Zenyatta Ventures Ltd.; Notice of Motion for Injunction by Constance Lake First Nation

Zenyatta Ventures Ltd. (ZEN: TSX Venture) (“Zenyatta” or “Company”) announces Constance Lake First Nation (“CLFN”), is seeking injunctive and other relief against the Company and Ontario (“Crown”) regarding Zenyatta's current exploration activities and the Mining Act from Ontario Superior Court. Among other things, CLFN alleges that the defendants have failed to adequately consult and accommodate them in connection with Zenyatta’s current mineral exploration activities. Zenyatta is undertaking a 20,000 metre drill program at the Albany Project near Hearst, Ontario. The Albany Project is within the asserted traditional territory of CLFN. Prior to commencing its drill program, Zenyatta had been engaged in consultative discussions and dialogue with CLFN for over a year. The Company also delayed its winter drill program for numerous weeks while those discussions continued. The motion is expected to be heard in the Supreme Court today. The outcome of the proceeding will be announced when known. Zenyatta is vigorously defending its interests, but remains committed to on-going dialogue with the Crown and CLFN respecting the community's concerns. The Company recognizes the aboriginal treaty rights and the importance of the traditional lands to the First Nation people. We also realize that mineral exploration must contribute to the benefit of all stakeholders involved. The Company is focused and committed to Northwestern Ontario and has always accepted responsibility for strong community relations. For further information please contact Zenyatta at 807-346-1660 or email . To find out more on the Company, please visit our website, www.zenyatta.ca. This news release may contain forward-looking statements and is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the Company’s forward-looking statements and expectations. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
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About Zentek Ltd.

Zentek is an IP development and commercialization company focused on next-gen healthcare solutions in the areas of prevention, detection and treatment. Zentek is currently focused on commercializing ZenGUARD™, a patent-pending coating with 99% antimicrobial activity, including against COVID-19, and the potential to use similar compounds as pharmaceutical products against infectious diseases. The company also has an exclusive agreement to be the global commercializing partner for a newly developed, highly scalable, aptamer-based rapid pathogen detection technology.

To find out more about Zentek Ltd., please visit our website at www.zentek.com. A copy of this news release and all material documents in respect of the Company may be obtained on Zentek's SEDAR profile at www.sedar.com.

Forward-Looking Statements

This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although Zentek believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zentek disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the 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.

For further information:

Tyler Dunn

Director, Marketing & Communications


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