Mr. Ryan Shacklock reports

ZENTEK LTD. REGAINS NASDAQ COMPLIANCE RE MINIMUM BID PRICE

On Dec. 3, 2024, Zentek Ltd. received a written notification from Nasdaq Stock Market LLC that the company has regained compliance with Nasdaq Listing Rule 5550(a)(2), as the minimum bid price of the company's common stock has been above $1 (U.S.) per share for the past 11 consecutive business days.

Nasdaq listing rules

Nasdaq Listing Rule 5550(a)(2) requires securities listed on the Nasdaq Capital Market to maintain a minimum bid price of $1 (U.S.) per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the company's shares for the past 11 consecutive business days, the company has met the minimum bid price requirement.

About Zentek Ltd.

Zentek is an ISO 13485:2016-certified intellectual property technology company focused on the research, development and commercialization of novel products seeking to give the company's commercial partners a competitive advantage by making their products better, safer and greener.

Zentek's patented technology platform, ZenGuard, is shown to have enhanced viral filtration efficiency for surgical masks and aims to do the same for HVAC (heating, ventilation and air conditioning) systems. Zentek's ZenGuard production facility is located in Guelph, Ont.

We seek Safe Harbor.