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EDM.V ·

Announces Appointment of Rajesh Sharma to Board of Directors

Management Changes

-

1

-

NEWS

RELEASE

OCTOBER 4

, 202

2

EDM

ANNOUNCES APPOINTMENT OF

RAJESH

SHARMA TO BOARD OF DIRECTORS

Halifax,

Nova

Scotia,

October 4

,

202

2

–

EDM

Resources Inc

.

(

TSX

-

V:

EDM

)

(“

EDM

”

or

the

“

Company

”)

is pleased

to announce that Mr.

Rajesh Sharma

, has

joined the Board of Directors as

a nominee of

Fancamp Exploration

Ltd

.

As

announced by the Company in its

news

release of September 16, 2021, Fancamp has the right to nominate a director to the

Company’s board as long as it holds over 10% of the Company’s issued and outstanding common shares

.

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.

Through its wholly owned subsidiary,

EDM

also holds several prospective exploration licenses near

its 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

Officer

Christopher Hopkins

Chief

Financial

Officer

(Interim)

Simion

Candrea

V

ice President

-

Corporate Development

Head

Office

Purdy’s

Wharf,

1959

Upper

Water

Street,

Suite

1301,

Nova

Scotia,

B3J

3N2,

Canada

Telephone

+1

(902)

482

4481

Facsimile

+1

(902)

422

2388

Email

&

Web

info

@

EDMresources.com

&

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

assur

ance

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

-

2

-

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

re

serve

estimates

are

reflective

of

actual

mineral

resources

and

reserves,

the

degree

to

which

factors

are present

which

would

make

a

mineral

deposi

t

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

exploratio

n a

ctivities,

delays

in

the

development

of

projects,

conclusions

of

economic

evaluations

and

changes

in

project

parameters

a

s p

lans

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

“Ris

k

Factors”

in

EDM’s

management’s

discussion

and

analysis

of

the

Company's

annual

financial

statements

for

the

perio

d e

nded

December

31,

202

1

.

Although

EDM

has

attempted

to

identify

important

factors

that

could

cause

actual

results

t

o differ

materially,

there

may

be

other

factors

that

cause

results

to

be

not

as

anticipated,

estimated

or

intended.

There

can

b

e

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.

NOT

FOR

DISTRIBUTION

TO

U.S.

NEWSWIRE

SERVICES

OR

FOR

DISSEMINATION

IN

THE

UNITED

STATES