Spread coconut on a baking sheet and toast at 350 degrees until golden brown (7-10 min.)
In a medium bowl, mix together flour, sugar, baking powder and salt. Set aside.
Whisk together milk, egg, extracts and lemon zest in a bowl until blended.
Stir in the coconut and flour mixture, stiring just until moistened.
Spoon batter into a greased 5x9 inch loaf pan.
Bake at 350 degrees for 55-60 minutes or until wooden toothpick inserted in center comes out clean.
Cool 10 minutes in pan, then invert onto wire rack to cool completely.
*Recipe adapted from An Occasion to Gather