Zenyatta; Experienced Mining Industry Veteran, Kenneth Stowe, Joins Board of Directors

THUNDER BAY, ONTARIO--(Marketwired - Aug 11, 2014) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN)(OTCQX:ZENYF) is pleased to announce the appointment of Kenneth Stowe to the Board of Directors of Zenyatta. Mr. Stowe, a well-respected mining industry veteran with over 35 years of experience, obtained a mining engineering degree (B.Sc. & M.Sc.) from Queen's University.

Ken was President and CEO of Northgate Minerals Corp. from 2001 until his retirement in 2011. He spent the initial 21 years of his career with Noranda Inc. in various corporate, operational, research and development roles. He has also held senior positions at Diamond Fields Resources Inc. and Westmin Resources Limited. In 2006 Ken received the prestigious award of Canadian Mineral Processor of the Year which recognizes an individual with great accomplishments and contributions in the field of mineral processing.

Mr. Stowe previously served as VP, Technology at Diamond Fields Resources, overseeing the feasibility study of the Voisey's Bay nickel-copper deposit. Upon Voisey's Bay's acquisition by Inco, Mr. Stowe joined Westmin Resources as VP, Operations to startup the Lomas Bayas copper mine in Chile. He then joined Northgate and successfully turned around the struggling Kemess South copper-gold mine. Mr. Stowe led Kemess South to become one of the lowest cost gold mines in the world. Currently Ken is a Director of Hudbay Minerals and Alamos Gold.

Aubrey Eveleigh, President & CEO of Zenyatta commented, "We are very pleased to add a highly respected and accomplished mining executive of Ken Stowe's caliber to Zenyatta's Board. Ken is a creative leader with vision, backed by deep technical knowledge and hands-on experience. He will add considerable strength to our Board as we transition through metallurgical testing and a PEA to prepare for upcoming feasibility studies. The Company is fortunate to attract and include Ken in an existing, strong team of credible Directors, management and advisors. Mr. Stowe, who has a considerable network in the industry, will assist us in our efforts to meet business objectives and continually grow Zenyatta."

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 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 preliminary economic assessment, 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, metallurgical processing, 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.