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ZFR.V ·

Zephyr Minerals Grants Stock Options

Share Capital & Compensation

Zephyr Minerals Grants Stock Options

/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED

STATES OF AMERICA

/

Trading Symbols: TSX-V: ZFR OTC-ZPHYF

Shares Outstanding: 66,603,485

HALIFAX, NS

,

March 10, 2021

/CNW/ -

Zephyr Minerals Ltd.

("

Zephyr

" or the "

Company

")

(

TSXV: ZFR

) (

OTC: ZPHYF

), has granted 2,475,000 stock options to consultants and directors and

officers of the Company. The stock options are exercisable at a price of

$0.19

per share for a term

of five years expiring

March 9, 2026

. The options are granted in accordance with the Company's

stock option plan and as set forth by TSX Venture Exchange ("TSX-V") policy and are subject to the

approval of the TSX-V.

About Zephyr Minerals Ltd.

Zephyr Minerals Ltd. continues to advance its 100% owned high grade

Dawson-Green Mountain

property in

Colorado, USA

. After expanding it's land package to 1,385 hectares (3,574 acres) the

Company now controls a 12.2 km long

Dawson-Green Mountain

mineralized trend. The Company

believes the combined Dawson and Green Mountain sections encompassing approximately 9 km of

mineralized trend provide excellent mineral resource expansion potential.

CAUTIONARY STATEMENT:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

SOURCE

Zephyr Minerals Ltd.

View original content:

http://www.newswire.ca/en/releases/archive/March2021/10/c4771.html

%SEDAR: 00030509E

For further information:

David Felderhof, CFO & Director, (902) 446-4189,

[email protected]

CO: Zephyr Minerals Ltd.

CNW 09:10e 10-MAR-21