Zenyatta Ventures Ltd.

Zenyatta Ventures Ltd.

January 30, 2012 18:00 ET

Zenyatta Ventures Ltd.-Change in Management

THUNDER BAY, ONTARIO--(Marketwire - Jan. 30, 2012) - Zenyatta Ventures Ltd. ("Zenyatta" or the "Company") (TSX VENTURE:ZEN) announces that pursuant to a Professional Services Agreement Mr. Robert D. Stewart's term as Vice President Exploration has ended effective January 1, 2012. While Mr. Stewart may be engaged by the Company on an ad hoc basis in the future, the oversight of the Company's exploration program on its Albany Project will be continued by Mr. Aubrey Eveleigh (P.Geo.), the Company's President and Chief Executive Officer.

The Company wishes to thank Mr. Stewart for his services as an Officer of the Company and looks forward to a continued relationship on an ad hoc basis.

To find out more on Zenyatta Ventures Ltd. and its Albany Project, please visit website www.zenyatta.ca.

This news release may contain forward-looking statements and is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the Company's forward-looking statements and expectations. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Neither the 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 news release.

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