Mr. Mark Haywood reports

EDM STRENGTHENS TREASURY WITH $1.5 MILLION OF WARRANT EXERCISES BY DIRECTORS, INSIDERS AND MAJOR SHAREHOLDERS

Certain EDM Resources Inc. directors, insiders and major shareholders have exercised common share purchase warrants generating gross proceeds of approximately $1.5-million, providing significant additional capital to advance the Scotia mine, finance continuing exploration and development activities, and strengthen the company's working capital position.

The president and chief executive officer Mark Haywood commented: "We are extremely pleased with the strong support demonstrated by our directors, officers, insiders and major shareholders through the exercise of approximately $1.5-million of warrants. The additional capital significantly strengthens EDM's treasury, increases financial flexibility and supports continued advancement of key permitting, exploration and development initiatives while maintaining a disciplined approach to future dilution. We believe this level of insider participation reflects continued confidence in the company's strategy and the long-term value potential of the Scotia mine."

The warrant exercises follow several recent corporate milestones achieved by the company, including commencement of trading on the OTCQB Venture Market in the United States, advancement of the Fisheries Act Authorization review process with the application currently under federal review and commencement of gold exploration.

The warrants were issued pursuant to the company's non-brokered private placement financings that closed on Oct. 29, 2024, Nov. 28, 2024, and Nov. 12, 2025, with an exercise price of 14 cents per common share. Following the warrant exercises, the company has approximately 22.6 million warrants outstanding at an exercise price of 14 cents per common share, representing potential additional proceeds of approximately $3.2-million if exercised.

With the proceeds from the warrant exercises added to its existing cash on hand, EDM has significantly strengthened its treasury to advance the Scotia mine in a disciplined and minimally dilutive manner, including supporting continuing Fisheries Act Authorization activities, advancement of an updated prefeasibility study and continued development of the company's gold exploration program.

The company intends to use the proceeds from warrant exercises to advance permitting and development activities at the Scotia mine, support the updated prefeasibility study, gold exploration activities and general working capital purposes.

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.

The company's common shares are traded on the TSX Venture Exchange under the symbol EDM, the Frankfurt Securities Exchange under the symbol P3Z and the OTCQB Venture Market under the symbol EDMFF.

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