Halifax, Nova Scotia--(Newsfile Corp. - December 18, 2024) - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC Pink: ZPHYF) ("Zephyr" or the "Company") is pleased to announce that Denver based Brian Arkell has been appointed to the Company's Board of Directors effective December 18, 2024, pending regulatory approval.

Loren Komperdo, President and CEO stated, "Brian's positive reception to join the Board at this juncture, is a true testament to both the merits of the Dawson gold deposit and the optimistic future for Zephyr. Brian's extensive experience in exploration and mine development is a significant asset to the Company and its shareholders."

Mr. Arkell, of Denver, Colorado, holds a B.S. in Geology and Engineering from the University of Maryland and an M.S. from the New Mexico Institute of Mining and Technology. With 35 years of experience, Mr. Arkell has contributed to several significant gold discoveries and mine development projects including the Yanacocha gold mine in Peru, the Batu Hijau copper-gold mine in Indonesia, the Merian gold mine in Suriname, and the Magino gold mine in Canada.

From 2018 to 2023, Mr. Arkell held the role of Vice President of Exploration and Mine Technical Services at Argonaut Gold, a mid-tier gold producer. He was responsible for overseeing exploration, mine planning, mine geology, corporate reserves, and land management across five gold mines and multiple projects, ranging from scoping to feasibility. Prior to that, he served as CEO of Caza Gold Corp., Senior Vice President of Exploration and Corporate Development at Rio Novo Gold, Inc., and spent 22 years at Newmont Mining Corp. in various leadership positions, including Director of Geology and Exploration for South America. Mr. Arkell is Vice President of Exploration and Technical Services of Cabral Gold Inc.

Mr. Arkell is a Registered Member of the Society for Mining, Metallurgy & Exploration (SME), a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), and a Fellow of the Society of Economic Geologists. He is also a Qualified Person (QP) under Canadian National Instrument 43-101 standards and a Competent Person under the Australian JORC Code.

On December 18, 2024, the Company granted 400,000 stock options to Mr. Arkell at an exercise price of $0.05 with a term of five years expiring December 17, 2029, in accordance with the Company's incentive stock option plan and as set forth by the TSX Venture Exchange ("TSX-V") policy and are subject to the approval of the TSX-V.