Zenith Energy Ltd. (“Zenith” or the “Company”) (LSE: ZEN; OSE: ZENA), the Africa focused energy production and development company, is pleased to announce that it has entered into a supplementary loan agreement with Winance, a company registered under the laws of the Cayman Islands with a single-family office based in Dubai (the “Lender”), for an additional amount of EUR 3 million (approximately £2.55 million or approximately NOK 31 million) (the “Loan Agreement”).