Under the agreement, NRC-IRAP will provide technical advisory services and a financial contribution of up to $350,000 to Zenyatta to help support the on-going metallurgical testing.

Currently, the metallurgical testing of two 5 tones of mini-bulk samples from the East and West graphite pipes of the Albany deposit, is on-going at SGS Canada.

Zenyatta Ventures president and CEO Aubrey Eveleigh said the support from the NRC-IRAP will complement the company’s various other initiatives which are currently underway in cooperation with academics/researchers at several universities to better understand the technical characteristics of the Albany graphite material.

"The Albany project has the potential to produce an ultra-high purity carbon product that could lead to high-tech, value-added business opportunities to emerge in Canada," Eveleigh added.

On behalf of our shareholders, I would like to thank NRC-IRAP for this important support in developing a unique graphite product targeting the cleantech sector."