THUNDER BAY, ONTARIO--(Marketwired - April 8, 2013) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to announce that the Company has been awarded the "Bernie Schnieders, Discovery of the Year" for the Albany Graphite Deposit. The award was presented in Thunder Bay on April 2nd by the Northwest Ontario Prospectors Association (NWOPA) to recognize an exceptional discovery in Ontario during 2012.

Recently the TSX Venture Exchange announced the 2013 TSX Venture 50, which is a group of strong performing companies from the five following sectors: Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences. The 2013 TSX Venture 50 was determined based on equal weighting of the following measures: market capitalization growth, share price appreciation, trading volume and analyst coverage. The top performing company from the mining industry sector during 2012 is Zenyatta Ventures Ltd. Dr. John Morganti, an advisor to Zenyatta, accepted the award on behalf of the Company in Vancouver on April 4th.

"TSX Venture Exchange operates a platform that provides emerging companies with the opportunity to access the capital they need to meet their growth objectives. We are pleased to present the latest group of companies that have excelled in their sectors." - John McCoach, President, TSX Venture Exchange.

Aubrey Eveleigh, President and CEO stated "Both awards represent external recognition of the remarkable efforts from everyone on the ZEN team. The Company is very grateful to NWOPA and the TSX Venture Exchange for their acknowledgement of Zenyatta's success. The Albany Graphite deposit is a very exciting project and continues to exceed our expectations." Eveleigh further stated, "The Company must also acknowledge the contribution from Constance Lake First Nation, Cliffs Natural Resources, our shareholders, contractors/service companies and Lakehead University. With this extraordinary support the project has achieved incredible success."

To find out more on Zenyatta Ventures Ltd., please visit website www.zenyatta.ca.