The deal will carry an average annual value of $1,007,500.
Zarubin, 22, spent last season playing in Russia with AKM Tula of the MHL.
Over 48 games with AKM Tula, the Russian netminder posted a 2.17 goals-against average and .930 save percentage with three shutouts.
Zarubin was selected by the Flames 84th overall in the 2024 NHL Draft.
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