Zephyr Announces Results of Annual and Special Meeting of Shareholders & Grants Stock Options

Executive Summary

• Shareholders approved all items of business presented at the Annual and Special Meeting of Shareholders held on May 20, 2026.
• The Company confirmed several key management appointments, including a new President and CEO and a new CFO.
• The Board of Directors elected seven members for the upcoming year and approved the renewal of the company's stock option plan.

Key Details

• Board of Directors: Seven directors were elected for the ensuing year: Will Felderhof, Loren Komperdo, David Felderhof, Brian Arkell, John Clark, Ted Grant, and Scott Rhodenizer.
• Management Changes:
  • Will Felderhof transitioned from Executive Chairman to Non-Executive Chairman.
  • Loren Komperdo was appointed President and Chief Executive Officer.
  • David Felderhof was appointed Chief Financial Officer, Executive Vice President, and Corporate Secretary.
• Auditor Appointment: Davidson & Company LLP was reappointed as the Company's auditor.
• Stock Option Plan: Shareholders approved the renewal of the Company's 10% rolling stock option plan.
• Stock Option Grants: An aggregate of 3,150,000 stock options were granted to directors and officers at a price of $0.08 per common share, with an expiration date of May 20, 2031 (subject to TSX-V approval).