EDM Announces Change of CFO and Annual General Meeting

Halifax, Nova Scotia--(Newsfile Corp. - June 28, 2022) - EDM Resources Inc. (TSXV: EDM) ("EDM" or the "Company") is pleased to announce that Mr. Christopher Hopkins, a long-standing director and shareholder of EDM, has assumed the role of interim Chief Financial Officer.

EDM's President and CEO, Mr. Mark Haywood, stated: "Chris is a highly experienced financial executive, Chartered Accountant and MBA holder. He also has over 25 years of experience in the mining sector, and we greatly appreciate him making the time to take on a number of management tasks as we advance EDM towards commercial production.

The Company would also like to thank Mr. Robert Suttie, our former Chief Financial Officer, who has diligently and professionally served the Company for nearly nine years. Robert will assist with the transition and handover to Chris during the next 30 days."

The Company has commenced a formal search for a full-time Chief Financial Officer of EDM. Suitably qualified applicants may enquire via EDM's website or via the Company's primary email address at [email protected].

Additionally, the Company has set the next Annual General Meeting ("AGM") date for August 30, 2022, with a record date of July 15, 2022. Further details of the AGM will be provided in the upcoming Management Information Circular, to be distributed to shareholders eligible to participate at the AGM.

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, Nova Scotia. EDM also holds several prospective exploration licenses near the 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". For more information, please contact:

Mark Haywood -  President & Chief Executive OfficerChristopher Hopkins - Chief Financial OfficerSimion Candrea Vice - President, Corporate Development

Head Office    Purdy's Wharf, 1959 Upper Water Street, Suite 1301, Nova Scotia, B3J 3N2, Canada Telephone     +1 (902) 482 4481Facsimile    +1 (902) 422 2388Email & Web    [email protected] & www.EDMresources.com

The Company's corporate filings and technical reports can be viewed on the Company's SEDAR profile at www.sedar.com. Further information on EDM is also available on Facebook at http://www.facebook.com/EDMresources.inc Twitter at http://www.twitter.com/EDMresources and LinkedIn at http://www.linkedin.com/company/EDMresources.

CAUTIONARY STATEMENTS

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release includes certain forward-looking statements which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "should", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, potential mineralization, exploration and development results, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from EDM's expectations include, among others, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves, the degree to which factors are present which would make a mineral deposit commercially viable, the price of zinc, lead and gypsum, uncertainties relating to availability and costs of financing needed in the future, changes in equity markets, risks related to international operations, the actual results of current exploration activities, delays in the development of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of metals, ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business, as well as those factors discussed in the section entitled "Risk Factors" in EDM's management's discussion and analysis of the Company's annual financial statements for the period ended December 31, 2021. Although EDM has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results to be not as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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