ZEPHYR ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS & GRANTS STOCK OPTIONS HALIFAX, Nova Scotia – May 21, 2 026 - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC: ZPHYF) (“Zephyr” or the “Company”) announced today that its shareholders voted in favour of all items of
NEWS RELEASE
May 21, 2026 Shares Outstanding: 93,286,985
NR#06-2026 TSX.V: ZFR; OTC: ZPHYF
ZEPHYR ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF
SHAREHOLDERS & GRANTS STOCK OPTIONS
HALIFAX, Nova Scotia – May 21, 2 026 - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC: ZPHYF)
(“Zephyr” or the “Company”) announced today 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 20, 2026 in Halifax, Nova Scotia.
The number of directors was set by the Company’s board of directors ( the “Board”) at seven, with
Will Felderhof, Loren Komperdo, David Felderhof, Brian Arkell, John Clark, Ted Grant and Scott
Rhodenizer elected to the Board for the ensuing year.
The Company further announces that, effective following the AGM, Will Felderhof will transition
from Executive Chairman to Non-Executive Chairman. The Board also confirmed the appointments
of Loren Komperdo as President and Chief Executive Officer , and David Felderhof as Chief
Financial Officer, Executive Vice President and Corporate Secretary.
Davidson & Company LLP, Chartered Professional Accountants was reappointed as the
Company’s auditor to serve until the next annual meeting of shareholders or until its successor is
appointed, with remuneration to be fixed by the Board.
Shareholders also approved the renewal of the Company’s 10% rolling stock option plan in
accordance with the policies of the TSX Venture Exchange (“TSX-V”).
The Company has granted an aggregate of 3,150,000 stock options to directors and officers of the
Company. The stock options are exercisable at a price of $0.0 8 per common share for a period of
five years , expiring May 2 0, 203 1. The stock options were granted in accordance with the
Company’s stock option plan and the policies of the TSX-V and remain subject to TSX-V approval.
About Zephyr Minerals Ltd.
Zephyr Minerals is mission focused on obtaining a mining permit for its 100% owned Dawson Gold
property in Colorado with the view to continuing to advance this project to the next stage of
development. The Company continues to wait for the Zimbabwean Government to grant two
Exclusive Prospecting Orders ( “EPO”), covering 124,000 hectares applied for in 2021. The areas
covered by the EPO applications are prospective for gold and lithium.
For further information please contact:
Loren Komperdo, President & CEO
T: 902 706-0222
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 docume nt 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.