Zenith Exploration Inc. Announces Results of Annual General and Special Meeting and Provides an Update Regarding the Plan of Arrangement

Zenith Exploration Inc.

Suite 1080, 789 West Pender Street

Vancouver, BC V6C 1H2

NEWS RELEASE

ZENITH EXPLORATION INC. ANNOUNCES RESULTS OF ANNUAL GENERAL AND

SPECIAL MEETING AND PROVIDES AN UPDATE REGARDING THE PLAN OF

ARRANGEMENT

Vancouver, BC – August 14, 2019 – Zenith Exploration Inc. (CSE: “ZX”) (“Zenith” or the “Company”) is pleased

to announce the results of its annual general and special meeting (the “ Meeting”) of the shareholders (the

“Zenith Shareholders”) of common shares, held on August 13, 2019 to consider and vote on, among other

things, the plan of arrangement (the “Arrangement”), previously announced on May 28, 2019.

Approval of the Arrangement

Zenith shareholders approved by a special resolution the Arrangement under Division 5 of Part 9 of the

Business Corporations Act (British Columbia) between the Company, the shareholders of the Company and the

Company’s wholly -owned subsidiar ies High Point Exploration Inc. (“High Point ”) and Top Exploration Inc.

(“Top Exploration”). 90.63% of the common shares of the Company were voted at the Meeting. 100% of

those shares that voted at the Meeting, voted in favour of the Arrangement.

Update on Timing of Completion of the Arrangement

The Arrangement is subject to the receipt of a final court order of the Supreme Court of British Columbia,

which is expected to be sought on August 19, 2019.

If the Supreme Court of British Columbia approves the Arrangement, the Company will proceed with the

completion of the Arrangement. On the completion of the Arran gement, each Zenith Shareholder will

continue to be a shareholder of the Company and each Zenith Shareholder as of the share distribution record

date will receive one common share in each subsidiary with respect to every five Zenith common shares. The

share distribution record date will be announced in advance by a separate news release. High Point and Top

Exploration will become reporting issuers in British Columbia, Alberta and Ontario.

Details of the Arrangement are set out in the management information circular of the Company dated July 9,

2019 (the “ Circular”) which was mailed to the shareholders of the Company and is available under the

Company’s corporate profile on SEDAR (www.sedard.com).

Vote Results on Other Matters

Other matters before the Meeting are described more fully in the Circular. Zenith Shareholders voted to fix

the number of directors at four and to appoint Adam Sung Kim Ltd., Chartered Professional Accountants ,

Chartered Pro fessional Accountants as auditors of the Company for the ensuing year. Brent Hahn , Barry

Hartley, Jesse Hahn and James McCrea were re-elected to the board of directors of the Company.

On Behalf of the Board of Directors

ZENITH EXPLORATION INC.

Brent Hahn

Chief Executive Officer

Telephone: 604-428-7050

Zenith Exploration Inc.

News Release – August 14, 2019 Page 2 of 2

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 includ e 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 development of the business. The forwa rd-

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 based are reasonable, undue relia nce 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.