ZENITH ENERGY LTD. September 21, 2022 ZENITH ENERGY LTD. ("Zenith" or the "Company") Credit Rating UpgradeZenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets inAfrica andEurope , is pleased to announce that BCRA Credit Rating Agency AD ("BCRA") has upgraded Zenith's long-term debt issuer credit rating to 'B with Positive Outlook'. BCRA is an independent credit rating agency operating since 2003.The Financial Supervision Commission ("FSC") andEuropean Securities and Markets Authority ("ESMA") have fully registered BCRA in accordance with Regulation (EC) No. 1060/2009 of theEuropean Parliament and of the Council on credit rating agencies. The BCRA report can be viewed here: https://bcra.eu/files/rating_zenith_sep_2022_en.pdf -ENDS- Further Information:Zenith Energy Ltd Andrea Cattaneo , Chief Executive Officer Tel: +1 (587) 315 9031 E: info@zenithenergy.ca BlytheRay - Financial PR/IR Tim Blythe,Megan Ray ,Madeleine Gordon-Foxwell Tel: +44 207 138 3204 E: zenith@blytheray.comAlternative Resource Capital - BrokerAlex Wood Keith Dowsing Tel: +44 (0) 207 186 9004 Tel: + 44 (0) 207 186 9005 Notes to Editors:Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets inTunisia ,Italy and theRepublic of the Congo , including electricity generation inItaly . The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of theOslo Stock Exchange (OSE: ZENA). Zenith's strategic focus is on pursuing transformational opportunities inAfrica andEurope through the development of proven revenue generating oil, gas and electricity production assets, as well as low-risk exploration activities in assets with existing production. For more information, please visit: www.zenithenergy.ca Twitter: @zenithenergyltd LinkedIn: https://bit.ly/3A5PRJb
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