Change of Auditor & Notice of AGM

10 Mar 2023 17:15 CET

March 10, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Change of Auditor & Notice of AGM

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven
revenue generating production, exploration and development assets in Africa, the
Middle East and Europe, is pleased to announce that, following a competitive
tender process, it has appointed RPG Crouch Chapman LLP (“RPG”) as its new
independent external auditor with immediate effect.

The Company's former auditor, Jeffreys Henry LLP, has resigned following a
decision to cease acting as auditor for "Public Interest Entities" (a definition
that includes all companies on the UK Official List) and has confirmed that it
has no matters which it considers should be brought to the attention of the
Company's members or creditors in accordance with Section 519 of the Companies
Act 2006.

The appointment of RPG will be presented for shareholder approval at the
Company's next Annual General Meeting.

Notice of AGM

The Company is pleased to confirm that its Annual General Meeting and Special
Meeting ("AGM") will be held at the offices of McCarthy Tétrault LLP located at
Suite 4000, 421 - 7th Avenue SW, Calgary, AB T2P 4K9 on Friday, April 14, 2023,
at 12:00 pm (MST).

The Information Circular and Proxy Voting Form are attached to this regulatory
news announcement for review and will also shortly be made available for
download on the Company’s website (www.zenithenergy.ca).

Among the resolutions presented at the Annual General Meeting will be a change
in the number of issued and outstanding common shares ("Common Shares") of the
Company by consolidating such issued and outstanding Common Shares on the basis
of one (1) post-consolidation Common Share for each 10 existing Common Shares
(the "Consolidation"). The Company will issue a separate regulatory news
announcement with key information regarding the Consolidation as soon as the
relevant dates have been fixed.

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 in Africa, the Middle East and
Europe, 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

584957_Zenith 2023 Information Circular.pdf
584957_Proxy Voting Form 2023.pdf
584957_10.03.2023 Norway .pdf