Zephyr Minerals Announces Results of Annual and Special Meeting of Shareholders

/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: 67,986,985 

HALIFAX, NS, May 27, 2021 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSXV: ZFR) (OTC: ZPHYF), is pleased to announce that at the annual and special meeting of the Corporation's shareholders held on May 26, 2021, 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 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. 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.

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