Zenith Energy

Environmental & Social Information • Aug 6, 2025

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Acquisition of Agrivoltaic Development Project in Lazio, Italy

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed interna7onal energy produc7on and development company, is pleased to announce the acquisi7on of a development-stage Agrivoltaic solar energy produc7on project in the region of Lazio, Italy (the "Acquisi:on"), by its whollyowned Italian subsidiary created to manage its solar energy porHolio, WESOLAR S.R.L. ("WESOLAR").

Acquisi:on Highlights

• The Acquisi7on will have an installed capacity of approximately 10 MWp.
• Agrivoltaic technology integrates agricultural ac7vi7es with solar energy produc7on, op7mising land use and suppor7ng sustainable agricultural prac7ces.
• The Company expects the Acquisi7on will achieve Ready-to-Build status within the next 12 months.
• The considera7on for the Acquisi7on is EUR 1,300,000, which includes the purchase of the land hos7ng the Acquisi7on, and will be payable condi7onal to the achievement of all the necessary permits for it to become 'Ready-to-Build'.

The Company's Solar Energy Portfolio now includes:

• Liguria Solar Asset: 0.5 MWp (Operational, currently producing at 0.2 MWp).
• Puglia Solar Asset: 3 MWp (Ready-to-Build).
• Agrivoltaic Project in Piedmont: 7 MWp (Development Stage).
• Agrivoltaic Development Project in Lazio: 10 MWp (Development Stage).

Andrea CaIaneo, Chief Execu:ve Officer, commented:

"We are pleased to announce the Acquisition—our largest to date. This milestone holds significant symbolic value because it marks the early achievement of our strategic goal of building a 20 MWp production capacity portfolio by the end of 2025.

Following the Acquisition, Zenith now holds a diversified portfolio of solar assets spanning operational, readyto-build, and development stages. Each project we pursue is subject to rigorous technical and legal due diligence, both before and after acquisition, ensuring there is exclusive focus solely on high-quality opportunities with a clear path to full permitting.

Looking ahead, we intend to leverage favourable financing options tailored to Italy's solar sector to accelerate our expansion and minimise equity dilution. Our strategic vision is clear: to acquire and develop promising solar projects across various stages, capitalising on advantageous market conditions to build a sustainable, revenue-generating portfolio with rapid investment recovery."

Further Informa:on:

Zenith Energy Ltd
Andrea Ca^aneo, Chief Execu7ve Officer	Tel: +1 (587) 315 1279
	E: info@zenithenergy.ca

Notes to Editors:

Zenith Energy Ltd. is a revenue genera7ng, independent energy company with energy produc7on, explora7on and development assets in North Africa, the US and Europe. 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 opportuni7es through the development of proven revenue genera7ng energy produc7on assets, as well as low-risk explora7on ac7vi7es in assets with exis7ng produc7on.

For more informa7on, please visit: www.zenithenergy.ca Twi^er: @zenithenergyltd LinkedIn: h^ps://bit.ly/3A5PRJb

Market Abuse Regulation (MAR) Disclosure

The information included in this announcement is defined as inside information pursuant to MAR article 7 and is publicly disclosed in accordance with MAR article 17 and section 5 -12 of the Norwegian Securities Trading Act. The announcement is made by the contact person.