Issuance of the new series of EMTN 2022-26


May 16, 2022 
           
ZENITH ENERGY LTD.

("Zenith" or the "Company")

Issue of New Series of EMTN 2022-26

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed
international energy production and development company, is pleased to announce
that it has issued a new series of unsecured, multi-currency Euro Medium Term
Notes at par value (the "Notes"). 

The Notes have been issued as part of Zenith's existing EUR 25,000,000
multi-currency Euro Medium Term Notes Programme. 

The following Notes have been issued:

o	Series No.5: EUR 2,000,000 bearing an interest of 10.125 per cent per year.
ISIN: XS2478298909
o	Series No.6: GBP 2,000,000 bearing an interest of 10.50 per cent per year.
ISIN: XS2478299030
o	Series No.7: USD 2,000,000 bearing an interest of 10.375 per cent per year.
ISIN: XS2478299113

The Notes will mature on May 9, 2026. 

The Notes are governed by Austrian law and are not convertible into equity of
the Company. 

IMPORTANT NOTICE

This press release does not, and shall not, in any circumstances constitute a
public offering by ZENITH ENERGY LTD of the Notes nor an invitation to the
public in connection with any offer. No communication and no information in
respect of the issuance of the Notes may be distributed to the public in any
jurisdiction where a registration or approval is required. No steps have been or
will be taken in any jurisdiction where such steps would be required. The
offering or purchase of the Notes may be subject to specific legal or regulatory
restrictions in certain jurisdictions. ZENITH ENERGY LTD takes no responsibility
for any violation of any such restrictions by any person.
This press release is an advertisement and not a prospectus within the meaning
of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on the prospectus to be published when securities are offered to the
public or admitted to trading on a regulated market (the "Prospectus
Regulation").

The Notes will be offered on the basis of the base prospectus for the EUR
25,000,000 Euro Medium Term Note Program of ZENITH ENERGY LTD dated 4 March 2022
and its supplements, if any, which together constitute a base prospectus (the
"Base Prospectus") and the final terms prepared by the Issuer in connection with
the issuance of the respective Notes. A public offer of the Notes may take place
only in countries to which the Base Prospectus has been passported. The Base
Prospectus has been approved by the Austrian Financial Market Authority FMA and
passported to Germany, Italy, Luxembourg, France, Belgium, Netherlands, Spain,
Sweden, Ireland and Malta. The sales restrictions as described in the Base
Prospect shall apply.

This press release does not constitute an offer to sell or a solicitation of an
offer to purchase any securities in the United States. The Notes have not been
and will not be registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act") or the laws of any state within the U.S., and may not be
offered or sold in the United States or to or for the account or benefit of U.S.
Persons, except in a transaction not subject to, or pursuant to an applicable
exemption from, the registration requirements of the Securities Act or any state
securities laws. This press release and the information contained herein may not
be distributed or sent into the United States, or in any other jurisdiction in
which offers or sales of the Notes would be prohibited by applicable laws and
should not be distributed to United States persons or publications with a
general circulation in the United States. No offering of the Notes has been made
or will be made in the United States.

Further Information:

Zenith Energy Ltd  

Andrea Cattaneo, Chief Executive Officer	 
Tel: +1 (587) 315 1279
E:    [email protected]

Alternative Resource Capital - Broker  

Alex Wood
Keith Dowsing	 
Tel: +44 (0) 207 186 9004
Tel: + 44 (0) 207 186 9005

Notes to Editors:
                                           
Zenith Energy Ltd. is an international oil and gas production company, listed on
the London Stock Exchange Main Market (LSE:ZEN) and the Euronext Growth Market
of the Oslo Stock Exchange (OSE:ZENA).

Zenith's development strategy is to identify and rapidly complete
value-accretive hydrocarbon production opportunities in the oil & gas sector,
specifically in Africa.

Follow us on LinkedIn:  https://www.linkedin.com/company/zenith-energy-limited/

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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