Zentek makes changes to website amid OSC review

2023-03-03 16:11 ET - News Release

Mr. Mitch Swergold reports

ZENTEK CLARIFIES CERTAIN DISCLOSURE

Pursuant to a review by the Ontario Securities Commission (OSC) of Zentek Ltd.'s continuous disclosure, at the OSC's request, the company has removed from its website reference to the material resource estimate for the Albany graphite deposit because the technical report entitled "Technical Report on the Preliminary Economic Assessment of the Albany Graphite Project, Northern Ontario, Canada" dated July 9, 2015, contains an economic analysis that is no longer reliable and can no longer be classified as current. Additionally, the company has revised a corporate presentation on its website to: (i) remove statements related to the Albany graphite deposit that can no longer be supported; (ii) remove disclosure of potential international partnerships unless and until any such partnerships are publically announced; and (iii) address certain material factors and assumptions used to develop forward-looking information. The company has also filed on SEDAR, as a material contract, a reciprocal supply agreement with Ekomed Global Inc., which, as a material contract, was due to be filed no later than the date of filing of the company's annual information form.

About Zentek Ltd.

Zentek is an intellectual property development and commercialization company focused on the research, development and commercialization of novel products using graphene and nanomaterials for use in the health care industry and beyond.

Zentek's patented ZenGuard coating is shown to have 99-per-cent anti-microbial activity and to significantly increase the bacterial and viral filtration efficiency of both surgical masks and HVAC (heating, ventilation, air conditioning) systems. Zentek's ZenGuard production facility is in Guelph, Ont.

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