Zenith Energy Regulatory News (ZEN)

February 22, 2024

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Admission to trading of UK Financing Common Shares

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the listed international energy production and development company with a focus on opportunities in Central Asia and the USA, announces that the application made for the 8,300,000 new common shares of no-par value in the capital of the Company issued as part of the equity issuance announced on February 13, 2024, to be listed on the standard segment of the FCA Official List and to be admitted for trading on the London Stock Exchange Main Market for listed securities (the "UK Financing Common Shares"), has been revised.

As a result, the Company confirms that admission of the UK Financing Common Shares is now expected to take place on or around 8.00 a.m. (GMT) of March 11, 2024 ("Admission").

Following Admission, the number of Common Shares admitted to the standard segment of the FCA Official List and to trading on the Main Market for listed securities of the London Stock Exchange will be 201,437,074.

Further Information:

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa, the US and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the Venture Market of the OTCQB (OTCQB: ZENAF).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit: www.zenithenergy.ca

Twitter: @zenithenergyltd

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