July 6, 2018 - 9:00 AM EDT
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Director / PDMR Shareholding

(via TheNewswire)

Calgary, AB / TheNewswire / July 6, 2018 - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, announces that its Chief Executive Officer & President, Mr. Andrea Cattaneo, advised the Company that on July 2, 2018 he purchased a total of 2,008,808 common shares in the capital of the Company from Pole Position S.r.l., ("Pole Position"), at a price of GBP0.04 per common share. Pole Position is a company controlled by the immediate family of Mr. Luigi Regis Milano, an Executive Director of the Company; Mr. Regis Milano is also the sole director of Pole Position.

In addition, Mr. Cattaneo also advised the Company that he purchased a total of 300,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of GBP0.0416 per Common Share on July 2, 2018.

Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 8,026,992 Common Shares in the capital of the Company, representing 3.75 per cent of the total issued and outstanding common share capital of the Company. As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.58 per cent of the Company's issued share capital.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Zenith Energy Ltd.

Andrea Cattaneo

Chief Executive Officer

E-mail: [email protected]

Tel: +1 (587) 315 9031

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Kate Rogucheva

Tel: +44 (0) 20 7830 9700

Daniel Stewart & Company Plc - (Joint Broker)

Robert Emmet- Corporate Broking

Nikhil Varghese- Corporate Finance

Tel: + 44 (0) 207 776 6550

Optiva Securities - (Joint Broker)

Christian Dennis

Tel: + 44 (0) 203 137 1903

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

Tel: + 44 (0) 203 328 5656

Notes to Editors:

Zenith Energy Ltd. is an international oil and gas production company, dual listed on the TSX Venture Exchange and London Stock Exchange.

The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Azerbaijan Republic, in 2016.

The Company's primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company's Italian operations produce natural gas, natural gas condensate and electricity.

Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the experience and technical expertise to develop the Company successfully.

Copyright (c) 2018 TheNewswire - All rights reserved.


Source: TheNewsWire (July 6, 2018 - 9:00 AM EDT)

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