Zenyatta Ventures Ltd.: Former ConocoPhillips Manager of Graphite Materials Joins ZEN Team as VP Market Development

Zenyatta Ventures Ltd.: Former ConocoPhillips Manager of Graphite Materials 
Joins ZEN Team as VP Market Development 
THUNDER BAY, ONTARIO -- (Marketwired) -- 11/19/13 -- Zenyatta
Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased
to announce the appointment of Dr. Bharat Chahar to position of VP
Market Development with responsibility for advancing marketing
opportunities for the unique High Purity graphite products from the
Company's 100 percent owned Albany Deposit located in northeastern
Ontario, Canada.  
Bharat Chahar, Ph.D. is a chemical engineer with more than 30 years
of carbon research and development experience with ConocoPhillips
based in Houston, Texas. Dr. Chahar obtained a B.Tech. (Chemical
Engineering) from Indian Institute of Technology at Delhi, INDIA; a
M.Sc. (Chemical Engineering) from University of Alberta, Edmonton,
CANADA and a Ph.D. (Chemical Engineering) from Rice University,
Houston, Texas, USA.  
From 2002 to 2013 Dr. Chahar was Global Marketing and Product Manager
for CPREME(R) Graphite Materials at ConocoPhillips and Phillips 66.
He led the creation and development of this new business to produce
and supply graphite anode material for Lithium-ion batteries. At the
time, CPREME(R) graphite was the largest North American based
supplier of anode materials for Lithium-ion batteries with customers
across the three major continents - North America, Europe and Asia.
As the leader of this business since its inception, he was
responsible for all aspects of starting this endeavor including
strategic direction for marketing, sales, research & development,
intellectual property and manufacturing scale-up. The CPREME(R)
graphite anode material was considered the benchmark by leading
manufacturers in the Lithium-ion batteries for high power batteries
such as those needed for the automotive market. The CPREME(R)
graphite business was able to achieve the premier status in the
industry despite the fact that the Lithium-ion battery manufacturers
and their suppliers were largely based in Asia and ConocoPhillips had
no market presence until 2006.  
From 1998 to 2002 Dr. Chahar was Manager of Carbon Business and
Director of Carbon Products Development at CONOCO Inc. This position
focused on Conoco's efforts to develop new carbon products and manage
development of heavy oil upgrading technologies. In this assignment,
he was responsible for developing and implementing strategy for
growing Conoco's new carbon product portfolio and extending carbon
At the Carbon Products Development group he was responsible for
providing technology support for the Global Specialty Coke business
and developing new carbon products. The group consisted of about 25
scientists and technicians with variety of backgrounds. He also
worked with the Carbon Fibers Business team to find synergistic
opportunities to market fibers with other carbon products. Dr. Chahar
also led the effort to evaluate and recommend steps to successfully
commercialize a new upgrading technology at Conoco's joint venture in
Venezuela. He also led efforts to develop strategic enterprises in
the areas of Hydrocarbon Processing and Heavy Oil Technologies
encompassing both Upstream and Downstream aspects of the heavy oil
Phillips 66 (formerly ConocoPhillips and Conoco) is the largest
global producer of petroleum needle coke and is the only manufacturer
with two production facilities; a plant in South Killingholme, UK and
a plant in Lake Charles, Louisiana, USA. Phillips 66's two plants
represent the majority of world petroleum needle coke capacity which
is used to make ultra-high purity synthetic graphite for various
Dr. Bharat Chahar will continue to be based in Houston, Texas and
will manage further testing of the unique Albany graphite material
and characterize it for various high value applications. He will
develop the value proposition for these applications based on a
cost-benefit analysis and continue downstream processing needed to
realize the value. Dr. Chahar will continue discussions with
interested parties and develop new relationships with downstream
companies to create appeal for the ultra-high purity material while
the graphite deposit is being developed. He will also oversee global
efforts in strategic marketing and new product development. 
Dr. Bharat Chahar stated, "Having carefully reviewed the Albany
graphite data available, I am convinced that Zenyatta has a resource
with excellent potential for high value carbon applications. It is a
special natural graphite deposit unlike any other that I've seen in
the industry. I am thrilled and excited to be part of a top-notch ZEN
team to help bring this unique graphite product to the market. In my
experience, if you offer a better product with an obvious advantage,
the world will beat a path to your door." 
The world trend is to develop products for technological applications
that need extraordinary performance using ultra-high purity graphite
powder at an affordable cost. High purity is gaining prominence at a
time when Zenyatta discovered a very rare (hydrothermal) graphite
deposit, which can be upgraded to 99.99% carbon with very good
crystallinity without the use of aggressive acids and high thermal
Aubrey Eveleigh, President and CEO stated, "We are very pleased to
attract a professional of Bharat's caliber and global graphite
network to our existing management team. Dr. Chahar is a
business-savvy individual with a strong technology background and a
passion for materials and specialty products. He is very familiar
with end use applications for high purity graphite in the cleantech
sector and will be instrumental during ongoing discussions with end
users. His qualifications and experience are very impressive and will
be invaluable to Zenyatta as we advance our ultra-high purity carbon
product for potential use in high-tech applications." 
Zenyatta continues to develop its Albany (Hydrothermal) Graphite
Deposit located in northeastern Ontario, Canada. The Company's
graphite deposit is located 30km north of the Trans-Canada Highway,
power line and natural gas pipeline near the communities of Constance
Lake First Nation and Hearst. A rail line is located 70 km away with
an all-weather road approximately 4-5 km from the graphite deposit.
The deposit is near surface, underneath glacial till overburden and a
thin veneer of Paleozoic sedimentary cover rocks. 
The outlook for the global graphite market is very promising with
demand growing rapidly from new applications. It is now considered
one of the more strategic elements by many leading industrial
nations, particularly for its growing importance in high technology
manufacturing and in the emerging "green" industries such as electric
vehicle components. The application for graphitic material is
constantly evolving due to its unique chemical, electrical and
thermal properties. It maintains its stability and strength under
temperatures in excess of 3,300 degrees C and is very resistant to
chemical corrosion. It is also one of the lightest of all reinforcing
elements and has high natural lubricating abilities. Some of these
key physical and chemical properties make it critical to modern
The Company also announces the grant of 200,000 stock options to Dr.
Bharat Chahar pursuant to the terms of the Stock Option Plan. The
options are exercisable at a price of $2.87 per share for a period of
2 years from the date of grant.
Mr. Aubrey Eveleigh, P.Geo., Zenyatta's President and CEO, is the
"Qualified Person" under National Instrument 43-101 and has reviewed
and approved the technical information contained in this news
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 may contain forward looking information and
Zenyatta cautions readers that forward looking information is based
on certain assumptions and risk factors exist that could cause actual
results to differ materially from the expectations of Zenyatta
included in this news release. This news release includes certain
"forward-looking statements", which often, but not always, can be
identified by the use of words such as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan".
These statements are based on information currently available to
Zenyatta and Zenyatta provides no assurance that actual results will
meet management's expectations. Forward-looking statements include
estimates and statements with respect to Zenyatta's future plans,
objectives or goals, to the effect that Zenyatta or management
expects a stated condition or result to occur, including the expected
timing for release of sample analyses and a resource estimate, the
expected uses for graphite in the future, and the future uses of the
graphite from Zenyatta's Albany deposit. 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 Zenyatta's mineral properties, and Zenyatta'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 Zenyatta's activities; and other
matters discussed in this news release and in filings made with
securities regulators. This list is not exhaustive of the factors
that may affect any of Zenyatta's forward-looking statements. These
and other factors should be considered carefully and readers should
not place undue reliance on Zenyatta's forward-looking statements.
Zenyatta does not undertake to update any forward-looking statement
that may be made from time to time by Zenyatta or on its behalf,
except in accordance with applicable securities laws.
Zenyatta Ventures Ltd.
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