EDM TO RESUME TRADING

Halifax, Nova Scotia, May 19, 2022 – EDM Resources Inc. (TSX-V: EDM) (“EDM” or the “Company”) announces that further to its news releases of May 10 and May 12, 2022, that the cease trade order issued against the Company due to the late filing of its December 31, 2021 financial statements and related information was revoked on May 12, 2022, and the TSX Venture Exchange has advised the Company that its shares will be reinstated for trading at the open on May 19, 2022.

Further to the Company’s news release of April 4, 2022, negotiations continue with the exclusive potential lender and offtake counterparty, which has informed the Company that it has completed its mine site due diligence. Further updates

will be provided in due course.