Zenith Energy

Interest Rate Update/Notice • Nov 9, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Payment of 2026 multi-currency bond coupon

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the interna=onal energy produc=on and development company, is pleased to announce that it has recently made coupon payments, in full and on =me, in respect of the following mul=-currency Euro Medium Term Notes the Company has issued on the Vienna MTF of the Vienna Stock Exchange:

• Zenith 10,125% EUR N.22-26/S5 (ISIN: XS2478298909)
• Zenith 10,5% GBP N.22-26/S6 (ISIN: XS2478299030)
• Zenith 10,375% USD N.22-26/S7 (ISIN: XS2478299113)

Further InformaMon:

Zenith Energy Ltd Andrea Caaaneo, Chief Execu=ve Officer	Tel: +1 (587) 315 1279 E: info@zenithenergy.ca
Allenby Capital Limited - Financial Adviser	Tel: + 44 (0) 203 328 5656
Nick Harriss
Daniel Dearden-Williams

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in North Africa and Europe, including electricity generation in Italy. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the Venture Market of the OTCQB (OTCQB: ZENAF).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit: www.zenithenergy.ca Twitter: @zenithenergyltd LinkedIn: https://bit.ly/3A5PRJb