Mr. David Felderhof reports

ZEPHYR MINERALS APPOINTS WILL FELDERHOF EXECUTIVE CHAIRMAN AND MARK GRAVES VICE PRESIDENT EXPLORATION

Zephyr Minerals Ltd. has appointed Will Felderhof executive chairman and Mark Graves vice-president, exploration of the company. Mr. Felderhof will, on a full-time basis, assist Loren Komperdo, president and chief executive officer, in executing the company's corporate strategy centred on growing gold resources and obtaining an operating permit for its Dawson, Colo. gold project. Mark Graves will be responsible for executing the company's exploration program at Dawson as well as scouting out properties with synergies to the company's efforts in Colorado.

Mr. Felderhof of Halifax, N.S., holds a BSc (geology) degree from Dalhousie University and has over 44 years of international experience in the mining industry. He has worked extensively in Canada as well as in the United States, Mexico, Colombia, Brazil, Argentina, Indonesia, Australia, Ivory Coast, Namibia, Zimbabwe, South Africa and Turkey. Most recently Mr. Felderhof was the founder and president and CEO of Toronto Stock Exchange listed Acadian Mining Corporation from March, 2003 to February, 2010. During his tenure at Acadian Mining he raised upward of $55-million in the venture capital markets and built up the largest portfolio of past-producing Nova Scotia gold mines in the province's history. Prior to Acadian Mining, Mr. Felderhof headed up the publicly traded companies, Jascan Resources Inc. in the 1980s and East Indies Mining Corporation in the 1990s, and served on the board of numerous of mineral exploration companies. Mr. Felderhof is a co-founder of Zephyr and has been a director of the company since 2012.

Prior to becoming involved in running publicly traded resource companies, Mr. Felderhof was vice-president and managing director of ACA Howe International, a geological mining and consulting firm, managing their offices in Toronto, Canada, and Johannesburg, South Africa.

Mr. Graves of Wolfville, N.S., holds a BSc (geology) degree from Dalhousie University and has worked in the mineral resource industry since graduation supervising multimillion-dollar exploration programs in varied geological terrains. He has managed gold projects in Colorado, Mexico, Newfoundland and Nova Scotia. Mr. Graves has extensive exploration experience in highly evolved peraluminous granites in Nova Scotia and nickel-copper-cobalt magmatic sulphide deposits in Greenland, Labrador and Quebec. Mr. Graves also has considerable experience working on VMS deposits in the Ordovician rocks of Newfoundland. He is a registered geoscientist with PEGNL and GNS.

The company will grant Mark Graves 300,000 stock options to purchase common shares of the company for a period of five years with an exercise price of $0.25, vesting upon grant. The options will be granted in accordance with the company's incentive stock option plan and as set forth by the TSX Venture Exchange policy. Both the options and the appointments of Mr. Felderhof and Mr. Graves are subject to the approval of the TSX-V.

About Zephyr Minerals Ltd.

Zephyr Minerals is a gold exploration and development company focused on advancing its flagship Dawson Gold project in Colorado, USA. After completing a positive preliminary economic assessment, Zephyr is continuing to advance the project though permitting, additional exploration as well as further engineering work with a plan to develop a high-grade, low-cost underground gold mine.

We seek Safe Harbor.