EDM ENGAGES RED CLOUD AND HOSTS OPEN DAY COMMUNITY EVENT AT THE SCOTIA MINE

Halifax, Nova Scotia, September 22, 2022 – EDM Resources Inc. (TSX-V: EDM) (“EDM” or the “Company”) is pleased to provide the following update on the Company’s planned activities.

The President and CEO, Mr. Mark Haywood, commented:

“Now that we have completed a major milestone of the Company with financing approvals in place for commercial production at the Scotia Mine, the Company has initiated its marketing efforts to build the awareness of EDM and its compelling opportunity for investors.

Red Cloud Financial Services Inc. (“Red Cloud”) were engaged yesterday on a 12-month term to perform a range of marketing services designed to build EDM’s profile in the North American capital markets, including the retail sector.

In addition, I am pleased to mention that the Scotia Mine will be hosting a community open day event at the mine on October 1, 2022, to showcase the Mine’s potential to the community in the vicinity of the mine. With over 140 skilled and unskilled employees required for the 14-year mine life, the Mine’s direct benefits to the community are significant, along with indirect benefits of spending of approximately $30 million on the project next year as we move towards commercial production.”

Corporate Updates:

• Red Cloud Financial Services is an experienced provider of investor relations and communications services to many issuers listed on the TSX and TSXV. Red Cloud is an independent contractor which has been engaged on a non-exclusive basis to provide marketing services targeting potential investors and their advisors, organizing roadshows, preparing marketing documents, and assisting with managing social media and other studio media support including Red Cloud’s exclusive RCTV platform and distribution. For these services, Red Cloud will be paid a cash fee of $10,000 per month for a period of 12 months (totaling $120,000 over the 12-month term of the contract), after which Red Cloud’s engagement will continue on a month-to-month basis.

• The Scotia Mine’s Open Day Event will be held at the mine on Saturday, October 1, 2022, from 11 AM to 2 PM for interested community members. Anyone interested in attending should email the mine at Community@ScotiaMine.ca to register their interest to attend.