Zenith Exploration Announces Plan of Arrangement
Zenith Exploration Inc.
Suite 1080, 789 West Pender Street
Vancouver, BC V6C 1H2
NEWS RELEASE
ZENITH EXPLORATION ANNOUNCES PLAN OF ARRANGEMENT
Vancouver, BC – May 28, 2019 – Zenith Exploration Inc. (CSE: “ ZX”) (“Zenith” or the “Company”) is pleased
to announce a plan of arrangement with its two subsidiaries, High Point Exploration Inc. and Top Exploration
Inc.
The Company has entered into the arrangement agreement and the plan of arrangement among Zenith
Exploration Inc., High Point Exploration Inc. and Top Exploration Inc. dated May 28, 2019 (the “Arrangement).
Pursuant to the Arrangement, the Company will transfer its Mantle Property to High Point Exploration Inc. and
its Golden Girl Property to Top Exploration Inc.
The Mantle Property is located in the Skeena Mining Division in British Columbia and consists of the following
mineral claims:
Tenure Name Record Number Area: hectares
(Acres)
Record Date Expiry Date
MANTLE 1 1040280 360.05
(889.32)
December 1, 2015 June 19, 2022
MANTLE 2 1040285 303.08
(748.61)
December 1, 2015 June 19, 2022
MANTLE 3 1042507 170.49
(421.11)
March 2, 2016 June 19, 2022
MANTLE 4 1042508 151.64
(374.55)
March 2, 2016 June 19, 2022
TOTAL AREA 985.26
(2,433.59)
The Golden Girl Property is located in Omenica Mining Division in British Columbia and consists of the following
mineral claims:
Tenure Name Record Number Area: hectares
(Acres)
Record Date Expiry Date
GOLDEN GIRL 1 1032630 273.691
(676.02)
December 9, 2014 February 15, 2022
GOLDEN GIRL 2 1033582 182.414
(450.56)
January 22, 2015 February 15, 2022
GOLDEN GIRL 3 1033583 91.236
(225.35)
January 22, 2015 February 15, 2022
GOLDEN GIRL 4 1033584 146.012
(360.65)
January 22, 2015 February 15, 2022
TOTAL AREA 693.353
(1,712.58)
January 22, 2015 February 15, 2022
Zenith Exploration Inc.
News Release – May 28, 2019 Page 2 of 2
The Company will concentrate its exploration efforts on the Scotch Creek Property, which is the main property
of the Company.
The Arrangement is subject to the approval by the shareholders of the Company and the Supreme Court of
British Columbia.
If approved, the Arrangement will result in the shareholders of the Company receiving one common share in
each subsidiary with respect to every five common shares of the Company as of the share distribution record
date, which will be determined by the board of directors of the Company and announced by way of a separate
news release. There will be no change in the shareholders’ holdings in the Company as a result of the
Arrangement. No outstanding warrants or options of the Company will be transferred over to the subsidiaries.
Upon completion of the Arrangement, the two subsidiaries will become reporting issuers in British Columbia,
Alberta and Ontario.
Full details of the proposed Arrangement will be provided in a Management Information Circular that will be
mailed to the shareholders of the Company. The Arrangement will be available on www.sedar.com under the
profile of the Company.
On Behalf of the Board of Directors
ZENITH EXPLORATION INC.
Brent Hahn
Chief Executive Officer
Telephone: 604-428-7050
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
FORWARD LOOKING STATEMENT This press release may include forward -looking information within the
meaning of Canadian securities legislation, concerning the business and trading in the common stock of Zenith
Exploration Inc., the raising of additional capital and the future developme nt of the business. The forward -
looking information is based on certain key expectations and assumptions made by the company's
management. Although the Company believes that the expectations and assumptions on which such forward-
looking information is base d are reasonable, undue reliance should not be placed on the forward -looking
information because the Company can give no assurance that they will prove to be correct. These forward -
looking statements are made as of the date of this press release and Zenith disclaims any intent or obligation
to update publicly any forward-looking information, whether as a result of new information, future events or
results or otherwise, other than as required by applicable securities laws.