Zenyatta Announces Support from the Government of Canada

Zenyatta Ventures Ltd. (TSXV:ZEN) signed a contribution agreement with the National Research Council of Canada Industrial Research Assistance Program for technical advisory services and a financial contribution of up to $350,000 to help support the on-going metallurgical testing.

As quoted in the press release:

Zenyatta will receive technical advisory services and a financial contribution of up to $350,000 from NRC-IRAP to help support the on-going metallurgical testing at SGS Canada Inc., of two 5 tonne mini-bulk samples from the East and West graphite pipes of the 100 percent owned Albany (Hydrothermal) deposit located in northeastern Ontario, Canada.

Zenyatta President and CEO, Aubrey Eveleigh, said:

We are very pleased to receive recognition and support from the National Research Council of Canada Industrial Research Assistance Program. The Albany project has the potential to produce an ultra-high purity carbon product that could lead to high-tech, value-added business opportunities to emerge in Canada. This support by NRC-IRAP complements the various other initiatives the Company has underway in cooperation with academics / researchers at several universities to better understand the technical characteristics of the Albany graphite material. On behalf of our shareholders, I would like to thank NRC-IRAP for this important support in developing a unique graphite product targeting the cleantech sector.

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