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ZFR.V ·

Zephyr Announces Results of Annual and Special Meeting of Shareholders

Shareholder Meetings

Zephyr Announces Results of Annual and

Special Meeting of Shareholders

Halifax, Nova Scotia--(Newsfile Corp. - June 8, 2023) -

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

June 8, 2023 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. is conducting ongoing evaluations of gold properties for potential acquisition and/or

joint venture throughout Zimbabwe. The Company is concentrating on projects with obvious gold

potential as demonstrated through active, shallow, small scale mining operations or previous exploration

work and favorable geology. In addition, the property should be of sufficient areal extent to host a target

potential of at least one million ounces of gold. To this extent, the Company has signed multiple property

joint venture agreements and has applied for two Exclusive Prospecting Orders covering 124,000

hectares. The Company is also actively reviewing lithium opportunities generated through in house

research and property submittals by third parties. Zimbabwe boasts favorable foreign ownership rules

for mineral properties as well as prospective, underexplored Archean greenstone belts.

For further information please contact:

Loren Komperdo, President & CEO

or

Will Felderhof, Executive Chairman

T: 902 706-0222

[email protected]

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/169270