September 29, 2023             

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Total Voting Rights

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, announces that the Company's issued share capital as at the date of this announcement that are admitted to the standard segment of the FCA Official List and to trading on the Main Market of the London Stock Exchange comprises 191,994,934 common shares of no par value ("Common Shares"), each with one voting right per share.

The Company does not hold any shares in treasury and therefore the total number of Common Shares with voting rights in the Company that are admitted to the standard segment of the FCA Official List and to trading on the Main Market of the London Stock Exchange is 191,994,934.  

The above figure of 191,994,934 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to, their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company is admitted to trading on both the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA). The number of Common Shares admitted to trading on the Euronext Growth of the Oslo Stock Exchange is 231,030,237 and comprises the total number of the Common Shares in issue. 

The Company will seek to admit the remaining Common Shares not yet admitted to the standard segment of the FCA Official List and to trading on the Main Market of the London Stock Exchange within 12 months of their issue.

The SEDOL for the Common Shares that are admitted to the standard segment of the FCA Official List and to trading on the Main Market of the London Stock Exchange is BMCS6B8, while the previously reported (September 25, 2023) SEDOL relates to those which are not admitted (BMCMN86).

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Notes to Editors:  

Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in North Africa 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 development opportunities 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