Zenyatta Receives Support from the Government of Canada for the Albany Graphite Deposit Pre-feasibility Metallurgical Testing Program Thunder Bay, ON 27 September 2016 Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV: ZEN) is pleased to announce the signing of a contribution agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Zenyatta will receive technical advisory services and a financial contribution of up to $350,000 from NRC-IRAP to support Zenyatta’s metallurgical program designed to provide data for the start of a pre-feasibility phase on its Albany graphite project as announced in the Company’s September 26, 2016 news release. Aubrey Eveleigh, President and CEO stated “We are very pleased to receive continued recognition and support from the National Research Council of Canada Industrial Research Assistance Program. This support by NRC-IRAP complements our various collaborative partnerships and allows us to produce larger market samples of high-purity graphite which will permit continued graphite and graphene application development. The Albany project has the potential to produce an ultra-high purity graphite product that could lead to high-tech, value-added business opportunities to emerge in Canada. On behalf of our shareholders, I would like to thank the Canadian Government for this important support in developing a one of a kind graphite product targeting the clean tech sector.” Zenyatta’s strategy is to continue development of the Albany Graphite deposit under a pre-feasibility and at the same time develop commercial applications with several collaborative partners. This includes the development of graphene infused concrete as described in our news release on September 8, 2016 as well as continued work on Li-on batteries, fuel cells and powder metallurgy through other global collaborations. Mr. Aubrey Eveleigh, P.Geo., Zenyatta’s President and CEO, is the “Qualified Person” for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information contained in this news release.