EDM ANNOUNCES APPOINTMENT OF EUGENE CHEN TO THE BOARD OF DIRECTORS

Halifax, Nova Scotia, February 20, 2024 – EDM Resources Inc. (TSX-V: EDM) (“EDM” or the “Company”) today announced that it has appointed Eugene Chen as an independent director to the board effective February 16, 2024. The appointment of Mr. Chen is part of the Company’s initiative to expand the skill set and broaden the experience, governance and independence to the Board of Directors.

The Company’s President & CEO, Mr. Mark Haywood, commented: "On behalf of the Company, we are extremely pleased to welcome Eugene Chen to EDM’s board. Eugene is a seasoned securities lawyer with a wealth of experience in the Capital markets and the mining industry in Canada. As EDM evolves from a developer to a producer, we recognize that we need to expand our skills set and experience at the board level. We look forward to working with him and are confident that he will make meaningful contributions that will help EDM in achieving its strategic objectives and in its commitment to responsibly and sustainably deliver long-term shareholder value. "

Mr. Chen is a versatile corporate lawyer with over 25 years of service to emerging and growth-oriented companies. He is known for his strong business acumen, diverse experience and responsive service as well as his innovative, practical solutions to complex business issues. As a partner in various distinguished regional and national law firms and co-founder of diverse businesses, Mr. Chen has become a trusted advisor in corporate finance, capital markets, securities and M&A matters. His expertise extends to working with entrepreneurial start-ups, rapid growth businesses and public companies, particularly those with intricate capital structures.

Mr. Chen currently leads the Capital Markets, Securities and M&A Group at McLeod Law LLP in Calgary, applying his expertise across broad sectors including mineral exploration. There, he provides strategic counsel on initial public offerings, private placements, take-over bids, stock exchange listings and regulatory compliance. He has been counsel and advised on numerous financing and M&A transactions in the mining sector involving properties throughout North America, South America and Africa and is currently a director of Fathom Nickel Inc. (CSE: FNI), a critical mineral focused mining exploration company with properties located in Saskatchewan. Passionate about the nexus of law and business, Mr. Chen excels in identifying corporate opportunities and risks, providing strategic guidance to management teams and helping ensure clients achieve their goals. His strong leadership, excellent communication, and impressive negotiation skills are enhanced by his ability to build relationships and foster consensus among diverse professional teams.

For more information on EDM's board, please visit https://www.edmresources.com/board-of-directors.