reserved for synthetic graphite. To date, Albany is the largest and only known global deposit within the rare igneous-hosted, hydrothermal (“vein”) subclass of graphite deposits to be in development.

The Company’s graphite deposit is located 30 km 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. Local resources and businesses essential to exploration activities (e.g. accommodation, medical services, equipment and supply stores, and transportation services) are also readily available. The deposit is near surface, beneath glacial till overburden and a thin veneer of Paleozoic sedimentary cover rocks.

High-purity graphite is gaining prominence at a time when Zenyatta discovered a very rare (hydrothermal) graphite deposit; this high crystallinity graphite can be upgraded without the use of aggressive acid (HF) or high temperature thermal treatment. Zenyatta has developed an environmentally friendly metallurgical process flowsheet that consists of grinding, flotation and caustic treatment using sodium hydroxide. The company has been able to achieve an “extraordinary” carbon purity result of >99.9 percent in bench-scale tests, using this proprietary and environmentally friendly purification process.