EDM AMENDS $1.4M NON-BROKERED PLACEMENT TERMS

Halifax, Nova Scotia, January 11, 2024 – EDM Resources Inc. (TSX-V: EDM) (“EDM” or the “Company”) is pleased to announce that it is amending the terms of its non-brokered private placement financing announced December 22, 2023.

The amended placement (the “Offering”) now involves the sale of up to 12,727,272 units (“Units”) of the Company at a price of C$0.11 per Unit for gross proceeds of up to C$1,400,000, each Unit consisting of one common share of the Company (each an “Share”) and one share purchase warrant (a “Warrant”) entitling the holder to purchase one common share of the Company (each an “Warrant Share”) at a price of C$0.14 for each Warrant Share, 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 km north of Halifax (the “Scotia Mine”), and for general working capital purposes.

The Company may pay finder’s fees and issue finder’s warrants to eligible finders for their assistance with the Offering in accordance with market norms. Any finder’s warrants will have the same terms as the Warrants.

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