Mr. Mark Haywood reports

EDM AMENDS $1.4M NON-BROKERED PLACEMENT TERMS

EDM Resources Inc. is amending the terms of its non-brokered private placement financing arranged on Dec. 22, 2023.

The amended placement now involves the sale of up to 12,727,272 units of the company at a price of 11 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 may pay finders' fees and issue finders' warrants to eligible finders for their assistance with the offering, in accordance with market norms. Any finders' warrants will have the same terms as the warrants.

The offering is subject to approval by 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.