

Analytical Protocol. Samples of half core were packaged and shipped directly from Zenyatta’s core shack at the site to the ALS Minerals facility in Thunder Bay, Ontario, for sample preparation (ALS protocol PREP-31B). Each bagged core sample is dried, crushed to better than 70% passing 2mm and a 1000g split of the crushed material is pulverized to better than 85% passing 75 microns for assaying. The sample pulps were then shipped to the ALS Minerals laboratory in Vancouver, British Columbia for assay. ALS Minerals has ISO 9001:2008 and ISO 17025 Accreditation as per the Standards Council of Canada at all of its global laboratories. Graphite assays were obtained using the graphitic carbon by LECO method (ALS protocol C-IR18). A 0.1g sample is leached with dilute hydrochloric acid to remove inorganic carbon (carbonate). After filtering, washing and drying, the remaining sample residue is roasted at 425°C to remove any organic carbon. The roasted residue is finally analysed for graphitic carbon using a high temperature LECO furnace with infra-red detection. The samples were submitted with blanks and certified custom standards inserted into the sample stream to ensure lab integrity. Mr. Peter Wood, P.Geo., Zenyatta’s Vice President – Exploration, is the “Qualified Person” under National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. To find out more on Zenyatta Ventures Ltd., please visit website www.zenyatta.caor contact the Company at info@zenyatta.ca or Tel. 807-346-1660. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk factors exist that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This news release includes certain "forward-looking statements”, which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zenyatta’s future plans, objectives or goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected timing for release of sample analyses and a resource estimate, the expected uses for graphite in the future, and the future uses of the graphite from Zenyatta’s Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of Zenyatta’s mineral properties, and Zenyatta’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Zenyatta’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Zenyatta’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zenyatta’s forward-looking statements. Zenyatta does not undertake to update any forward-looking statement that may be made from time to time by Zenyatta or on its behalf, except in accordance with applicable securities laws.