October 16, 2017 - 10:25 AM EDT
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Director/PDMR Shareholding

(via TheNewswire)

Calgary, AB / TheNewswire / October 16, 2017 - 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, is pleased to announce that Andrea Cattaneo, the Chief Executive Officer of the Company, has today purchased a total of 500,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of ?0.09415 pence per Common Share.

Following this purchase, Mr. Cattaneo now holds 3,338,616 Common Shares representing 2.54 per cent of the Common Shares in issue.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of 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

Email: [email protected]

Telephone: +1 (587) 315 9031

Telefax: +1 (403) 775 4474

Allenby Capital Limited - (Joint Broker)

Nick Harriss

Nick Athanas

Richard Short

Telephone: + 44 (0) 203 328 5656

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

Yellow Jersey (Financial PR/IR)

Tim Thompson

Telephone: +44 (0) 203 735 8825

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

Andrea Cattaneo

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Zenith Energy Ltd.

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Common Shares of Zenith Energy Ltd.

Identification Code

(ISIN) CA98936C1068

b)

Nature of the transaction

Purchase of common shares

c)

Aggregated information

Aggregated price

Aggregated volume

?0.09415 pence per common share

500,000

d)

Currency

GBP - British Pound

e)

Date of the transaction

October 16, 2017

f)

Place of transaction

London Stock Exchange (LSE)

Copyright (c) 2017 TheNewswire - All rights reserved.


Source: TheNewsWire (October 16, 2017 - 10:25 AM EDT)

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