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Zenyatta Ventures; University Study Shows Positive Results from Graphite ...

01.01.70

Aubrey Eveleigh, President and CEO stated "Zenyatta management considers these latest results to be very important, especially the range in flake size, which includes the high value coarse flake. Coarse flake graphite is greater than 175 microns (or +80 mesh) in size. Flake size and purity are key parameters in establishing the potential value and marketability of any graphite product derived from the Albany Graphite Deposit. The Company is planning to conduct metallurgical testing of the graphite zones and carry out a more aggressive drilling campaign to determine the full extent of the deposit".

The mineralogical report was prepared by Dr. Andrew Conly, Ph.D. of Lakehead University Mineralogy and Experimental Laboratory ("LUMINX") in Thunder Bay, Ontario. The petrographic observations were from four samples of the graphite-rich breccia in zone #2 of drill hole Z11-4F1.

As previously announced in the Company's news release dated 19 January 2012, a recent drill hole on the Albany project testing a large airborne EM conductor measuring 1400 metres by 800 metres, intersected eight (8) separate and extensive graphite-rich breccia zones. The geophysical anomaly was explained by the conductive graphite matrix which is highly unusual in character and size. Core photos, section and maps can be seen on the website at www.zenyatta.ca and will also be available for viewing in the Core Shack at the PDAC on Sunday and Monday.

Source: MarketWatch (press release)