ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
announce that a drill program will commence immediately at its 100% owned Albany
Graphite Deposit in northeastern Ontario. 


Given the recent metallurgical success, the Company will now focus on defining
the size and grade of this rare, 'vein-type' or hydrothermal-style graphite
deposit. The goal of the current program will be to expand on a 2012 drilling
campaign that intersected a large mineralized zone of graphitic breccia and
veining which yielded up to 6.6% Carbon over 170.0 metres ('m') from widely
spaced drill holes. This previous nine (9) hole drill program succeeded in
establishing widespread graphite mineralization laterally for several hundred
metres and to a vertical depth of 400m, where it remains open. 


The current drilling will consist of a minimum of 10,000m and will further test
the extent of the Geotech VTEM airborne conductor that measures 1400m east-west
by 800m north-south. The program will require 40 holes and is expected to
continue until August, after which a NI 43-101 resource estimate will be
calculated. The Company anticipates a steady flow of information from drilling
activities and continued metallurgical work from this fully funded $4 million
exploration program for the balance of 2013.


Aubrey Eveleigh, President and CEO stated, "This larger drill campaign will
further define the size and shape of the only known 'vein type' or hydrothermal
graphite deposit under development in the world. Hydrothermal graphite deposits,
like the Albany, are extremely rare and known to offer superior performance in
many industrial applications due to its distinctive properties. We believe the
Albany graphite deposit is emerging as a very important and unique graphite
resource." Eveleigh also stated, "Zenyatta's exploration team headed by Peter
Wood, VP Exploration will manage the program over the next 4-6 months. Mr. Wood
will focus on defining a resource estimate at the Albany graphite deposit and
prepare for a pre-feasibility study in the second half of the year."


Zenyatta initially established the quality of the Albany graphite and recently
announced ultra-high purity results from SGS Canada Inc. of 99.96% carbon from a
low-cost, conventional processing technique. This is further confirmation of
earlier mineralogical studies from Lakehead University that showed the Albany
graphite material to be hydrothermal in nature with negligible impurities. The
ability to produce a natural graphite product equivalent in purity to the
highest grade synthetic graphite using low-cost conventional processing
techniques will allow Zenyatta to target the growing market in high value-added
graphite applications; especially the new important high technology
manufacturing and the emerging "green" industries. Given the ultra-high purity
at Zenyatta's Albany project, the Company will be positioning the material to
compete in the $13 billion (global production at 1.5 million tonnes annually)
synthetic market.


Zenyatta's Albany graphite deposit is located 30km north of the Trans Canada
Highway, power line and natural gas pipeline near the communities of Constance
Lake First Nation and Hearst. A rail line is located 70km away and an
all-weather road approximately 4-5km from the graphite deposit. The deposit is
near surface, beneath 20-40 metres of overburden consisting of gravel and a thin
veneer of limestone.


Mr. Aubrey Eveleigh, P.Geo., President and CEO, is the "Qualified Person" under
NI 43-101 and has reviewed the technical information contained in this news
release. 


This News Release includes certain "forward-looking statements". These
statements are based on information currently available to the Company and the
Company provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", "should"
or "plan". 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 the Company's
mineral properties, and the Company'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 the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zenyatta Ventures Ltd.
807-346-1660
info@zenyatta.ca
www.zenyatta.ca

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