Zenyatta Ventures Ltd. Clarifies Commentary Related to Recent Trading Activity

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN)(OTCQX:ZENYF)
has become aware of recent misleading and inaccurate commentary in the
marketplace regarding the Company's 100% owned Albany Graphite Deposit which has
negatively affected the share price. Although the Company would prefer to stay
focused on continued development of our exciting graphite project, we feel a
need, from time to time, to set the record straight from malicious attacks. 


Aubrey Eveleigh, President and CEO stated, "Zenyatta intends to vigorously
defend itself against negligent misrepresentation. Any unfounded and misleading
information about our Company will be pursued legally to protect the interests
of our shareholders and reputation of Zenyatta." 


Eveleigh further stated, "The Company has discovered a very unique (one of a
kind) hydrothermal graphite deposit that consists of two (2) large breccia
pipes. It is the largest and only known graphite deposit of this type under
development in the world. SGS Canada Inc. has conclusively demonstrated that an
ultra-high purity graphitic carbon (99.99% Cg) can be achieved from a simple and
relatively inexpensive caustic (NaOH) bake process. This is extraordinary in the
world of graphite upgrading given Zenyatta does not require the traditional and
expensive upgrading methods of aggressive acid and/or thermal treatment."


Zenyatta continues to explore its 100% owned Albany (Hydrothermal) Graphite
Deposit located in northern Ontario, Canada, and anticipates releasing
additional drill results and graphite characteristics in the near-term. A NI
43-101 resource estimate by RPA is in on track for early 4Q/13, and the Company
remains fully funded. A Preliminary Economic Assessment (PEA) is expected to be
concluded in 1Q/14. In preparation for a PEA, Roskill Information Services Ltd.
has been retained to undertake a detailed world graphite marketing study and SGS
Canada Inc. are to provide an optimized flow sheet after processing a 5 tonne
mini-bulk sample. 


Zenyatta's Albany graphite deposit is located 30km north of the Trans Canada
Highway, power line and natural gas pipeline near the communities of Constance
Lake First Nation and Hearst in northern Ontario, Canada. A rail line is located
70km away and an all-weather road approximately 4-5km from the graphite deposit.
The deposit is near surface, underneath glacial till overburden and a thin
veneer of Paleozoic sedimentary cover rocks.


The outlook for the global graphite market is very promising with demand growing
rapidly from new applications. It is now considered one of the more strategic
elements by many leading industrial nations, particularly for its growing
importance in high technology manufacturing and in the emerging "green"
industries such as electric vehicle components. The application for graphitic
material is constantly evolving due to its unique chemical, electrical and
thermal properties. It maintains its stability and strength under temperatures
in excess of 3,500 degrees C and is very resistant to chemical corrosion. It is
also one of the lightest of all reinforcing elements and has high natural
lubricating abilities. Some of these key physical and chemical properties make
it critical to modern industry.


Zenyatta reminds the investment community that all official information
regarding the Company must be derived solely from disclosure documents filed on
www.sedar.com, and on the Company's website, www.zenyatta.ca. All public
disclosures provided by Zenyatta are full, complete and accurate as required by
reporting standards. The Company further confirms that it is not aware of any
material undisclosed development or other reason for recent volatility in the
trading price of the Company's common shares. 


Mr. Aubrey Eveleigh, President & CEO of Zenyatta Ventures Ltd., is the
"Qualified Person" under National Instrument 43-101 and has reviewed and
approved the technical information contained in this news release. This news
release may contain forward looking information and Zenyatta Ventures Ltd.
cautions viewers that forward looking information is based on certain
assumptions and risk factors exist that could cause actual results to differ
materially from the expectations of Zenyatta Ventures Ltd. included in this news
release. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. This News Release includes certain
"forward-looking statements", which often, but not always, can be identified by
the use of words such as "believes", "anticipates", "expects", "estimates",
"may", "could", "would", "will", or "plan". These statements are based on
information currently available to Zenyatta and Zenyatta provides no assurance
that actual results will meet management's expectations. Forward-looking
statements include estimates and statements with respect to Zenyatta's future
plans, objectives or goals, to the effect that Zenyatta or management expects a
stated condition or result to occur, including this News Release. Since
forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of Zenyatta's
mineral properties, and Zenyatta's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with Zenyatta's activities; and other matters discussed in this
News Release and in filings made with securities regulators. This list is not
exhaustive of the factors that may affect any of Zenyatta's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on Zenyatta's forward-looking statements.
Zenyatta does not undertake to update any forward-looking statement that may be
made from time to time by Zenyatta or on its behalf, except in accordance with
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zenyatta Ventures Ltd.
807-346-1660
info@zenyatta.ca
www.zenyatta.ca
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