Zephyr Minerals Grants Stock Options

/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: 66,603,485

HALIFAX, NS, March 10, 2021 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSXV: ZFR) (OTC: ZPHYF), has granted 2,475,000 stock options to consultants and directors and officers of the Company. The stock options are exercisable at a price of $0.19 per share for a term of five years expiring March 9, 2026. The options are granted in accordance with the Company's stock option plan and as set forth by TSX Venture Exchange ("TSX-V") policy and are subject to the approval of the TSX-V.

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.

SOURCE Zephyr Minerals Ltd.

View original content: http://www.newswire.ca/en/releases/archive/March2021/10/c4771.html