Thunder Bay, Ontario--(Newsfile Corp. - December 6, 2018) - Zenyatta Ventures Ltd. (TSXV: ZEN) ("Zenyatta", "ZEN" or
"Company") is pleased to provide an update on its graphene market development work which has led to the creation of five
significant potential market verticals for the Company which include aerospace, biomedical, water treatment, transportation and
civil engineering.
Graphene is an emerging market opportunity with many potential applications. The challenge for a new supplier like ZEN is to
define the priority market segments offering the best value creation potential. ZEN is tackling this challenge by working in close
collaboration with researchers both in industry and in academia. From the work done by the ZEN team over just the past 6 months,
the Company is now actively collaborating with 22 industrial end users and 10 Canadian universities. ZEN is also receiving
significant interest from multiple Canadian government agencies who have already directly contributed over $2 million to ZEN's
graphene research and development work.
Dr. Francis Dubé Co-CEO commented, "Our model of bringing together end-users with specific graphene-related opportunities and
researchers from top Canadian Universities to provide industry specific graphene solutions is proving to be attractive to all
parties. We are creating win-win-win scenarios for everyone involved as we help solve industry challenges in delivering the power
of graphene to end-users. Our work is also bringing leading edge research projects to Canadian academia and creating demand for our
graphene products while developing potentially valuable intellectual property (IP) protected inventions. The work being done across
the country has the potential to make Canada a leader in the emerging clean technology-oriented graphene industry."
ZEN's graphene solutions and the potential economic benefit that they can bring to the Canadian economy has attracted the
attention of several government agencies that are supporting innovation, sustainability and new clean technology. The Company will
continue to work with the government program coordinators for the opportunities that ZEN's unique Albany Graphite product offers
for innovative nano-materials applications. This effort is led by ZEN's Ottawa-based Outreach Program Coordinator, Monique
Manaigre.
The market development work is being led by the Company's Head of Sales, Phil Chataigneau along with Research Catalyst, Colin
van der Kuur. Their combined efforts have led to the development of the 5 most significant potential graphene market verticals:
Aerospace Applications:
Graphene light-weighting, hydrogen applications, Lightning strike protection, composite enhancement, solid state heat sinks,
solid state wiring, leading edge/wing de-icing, ceramic armour, radar/sonar absorption, technical/smart fabrics, personal body
armour, Graphene Oxide (GO) in jet fuel, lighter cargo containers.
Biomedical Applications:
Oncology treatment using Graphene Quantum Dots (GQD) to deliver targeted therapies.
Diabetes, other standard diagnostic testing with Functionalized GO sensors.
Water Treatment:
Graphene based desalination membranes and other water purification products.
Transportation:
Applications with auto makers and resin manufacturers for: Heat Sinks & Light-weighting, Graphene wires for electric motors,
graphene 3-d printing apps to deliver weight savings, (GO) Fuel Additives (Diesel & Jet Fuel), Hydrogen Economy: Fuel Cells,
Electrolysis Units, Next-Generation Fuel Cells with graphene 3-D printed circuits and graphene plates.
Civil Engineering:
Graphene additive in cement/concrete.
Graphene in roads/surfacing products.
In recognition of the excellent progress made by the Company's market development team over the past six months, the Board of
Directors has approved the grant of 50,000 incentive stock options grant to each of these three individuals. These options will be
priced at $0.40 per share. One-third of the options vested on the date of their grant, one-third of the options will vest six
months following the date of grant and the balance will vest on the one-year anniversary of the date of grant. The options have a
term of two years and are subject in all respects to the terms of the Company's incentive stock option plan and the policies of the
TSX Venture Exchange.
For further information:
Dr. Francis Dubé, Co-CEO & Head of Business Development and Technology
Tel: +1 (289) 821-2820
Email: fdube@zenyatta.ca
About Zenyatta
Zenyatta's Albany Graphite Project hosts a large and unique quality deposit of highly crystalline graphite. Independent labs in
Japan, UK, Israel, USA and Canada have demonstrated that Zenyatta's Albany Graphite/Naturally PureTM easily converts
(exfoliates) to graphene using a variety of simple mechanical and chemical methods. The deposit is located in northern Ontario just
30km north of the Trans-Canada Highway, near the communities of Constance Lake First Nation and Hearst. Important nearby
infrastructure include hydro-power, natural gas pipeline, a rail line 50 km away and an all-weather road just 10 km from the
deposit.
To find out more on Zenyatta Ventures Ltd., please visit our website at www.zenyatta.ca. A
copy of this press release and all material documents with respect of the Company may be obtained on Zenyatta's SEDAR profile at
www.sedar.ca.
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain
forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk
factors that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This
news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such
as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are
based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and statements with respect to Zenyatta's future plans, objectives or
goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected uses for
graphite or graphene in the future, and the future uses of the graphite from Zenyatta's Albany deposit. Since forward-looking
statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of metallurgical processing, ongoing exploration, project
development, reclamation and capital costs of Zenyatta's mineral properties, and Zenyatta's financial condition and prospects,
could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to:
failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the inability to
identify target markets and satisfy the product criteria for such markets; the inability to complete a prefeasibility study; the
inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices;
delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry; and those risks set out in Zenyatta's public documents filed on
SEDAR. This list is not exhaustive of the factors that may affect any of Zenyatta's forward-looking statements. These and other
factors should be considered carefully and readers should not place undue reliance on Zenyatta's forward-looking statements.
Although Zenyatta believes that the assumptions and factors used in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release,
and no assurance can be given that such events will occur in the disclosed time frames or at all. Zenyatta disclaims any intention
or obligation to update or revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.