Zenyatta Awarded Top Performing Company on TSX Venture (Mining) for Second Consecutive Year

THUNDER BAY, ONTARIO--(Marketwired - Feb. 12, 2014) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to announce that the Company has been awarded the Top Performing Company on the TSX Venture in the Mining Industry Sector for 2013. Zenyatta won the award for Top Performer in 2012 as well.

The TSX Venture Exchange announced today the 2014 TSX Venture 50, which is a group of strong performing companies from the five following sectors: Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences. The 2014 TSX Venture 50 was determined based on equal weighting of the following measures: market capitalization growth, share price appreciation, trading volume and analyst coverage.

"TSX Venture Exchange provides a unique venue for small-cap, early-stage companies to access the capital they need to launch or expand - a market opportunity that is unparalleled globally," said John McCoach, President, TSX Venture Exchange. "We are delighted to recognize the success of these companies."

Aubrey Eveleigh, President and CEO stated "This award represents external recognition of the remarkable efforts from everyone on the ZEN team. The Company is very grateful to the TSX Venture Exchange for their acknowledgement of another successful year. The Albany Graphite deposit is a very exciting, one of a kind project that continues to exceed our expectations." Eveleigh further stated, "The Company must also acknowledge the contribution from Constance Lake First Nation, National Research Council, our shareholders, contractors/service companies and Lakehead University. With this extraordinary support the project has achieved incredible success."

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". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "should" or "plan". 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 the Company's mineral properties, and the Company'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 the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.