Completion Of Monitoring & Analytical Program At Dawson Gold Deposit

HALIFAX – Zephyr Minerals Ltd. announced the successful completion of the second quarter of its comprehensive groundwater monitoring and analytical program at and surrounding the Dawson Gold deposit. The third-quarter program is scheduled for mid-June, 2026 keeping the Company on track to complete the full five-quarter program by year-end. Upon receipt of all analytical of all analytical data, Zephyr intends to resubmit a mining permit application to the Colorado Division of Reclamation, Mining and Safety (DRMS) for its Dawson Gold property in Colorado.
Due to a delay in the availability of a key participant and recovery equipment, the exploratory trenching program at itsJudith Patented Placer Claim has been postponed until the second quarter of 2026. The trenching program will target the gulch that directly drains from the Windy Gulch gold deposit and Windy Point gold showings. The Windy Gulch deposit, in particular, contains significant gold at surface that is eroding downslope into the gulch. Previous bedrock trenching conducted in 2017 at Windy Gulch returned 5.8 grams per tonne (g/t) gold over 31.7 meters, while a trench located approximately 40 meters downslope returned 7.6 g/t gold over 11.9 meters.