Leopard Energy Inc (LEEN)

[Mr. Zen]

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Publication of Half-Year Results

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the listed international energy production and development company with a focus on opportunities in Central Asia and the USA, is pleased to publish its consolidated half-yearly unaudited financial results for the six months ended September 30, 2023 (the "Interim Results").

The Interim Results will shortly be published on the Company's website (www.zenithenergy.ca) and filed on the FCA National Storage Mechanism.

A copy of the Interim Results can be viewed in full here:

http://www.rns-pdf.londonstockexchange.com/rns/2343Y_1-2023-12-29.pdf

Highlights

Highlights for the six months ended September 30, 2023, include the following:

· The Group generated revenues from oil and natural gas of CAD$1,362k (2022 - CAD$11,571k).

· During the six months ended September 30, 2023, the Company produced 1,789 barrels of oil from its Tunisian assets (2022 - 90,591 barrels)

· During the six months ended September 30, 2023, the Company sold Nil barrels of oil produced from its Tunisian assets (2022 - 79,223 barrels)

· During the six months ended September 30, 2023, the Company sold 4,350 MWh of electricity produced from its Italian assets (2022 - 5,309 MWh).

· During the six months ended September 30, 2023, the Company sold 5,190 mcf of natural gas produced from its Italian assets (2022 - 5,623 mcf).

· During the six months ended September 30, 2023, the Company sold 120 barrels of condensate produced from its Italian assets (2022 - 173).