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Zephyr Announces Results of Annual and Special Meeting of Shareholders

Shareholder Meetings

ZEPHYR ANNOUNCES RESULTS OF ANNUAL

AND SPECIAL MEETING OF SHAREHOLDERS

HALIFAX, NS

,

May 27, 2022

/CNW/ -

Zephyr Minerals Ltd.

(TSXV: ZFR) ("

Zephyr

" or the

"

Company

") is pleased to announce that its shareholders voted in favour of all items of business

brought before them at the Company's Annual and Special Meeting of Shareholders ("AGM") held on

May 26, 2022

in

Halifax, Nova Scotia

.

The number of directors was set by the Company's board of directors ("Board") at six, with

Will

Felderhof

,

Loren Komperdo

,

David Felderhof

,

John Clark

,

Scott Rhodenizer

and

Ted Grant

elected

to the Company's Board for the ensuing year.

Following the AGM, the Board confirmed the appointment of Zephyr's executive officers, namely:

Executive Chairman –

Will Felderhof

; President and Chief Executive Officer –

Loren Komperdo

;

Executive Vice President and Chief Financial Officer –

David Felderhof

; and Corporate Secretary –

Suzan Frazer

.

Wasserman Ramsey

, Chartered Accountants was re-appointed as the Company's auditor to hold

office until the next annual meeting of shareholders or until its successor is duly appointed, at a

remuneration to be fixed by the Board.

Shareholders approved the renewal of the Company's 10% rolling incentive stock option plan in

accordance with the rules and policies of the TSX Venture Exchange ("TSX-V").

About Zephyr Minerals Ltd.

Zephyr Minerals Ltd. has applied for a mining permit at its 100% owned high grade Dawson-Green

Mountain property in

Colorado, USA

. After expanding its land package to 1,385 hectares (3,574

acres) the Company now controls a 12.2 kilometer long

Dawson Green Mountain

mineralized trend.

In addition to the Dawson-Green Mountain property, the Company has acquired two Special Blocks

in

Zimbabwe

and is assessing additional opportunities in

Zimbabwe

.

To be included in the Zephyr email database for Company updates please contact

[email protected]

.

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. The forward-looking statements contained in this document are based on certain key

expectations and assumptions made by the Company. The forward-looking statements contained

in this document are made as of the date hereof and the Company undertakes no obligation to

update publicly or revise any forward-looking statements or information, whether as a result of new

information, future events or otherwise, unless so required by applicable securities laws.

SOURCE

Zephyr Minerals Ltd.

View original content:

http://www.newswire.ca/en/releases/archive/May2022/27/c3476.html

%SEDAR: 00030509E

For further information:

Loren Komperdo, President & CEO or Will Felderhof, Executive Chairman,

T: 902 706-0222, [email protected]

CO: Zephyr Minerals Ltd.

CNW 08:10e 27-MAY-22