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Admission to trading on the London Stock Exchange and Completion of Placing

Admission will become effective and dealings will commence at 8.00 a.m. today, 11 January 2017.

The placing successfully raised approximately £2,332,550 before expenses via the issue of 33,322,143 Common Shares at the placing price of £0.07 per share (the "UK Placing"). The net proceeds of the UK Placing are approximately £2,015,922.

The net proceeds of the UK Placing will be used by the Company to provide additional funding for debt repayment, to provide additional funding for the Company's development and appraisal activities in Azerbaijan, Italy and Argentina and to provide additional working capital.

Andrea Cattaneo, Zenith Energy CEO commented:

"We are pleased to have successfully completed Zenith's admission to trading on the London Stock Exchange's main market. We believe that the Company's listing on the Official List will provide a supportive platform to help us achieve our ambitious growth objectives."

This announcement is an advertisement for the purposes of the Prospectus Rules of the UK Financial Conduct Authority ("FCA") and not a prospectus and not an offer to sell, or a solicitation of an offer to subscribe for or to acquire, securities in any jurisdiction, including in or into the United States, Australia, the Republic of South Africa or Japan. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the prospectus (the "Prospectus") published on 5 January 2017 by Zenith Energy Ltd. in connection with the proposed admission of its common shares ("Common Shares") to the standard listing segment of the Official List maintained by the FCA (the "Official List") and to trading on the London Stock Exchange plc's (the "London Stock Exchange") main market for listed securities (the "Main Market"). Copies of the Prospectus are available for inspection online at www.zenithenergy.cawww.SEDAR.com and at the offices of Dechert LLP at 160 Queen Victoria Street, London EC4V 4QQ, United Kingdom.

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