ZENITH ENERGY LTD. January 29, 2021 ZENITH ENERGY LTD. ("Zenith" or the "Company") Update on Bond Coupon PaymentsZenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA-ME), 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 relation to the following bonds (the "Bonds") the Company has issued: oZenith Energy Ltd 8%Dec 2021 AT0000A23S79 o ZEEX 10.00001/27/24 MTN XS2108546818 CHF o ZEEX 10.12501/27/24 MTN XS2108546735 EUR o ZEEX 10.30001/27/24 MTN XS2108546651 USD o ZEEX 10.37501/27/24 MTN XS2108546578 GBPAndrea Cattaneo , Chief Executive Officer of Zenith, commented: "We are pleased to be further enhancing our credibility as a debt issuer with a focus on the continental European and Asian markets, having now consistently paid all coupons for the aforementioned instruments since their respective issuances. This is a demonstration of our effective cashflow management which offers investors a fixed semi-annual return on their investment. The Company is carefully developing its debt financing capabilities in order to facilitate the attraction of more significant interest from investors as we go forward in implementing our ambitious African development strategy." Further Information:Zenith Energy Ltd Andrea Cattaneo , Chief Executive Officer Tel: +1 (587) 315 9031 E-mail: info@zenithenergy.caAllenby Capital Limited - Financial Adviser & BrokerNick Harriss Nick Athanas Tel: + 44 (0) 203 328 5656 Notes to Editors:Zenith Energy Ltd. is an international oil and gas production company, listed on theLondon Stock Exchange (LSE:ZEN) and the Euronext Growth Market of theOslo Stock Exchange (OSE:ZENA). Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically inAfrica .
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