Ms. Catherine Flax reports

ZEFIRO ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF APPROXIMATELY C$5.0 MILLION

Zefiro Methane Corp. has closed a non-brokered private placement for gross proceeds of approximately $5.0-million.

Pursuant to the offering, the company issued an aggregate of 7,575,758 units of the company at a price of 66 cents per unit for gross proceeds of $5,000,000.28. Each unit consists of one common voting share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at an exercise price of 80 cents per warrant share for a period of 30 months from the date of issuance.

The company intends to use the net proceeds from the offering for general working capital and corporate purposes. The company may also apply a portion of the net proceeds toward strategic acquisition opportunities.

In connection with the offering, the company paid finders a cash commission of $300,000, being an amount equal to 6 per cent of the gross proceeds raised, and issued an aggregate of 454,545 broker warrants. Each broker warrant is exercisable to acquire one common share at a price of 66 cents per common share for a period of 24 months from the closing of the offering. The broker warrants, and any common shares issuable on exercise thereof, are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

The units under the offering were offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Section 2.3 of Ontario Securities Commission Rule 72-503 (Distributions Outside Canada), and, accordingly, the units are not subject to resale restrictions.

About Zefiro Methane Corp.

Zefiro is a North American environmental service company specializing in methane abatement and the plugging of orphaned and end-of-life oil and gas wells. Through operating subsidiary Plants & Goodwin Inc., a third-generation well service company with a 50-plus-year operating history, Zefiro is vertically integrated across the well life cycle -- measurement and monitoring, plugging and abandonment, site restoration, and carbon credit origination -- serving government and private-sector customers across 15 U.S. states.

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