Mr. Mark Haywood reports

EDM ANNOUNCES BOTH COMPLETION OF 2025 MILESTONES AND ITS OPERATIONAL, PERMITTING AND COMMERCIAL MILESTONES FOR 2026

EDM Resources Inc. has provided a summary of its key accomplishments during 2025 and has outlined its planned operational, permitting and commercial milestones for 2026 as the company advances the Scotia mine toward a production decision.

The president and chief executive officer, Mark Haywood, stated: "EDM delivered on all of its major planned milestones in 2025 while also completing the technical and environmental work required to advance the Scotia mine toward production. With the Fisheries Act Authorization application now imminent, we believe 2026 will represent a transformational year for the company as we move from project advancement to disciplined execution, financing and initial operations."

2025 highlights -- foundation for production

During 2025, EDM successfully executed all major planned milestones while advancing permitting and technical work critical to restarting operations at the Scotia mine.

Commercial and financing achievements

• Executed a $58-million (U.S.) gypsum offtake agreement, including a $250,000 (U.S.) prepayment, establishing a long-term revenue foundation;
• Completed a silver royalty transaction providing 7,000 ounces of silver per year with a $1.0-million (U.S.) prepayment through a combination of cash and equity;
• Successfully closed a fully subscribed $1.0-million private placement, strengthening the company's balance sheet.

Technical and metallurgical progress

• Completed a positive dense media separation (DMS) study, demonstrating the potential for improved mill feed grades and enhanced operating economics;
• Confirmed the presence of high-grade gold in both lead and zinc concentrate assays, highlighting additional byproduct value potential.

Permitting and site advancement

• Completed fieldwork and technical studies required to support the Fisheries Act Authorization (FAA) application for the Scotia mine.
• Continued engagement with first nations, regulators and the community to support a streamlined permitting process.

2026 milestones

Building on the strong progress achieved in 2025, EDM has defined a focused and disciplined set of milestones for 2026 aimed at achieving a production decision and initiating operations.

Permitting and regulatory

• Submission of the Fisheries Act Authorization application to the Department of Fisheries and Oceans;
• Receipt of the Fisheries Act Authorization, subject to regulatory review timelines.

Project development and technical

• Finalization of updated project finance structures incorporating revised capital and operating assumptions;
• Completion of updated zinc and lead offtake and concentrate marketing agreements;
• Advancement of DMS integration planning within the Scotia mine processing flow sheet.

Exploration and resource upside

• Commencement of gold exploration activities at the Scotia mine targeting near-term value enhancement;
• Potential update of the 2021 National Instrument 43-101 mineral resources estimate to include additional mineral resources, subject to technical review.

Production pathway

• Completion of an updated NI 43-101 prefeasibility study, updated project costings and improvements in commodity prices and reductions in smelter treatment charges;
• Formal production decision announcement following permitting and financing milestones;
• Commencement of initial operations at the Scotia mine.

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, 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.