Zenyatta Ventures Ltd. Initiates Marketing and Investor Relations Campaign

THUNDER BAY, ONTARIO--(Marketwire - March 14, 2013) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to announce that it has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations and marketing services. Brisco, a western Canadian firm founded by Scott Koyich, will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. The Calgary based firm takes a full service approach and provides creative, effective investor relations programs for Canadian public companies.

Aubrey Eveleigh, President and CEO stated, "I look forward to working with Brisco in raising the awareness and understanding of our unique graphite story to potential investors in Canada, United States and Europe. We are very pleased to have highly seasoned investor relations consultants in Scott Koyich and associates join the Zenyatta team during this exciting period of rapid growth." Eveleigh further stated, "This will be the start of an aggressive campaign for the Company that will continue for the remainder of the year."

The agreement is effective immediately and may be terminated by either party with 30 days written notice. Brisco will receive a monthly fee of $7,500 and is being granted 100,000 stock options. The options follow the guidelines as set out in the Company's stock option plan and as set by TSX Venture Exchange. The consulting agreement and the options granted thereby are subject to the approval of the TSX Venture Exchange.

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.