Zenith Energy Ltd. announced that it has issued and listed EUR 3,120,000 unsecured corporate notes at par value (the "Notes") on the Third Market (MTF) of the Vienna Stock Exchange. The Notes bear interest at a rate of 8% per annum, payable semi-annually, and are listed on the Third Market (MTF) of the Vienna Stock Exchange ("Wiener Borse AG") as "ZENITH ENERGY LTD 8% NOTES - 2021" The International Securities Identification Number ("ISIN") of the Notes is AT0000A23S79. This issuance is part of an approval to list up to EURO 10 million in several tranches and with the same ISIN. The Notes are governed by Austrian law and, since the Notes are not convertible into equity of Zenith, the issuance of the Notes is not subject to the approval of the TSX Venture Exchange in Canada. The Company is planning to issue further tranches of the Notes in the first quarter of 2019. Respective announcements in relation to each issuance will be made as required. The issue of the Notes is aligned with the Company's strategy of diversifying its financing towards non-equity dilutive funding to support its successful development.