ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
announce a drilling update on the 100% owned Albany (Hydrothermal) Graphite
Deposit, located in northeastern Ontario, Canada. 


The first drill hole (Z13-4F10) intersected 363 metres ('m') of graphite
mineralization from 47.0 m to 410.0 m. This represents the widest zone of
graphite material intersected to date on the Albany deposit. The hole, which was
drilled at a 180 azimuth and -65 dip, was designed to test between previously
drilled holes 5 and 9. From surface to 41.0 m hole 10 intersected overburden and
from 41.0m to 47.0 m intersected Paleozoic limestone. Graphitic overprinting was
encountered from 47.0 m to 87.0 m, while the strongest graphitic mineralization
was intersected from 87.0 m to 410.0 m. Drilling shows different types of
graphite mineralization consisting of clasts of graphite vein material,
disseminated graphite matrix and discrete graphite veins / veinlets as part of a
large breccia pipe. Geometry and true width of the graphite breccia pipe is
difficult to determine at this point and will require much more drilling. Photos
will be placed on the website today approximately 2hrs after this news. Graphite
analyses for the first drill hole are expected within the next 2-3 weeks. 


The Company will continue to define 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 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.
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.


Mr. Peter Wood, P.Geo., VP Exploration, is the "Qualified Person" under NI
43-101 and has reviewed the technical information contained in this news
release. To find out more on Zenyatta Ventures Ltd., please visit website
www.zenyatta.ca. 


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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