Previously the Head of Commodity Derivatives (Americas) at BNP Paribas and CEO of Commodities EMEA of J.P. Morgan, Ms. Flax brings a wealth of experience and knowledge to the Zefiro organization. Named the Most Influential Woman in European Investment Banking (2012), Ms. Flax has worked with other prominent organizations in finance to include the Securities Industry and Financial Markets Association (“SIFMA”) and has been a board member of the Independent System Operator for the New England Transmission grid.

FORT LAUDERDALE, Fla., July 16, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce the appointment of Catherine Flax to Zefiro’s Board of Directors. With decades of experience in Wall Street banking, Ms. Flax was recognized by Financial News (Dow Jones) as the Most Influential Woman in European Investment Banking in 2012. Ms. Flax will work directly with Zefiro Founder and Chief Executive Officer Talal Debs to optimize Zefiro’s market position as an environmental services company and carbon credit originator.

In the 1990s, Catherine Flax held investment banking positions with an energy concentration, including managing North American power origination for Morgan Stanley in its New York office (1998 to 2004), as well as North American power and gas origination for UBS in its Stamford, Connecticut office. Ms. Flax then pivoted to J.P. Morgan, where she held roles to include Head, Global Commodities Corporate Marketing/Sales and Structuring (NYC), Global Head, Commodity Finance Business (London), and CEO, Global Commodities for Europe, Middle East, and Africa (London). In 2012, Catherine Flax was appointed Chief Marketing Officer of J.P. Morgan, out of its New York City headquarters. Thereafter, Ms. Flax joined global banking giant BNP Paribas as its Head of Commodity Derivatives (Americas).

Catherine Flax is a Wall Street banking veteran who has been appointed to the Board of Directors of Zefiro Methane Corp.

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“I am thrilled to be part of the team at Zefiro, whose integrated business concept is uniquely focused on the actions that need to be taken to address the methane emissions crisis in the United States,” said Catherine Flax regarding her appointment to Zefiro’s Board of Directors. “Zefiro has built a robust and scalable model for measuring and monitoring emissions of methane in accordance with the latest methodologies for carbon offsets. Zefiro is differentiated in that it has its own crews and equipment to perform remediation work to prevent potentially harmful emissions. Environmental responsibility is more important than ever in 2024 for American organizations of all sizes, and I look forward to working with Zefiro’s team as it takes an execution-focused approach to providing impactful and meaningful solutions with a long-term and global vision.”

“We enthusiastically welcome Catherine to Zefiro’s Board of Directors, where I expect that she will make numerous valuable contributions to our business as we seek to further grow our market position,” said Talal Debs, Founder and Chief Executive Officer of Zefiro. “As an experienced global investment banker, Catherine has an unparalleled depth of familiarity with the workings of major global players in both industry and government, and I believe that can be infinitely beneficial for Zefiro’s ability to navigate the emerging marketplaces for environmental monitoring and carbon offsetting.”

Reporters/Media: For any questions or to arrange an interview with Catherine Flax or Talal Debs, please contact Rich Myers of Profile Advisors (New York City) by email at media@zefiromethane.com or by telephone at +1 (347) 774-1125.

About Zefiro Methane Corp.

Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.

On behalf of the Board of Directors of the Company,

ZEFIRO METHANE CORP.

“Talal Debs”

Talal Debs, Founder & CEO

For further information, please contact:

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

For media inquiries, please contact:

Rich Myers - Profile Advisors (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 often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies, and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company’s business and the industry in which the Company operates. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes 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, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes 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 general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. 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 included in this news release is made as of the date of this 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, except as required by applicable law.

Statement Regarding Third-Party Investor Relations Firms

Disclosures relating 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/2e277ee8-413d-4661-b404-3e72a87aebc5