Payment of multi-currency bond coupon

August 23, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Payment of multi-currency bond coupon

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 has recently made coupon payments, in full and on time, in respect of the following multi-currency Euro Medium Term Notes the Company has issued on the Vienna MTF of the Vienna Stock Exchange:

• ZEEX 10.000 01/27/24 MTN XS2108546818 CHF
• ZEEX 10.125 01/27/24 MTN XS2108546735 EUR
• ZEEX 10.300 01/27/24 MTN XS2108546651 USD
• ZEEX 10.375 01/27/24 MTN XS2108546578 GBP

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