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Zephyr Minerals announces results of annual and special meeting of shareholders

Shareholder Meetings

Zephyr Minerals announces results of annual

and special meeting of shareholders

Trading Symbol: TSX-V: ZFR OTC:ZPHYF

Shares Outstanding: 63,229,327

HALIFAX

,

May 28, 2020

/CNW/ - Zephyr Minerals Ltd. ("

Zephyr

" or the "

Corporation

") (TSXV:

ZFR) is pleased to announce that at the annual and special meeting of the Corporation's

shareholders held on

May 27, 2019

, the shareholders re-elected

Will Felderhof

,

Loren Komperdo

,

John Clark

,

David Felderhof

,

Scott Rhodenizer

and

Ted Grant

as directors of the Corporation to hold

office until their successors are duly elected or appointed.

In addition, in accordance with the rules and policies of the TSX Venture Exchange, the

Corporation's shareholders re-approved Zephyr's "rolling" incentive stock option plan. The

Corporation's shareholders also re-appointed

Wasserman Ramsey

, Chartered Accountants, as the

Corporation's auditor to hold office until the next annual meeting of shareholders or until its

successor is duly appointed, and the directors of the Corporation were authorized by shareholders

to fix the auditor's remuneration.

About Zephyr Minerals Ltd.

Zephyr Minerals Ltd. continues to advance its 100% owned high grade Dawson-Green Mountain

Project in

Colorado, USA

. After expanding it's land package to 1,385 hectares (3,430 acres) the

Company now controls a 12.2 km long

Dawson-Green Mountain

mineralized trend. The central 3.2

km long El Plomo section is the focus for potential Broken Hill Type silver-lead-zinc mineralization

and the east and west sections, Dawson and Green Mountain respectively are being targeted for

gold. The Dawson section is currently host to a high grade inferred gold resource. The Company

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

mineralized trend provide excellent resource expansion potential.

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, including, with respect to the use of funds

from the private placement, expectations and assumptions concerning timing of receipt of required

regulatory approvals and third party consents and the satisfaction of other conditions to the

completion of the exploration work on the Dawson-Green Mountain Property. 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/May2020/28/c5930.html

%SEDAR: 00030509E

For further information:

please contact: David Felderhof, EVP & Director, Zephyr Minerals Ltd., T:

902 446-4189, F: 866 941-4715; To be included in the Zephyr email database for Company updates

please contact [email protected].

CO: Zephyr Minerals Ltd.

CNW 08:40e 28-MAY-20