Payment of 2024 multi-currency bond coupon

30 Jan 2023 15:30 CET

January 30, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Payment of 2024 multi-currency bond coupon

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue
generating production, exploration and development assets in Africa and Europe,
is pleased to announce that it has recently made coupon payments, in full and on
time, in respect of the following multi-currency Euro Medium Term Notes the
Company has issued on the Vienna MTF of the Vienna Stock Exchange:

· ZEEX 10.000 01/27/24 MTN XS2108546818 CHF
· ZEEX 10.125 01/27/24 MTN XS2108546735 EUR
· ZEEX 10.300 01/27/24 MTN XS2108546651 USD
· ZEEX 10.375 01/27/24 MTN XS2108546578 GBP

Further Information:

Zenith Energy Ltd

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

BlytheRay - Financial PR/IR

Tim Blythe, Megan Ray, Matt Bowld Tel: +44 207 138 3204
E: zenith@blytheray.com

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
production, exploration and development assets in Tunisia, Italy, and the
Republic of the Congo, including electricity generation in Italy. The Company is
listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext
Growth of the Oslo Stock Exchange (OSE: ZENA).

Zenith's strategic focus is on pursuing transformational opportunities in the
Middle East, Africa, and Europe 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
LinkedIn: https://bit.ly/3A5PRJb

More information:
Access the news on Oslo Bors NewsWeb site

580984_30.01.2023 Norway.pdf