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Zenyatta Ventures Awarded Discovery of the Year in Ontario and Accepts Award for Top Performing Company on the TSX Venture

8 April 2013

Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV: ZEN) is pleased to announce that the Company has been awarded the "Bernie Schnieders, Discovery of the Year" for the Albany Graphite Deposit. The award was presented in Thunder Bay on April 2nd by the Northwest Ontario Prospectors Association (NWOPA) to recognize an exceptional discovery in Ontario during 2012.

Recently the TSX Venture Exchange announced the 2013 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 2013 TSX Venture 50 was determined based on equal weighting of the following measures: market capitalization growth, share price appreciation, trading volume and analyst coverage. The top performing company from the mining industry sector during 2012 is Zenyatta Ventures Ltd.  Dr. John Morganti, an advisor to Zenyatta, accepted the award on behalf of the Company in Vancouver on April 4th. “TSX Venture Exchange operates a platform that provides emerging companies with the opportunity to access the capital they need to meet their growth objectives. We are pleased to present the latest group of companies that have excelled in their sectors.” - John McCoach, President, TSX Venture Exchange Aubrey Eveleigh, President and CEO stated "Both awards represent external recognition of the remarkable efforts from everyone on the ZEN team.  The Company is very grateful to NWOPA and the TSX Venture Exchange for their acknowledgement of Zenyatta’s success.  The Albany Graphite deposit is a very exciting project and continues to exceed our expectations."  Eveleigh further stated, “The Company must also acknowledge the contribution from Constance Lake First Nation, Cliffs Natural Resources, our shareholders, contractors/service companies and Lakehead University. With this extraordinary support the project has achieved incredible success.”

To find out more on Zenyatta Ventures Ltd., please visit website or contact the Company at or Tel. 807-346-1660.  

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