Press Release Source: ZENN Motor Company Inc. On Wednesday July 27, 2011, 5:00 pm EDT

TORONTO, ONTARIO--(Marketwire - July 27, 2011) - In accordance with the policies of the TSX Venture Exchange, ZENN Motor Company Inc. ("ZMC" or the "Company") (TSX VENTURE:ZNN - News) announced today that, subject to regulatory approval, the Company has agreed to issue 72,500 common shares at a deemed price of $1.16 per share to a former employee in settlement of a disputed obligation. The shares will be subject to a 4-month hold period.

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