Zenyatta Ventures Ltd.; Motion for Injunction by First Nation Community Adjourned to May 11

THUNDER BAY, ONTARIO--(Marketwire - May 2, 2011) -Zenyatta Ventures Ltd. (TSX VENTURE:ZEN) ("Zenyatta" or "Company") announces that the Motion for Injunction by Constance Lake First Nation ("CLFN") in Ontario Superior Court on Friday April 29 is adjourned until Wednesday May 11. In the meantime, the Judge has ordered that CLFN, Zenyatta and Ontario ("Crown") carry on further consultation while drilling continues on the current claim blocks.

Prior to commencing its drill program, Zenyatta had been engaged in consultative discussions and dialogue with CLFN for over a year regarding its planned exploration activities. The Company also delayed its winter drill program for numerous weeks while those discussions continued, with the objective of reaching a Memorandum of Understanding ("MOU") with CLFN. Zenyatta has been very proactive and cooperative during the consultation process and felt that we had developed a very respectful and trusting relationship with CLFN leadership. In fact, in mid-February, the Company felt it had already reached an agreement on a MOU with the Chief and Council.

CLFN is seeking injunctive and other relief against the Company and Crown regarding Zenyatta's current exploration activities and the Mining Act from Ontario Superior Court. Among other things, CLFN alleges that the defendants have failed to adequately consult and accommodate them in connection with Zenyatta's current mineral exploration activities. Zenyatta is undertaking a 20,000 metre drill program at the Albany Project near Hearst, Ontario. The Albany Project is within the asserted traditional territory of CLFN.

Zenyatta remains committed to on-going good faith dialogue with the Crown and CLFN respecting the community's concerns but will defend its rights and interests. The Company's Board and management are focused and committed to mineral exploration in Northern Ontario and have always accepted responsibility for developing and maintaining strong community relations.

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.