August 24, 2020

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Termination of Market Making Agreement with Norne Securities AS

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:ZENA-ME), the
listed international oil & gas production company, announces that it has
terminated the Market Making Agreement (the “Agreement”) with Norne Securities
AS (“Norne”), first announced to the market on October 1, 2019. 

As publicly reported at the time of entering into the Agreement with Norne, the
purpose of the Agreement was to enhance the liquidity of the Company’s listing
on the Merkur Market of the Oslo Stock Exchange. 

The Company is satisfied with the recent levels of liquidity and believes the
Agreement is no longer required. 

The effective date of the Agreement’s termination will be August 31, 2020. 

This information is in accordance with the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.

Further Information:

Zenith Energy Ltd 	 
Andrea Cattaneo, Chief Executive Officer	Tel: +1 (587) 315 9031
 	E-mail:    info@zenithenergy.ca

Allenby Capital Limited - Financial Adviser & Broker	 
Nick 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
the London Stock Exchange (LSE:ZEN) and the Merkur Market of the Oslo Stock
Exchange (ZENA:ME).
Zenith's development strategy is to identify and rapidly seize value-accretive
hydrocarbon production opportunities in the onshore oil & gas sector,
specifically in Africa. The Company's board of directors and senior management
team have the experience and technical expertise to develop the Company
successfully.