Mr. Mark Haywood reports

EDM ANNOUNCES $1.4M NON-BROKERED PRIVATE PLACEMENT

EDM Resources Inc. has arranged a non-brokered private placement financing for aggregate gross proceeds of up to $1.4-million.

President and chief executive officer Mark Haywood stated: "Proceeds of the placement will be used to advance necessary environmental fieldwork at the company's Scotia mine and for working capital. We welcome all our existing shareholders and accredited investors to participate in this financing."

The offering consists of 14 million units of the company at a price of 10 cents per unit for gross proceeds of up to $1.4-million, with each unit consisting of one common share of the company and one share purchase warrant entitling the holder to purchase one common share of the company at a price of 14 cents, exercisable for a period of three years from closing. The company intends to use the net proceeds from the offering to advance environmental work at its wholly owned Scotia mine, located 60 kilometres north of Halifax, and for general working capital purposes.

The company advises that it is in discussions respecting the potential participation by a lead investor in the offering, which could involve the investor acquiring up to 10 million units in the offering. The company anticipates that if such investment occurs, it would be conditional on the investor obtaining the right to appoint nominees to the company's board of directors and potentially other conditions. These discussions are continuing, and there is no assurance the potential investor will participate in the offering or what the conditions to such participation might be.

The company may pay finders' fees and issue finders' warrants to eligible finders for their assistance with the offering, in accordance with market norms. All finders' warrants will have the same terms as the warrants.

The offering is subject to the approval of the TSX Venture Exchange.

About EDM Resources Inc.

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

We seek Safe Harbor.