Director / PDMR Shareholding

Tickers: PINX:CANIF, XTSX:ZEE
Tags: Oil & Gas

TheNewswire / February 22, 2018 - Zenith Energy Ltd., ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that Mr. Andrea Cattaneo, Chief Executive Officer and President of the Company, has purchased a total of 325,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of ?0.068 per Common Share. Mr. Cattaneo purchased a total of 225,000 Common Shares on February 20, 2018. Today, Mr. Cattaneo has purchased a total of 100,000 Common Shares.

Following the aforementioned purchases, Mr. Cattaneo is directly beneficially interested in a total of 4,395,116 Common Shares in the capital of the Company, representing 2.77 per cent of the total issued and outstanding common share capital of the Company. As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.79 per cent of the Company's issued share capital.

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

E-mail: info@zenithenergy.ca

Tel: +1 (587) 315 9031

Beaufort Securities Limited - (Joint Broker)

Jon Belliss

Telephone: +44 (0) 207 382 8300

Daniel Stewart & Company Plc - (Joint Broker)

Robert Emmet- Corporate Broking

Nikhil Varghese- Corporate Finance

Telephone: + 44 (0) 207 776 6550

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

Telephone: + 44 (0) 203 328 5656

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