September 14, 2021 
       
ZENITH ENERGY LTD.

("Zenith" or the "Company")

Credit Rating Upgrade

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed
international oil & gas production company focused on pursuing African
development opportunities, is pleased to announce that BCRA Credit Rating Agency
AD ("BCRA") has upgraded Zenith's long-term debt issuer credit rating to 'B-
with Positive Outlook'.

BCRA is an independent credit rating agency operating since 2003. The Financial
Supervision Commission ("FSC") and European Securities and Markets Authority
("ESMA") have fully registered BCRA in accordance with Regulation (EC) No.
1060/2009 of the European Parliament and of the Council on credit rating
agencies. 

The BCRA report can be viewed here:
https://www.bcra-bg.com/en/ratings/zenith-energy-rating

Further Information:

Zenith Energy Ltd 	 
Andrea Cattaneo, Chief Executive Officer	Tel: +1 (587) 315 9031
 	E-mail: info@zenithenergy.ca

Allenby Capital Limited - Financial Adviser & Broker	 
Nick Harriss
Nick Athanas	Tel: + 44 (0) 203 328 5656
 
 
Notes to Editors: 

Zenith Energy Ltd. is an international oil and gas production company, listed on
the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo
Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize value-accretive
hydrocarbon production opportunities in the oil & gas sector, specifically in
Africa.

Click here for more information

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