Zefiro Announces Membership in Canada’s Public-Private Working Group on Orphans and Alberta’s Oil and Gas Resources

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Zefiro’s membership in the Alberta-based “Mature Resource Strategy Working Group” will include collaboration with public, private, and non-profit sector stakeholders to promote the abandonment of orphan resources and the effective management of marginal resources across the province.

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FORT LAUDERDALE, Fla., Dec. 10, 2024 (GLOBE NEWSWIRE) – ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced that the Company has obtained membership status in Alberta, Canada Excavation and Completion Committee‘sAsset Strategy Working Group“ (the “Working Group”), a group of the communityprivate sector stakeholders, and not-for-profits seeking to curb the proliferation of orphan and orphan oil and gas wells across the province. Zephyr Founder and CEO Dr. Talal Debs he first appreciated the involvement of the Company in the Working Group when he came up with the Government of Alberta, Deputy Minister of Air, Climate, and Clean Technology Patrick McDonald as a presenter and agenda for the meeting. International Emissions Trading Associationevent of (“IETA”) e 2024 United Nations Climate Change Conference (“COP29”) in Baku, Azerbaijan.

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As part of Zefiro’s efforts within the Working Group, Dr. Debs and Zefiro Services CEO and Senior Vice President of Business Development Luke Plants they will lend their expertise and determine how the company can help promote the acceleration of abandoned oil and gas well remediation and well management projects across Alberta. Specifically, Zefiro’s a unique skill molding the growing activity of connecting oil and gas that is partly sponsored by various, required
carbon credit portfolio it will be an important part of the high-level discussions on dealing with rates 170,000 sites across Alberta that can leak methane gas. Methane gas can be present 25 to 85 times as strong such as carbon dioxide emissions in terms of trapping heat in the atmosphere.

Founder and CEO of Zefiro Dr. Talal Debs (pictured far left) speaks at the IETA COP29 event on November 15, 2024. Also pictured (centre-right), Deputy Minister of Air, Climate, and Clean Technologies in the Government of Alberta Patrick McDonald

Readers using news aggregation services may not be able to view the above media. Please access SEDAR+ or the Investors portion of the Company’s website for a version of this press release that contains all published media.

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Zefiro founder and CEO Dr. Talal Debs commented, “From site identification to gas leak testing to permanent water connection projects, demand for our unique methane mitigation services continues to grow in key markets across North America. Our investment in developing a team of dedicated professionals has provided us with decades of valuable institutional experience throughout Zefiro’s work, and I look forward to working with my colleagues on the Task Force to strengthen ambitious new initiatives that can benefit many communities across Alberta. fix this inheritance issue.”

Zefiro’s contribution to the Working Group is the latest in a series of high-profile appearances, speaking engagements, and trade association memberships that have solidified the Company’s position as a thought leader in the methane mitigation industry. These opportunities and programs from Dr. Debs serving as a keynote speaker at the UN COP29 ‘Sustainable Innovation Forum’, to members of Zefiro’s senior leadership team hosting the event and participating in a number of authoritative discussions NYC Climate Week 2024in Zefiro Chief Commercial Officer Tina Reine i 2024 Argus Europe Carbon Conferencein Zefiro Board Member Catherine Flax speaking to those present e 2024 Wall Street Green Summit.

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Information about the company Zefiro Methane Corp.

Zefiro is an environmental services company, specializing in methane mitigation. Zefiro strives to be the leading commercial force in achieving Active Sustainability. Using decades of operational expertise, Zefiro is developing a new set of tools to clean up the air, land, and water resources directly affected by methane leaks. The company has developed a fully integrated system driven innovative monetization solution for the emerging methane atement market. As a developer of high-quality US methane offsets, Zefiro aims to generate long-term economic, environmental, and social benefits.

On behalf of the Board of Directors of the Company,

ZEFIRO METHANE CORP.

“Talal Debs”

Talal Debs, Founder and CEO

For more information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com

For media inquiries, please contact:

Rich Myers – Profile Consultants (New York)
media@zefiromethane.com

+1 (347) 774-1125

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is usually, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “anticipates”, “intends”, “estimates”, “expects” and statements such as “may” event or outcome, “will”, “should”, “could” or “might” happen or be accomplished and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from renewable oil and gas sources and to eliminate methane gas; the Company’s relationships with industry operators, federal agencies, and state governments; the Company’s expectations for continued revenue growth and EBITDA growth as a result of this relationship; the Company’s intentions to build its presence in the United States; anticipated federal funding for orphan source site connectivity, repair and restoration operations; the Company’s expectations of becoming a growing environmental services company; the Company’s ability to provide institutional and retail investors alike the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social benefits; and other statements relating to the Company’s business and the industry in which the Company operates. Forward-looking information reflects management’s expectations based on currently available information and is subject to a number of risks and uncertainties that could cause results to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, no undue reliance should be placed on such information and no assurance can be given that such events will occur at specified times or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse market conditions and economic conditions; (ii) changes and price and volume volatility in the carbon market; (iii) changes in regulatory environment and global policies applicable to the Company’s business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors mentioned in its Prospectus dated 8 April 2024 under the heading “Risk Factors”. The company operates in a rapidly developing environment where technology is in the early stages of adoption. New risk factors arise from time to time, and it is impossible for the Company’s management to predict all risk factors, and the Company cannot estimate the impact of all factors on the Company’s business or the extent to which any factor, or combination of factors, may be. cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on management’s views and assumptions as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change materially. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information contained in this news release is made as of the date of the news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise. , unless otherwise required by applicable law.

Statement Regarding Third Party Investor Relations

Disclosures related to investor relations firms retained by Zefiro Methane Corp. can be found under the Company’s profile on SEDAR+ at www.sedarplus.ca/.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a24f5be-cd96-4fc5-85c5-a69f0e5a14d8

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