Mr. Mark Haywood reports

EDM PROVIDES A CORPORATE UPDATE

EDM Resources Inc. has provided an update for the markets on its current activities and priorities for 2023.

Last week, the Company ordered certain long lead items for the Scotia Mine Mill.

The recent wildfires in Nova Scotia have not affected its activities at the Scotia Mine.

Red Cloud Securities Inc., an independent Canadian investment dealer, has initiated research coverage on EDM as previously announced on May 10, 2023.

The Company has now completed field work in preparation for the geotechnical work over summer as announced on May 10, 2023.

As announced on May 10, 2023, the Company has received a firm environmental surety bonding proposal and is now waiting on the final environmental bonding amount from the Government of Nova Scotia and the Environment and Climate Change branch.

The Company is actively working with its Stakeholders, Offtaker partner, contractors and consultants to lock in a development timeline which would see the Scotia Mine enter into commercial production within 6-9 months of the timeline announcement.

The Company has commenced exploration field work on our mineral prospects nearby the Scotia Mine.

The Company filed its first quarter 2023 Financial Statements on May 24, 2023.

About EDM Resources Inc.

EDM is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, EDM also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia.

We seek Safe Harbor.