EDM Announces No Atlantic Salmon Present IN the Third Season of Test Results
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NEWS RELEASE MAY 7, 2024
EDM ANNOUNCES NO ATLANTIC SALMON PRESENT IN THE THIRD SEASON
OF TEST RESULTS
Halifax, Nova Scotia, May 7, 2024 – EDM Resources Inc. (TSX -V: EDM) (“EDM” or the “Company”) is pleased to
announce that it continues to make significant progress on the required environmental work that is necessary for the restart
of the Scotia Mine.
• Completion of three of four seasons of sampling for Atlantic Salmon DNA as required by the Department of
Fisheries and Oceans (“DFO”).
• Reconnaissance work to identify additional potential locations for stream and/or river restoration required by the
DFO for the fish habitat offsetting plan.
“We are pleased to report that the results of winter season of testing for Atlantic Salmon DNA, yielded no detection of
Atlantic Salmon in or nearby the Scotia Mine. We anticipate the remaining one season of testing to also yield similar results
which would be favourable for the restart of the Scotia Mine ” said, Mr. Mark Haywood, President & CEO. “We also
continue to make significant progress on satisfying the DFO’s requests through our environmental studies and offsetting
restoration work which is designed to replace any fish habitat that may be impacted through our future mining operations
at the Scotia Mine” he added.
EDM’s environmental consultants, Strum Consulting, have also stated that: “Three rounds of sampling (summer, fall, and
winter) have now been completed resulting in no confirmed detections of Atlantic Salmon near the mine site. A fourth and
final round of sampling will be conducted in Spring, which is expected to show similar results.”
Atlantic Salmon and Our Testing
Atlantic Salmon are anadromous, spending part of their life growing at sea and then returning to reproduce in their natal
freshwater rivers. Generally, adults that are ready to spawn move into estuaries and then into freshwater rivers in the
summer. However, the timing of river entry varies among populations as an adaptation to local conditions and water levels.
Some populations return to rivers as early as late spring, whereas other populations return during the fall.
In Nova Scotia, Atlantic Salmon typically spawn in October and November. The young develop in gravel nest pits known
as “redds”, emerging from their nests as fry from May-June. After two or three years in freshwater, they descend their natal
rivers and enter the ocean.
EDM has undertaken seasonal environmental DNA (“eDNA”) sampling to provide evidence on the presence or absence of
Atlantic salmon in watercourses near the mine, in consideration of the timing of freshwater life history stages.
EDM continues to work with Strum Consulting (McCallum Environmental) and GHD to complete the comprehensive four-
season ecological study to demonstrate to the DFO, that the Project’s mining activities will not affect the Inner Bay Of
Fundy (IBOF) Atlantic Salmon Habitat.
The Company has now completed three-seasons of eDNA testing (summer 2023, fall 2023, and winter 2024) and the results
to-date of the first three seasons have yielded no Atlantic Salmon DNA.
EDM is continuing with the remaining one season of testing which is expected to be completed in May 2024.
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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
Kevin Farrell Chief Financial Officer
Manish Grigo Corporate Development
Telephone +1 (902) 482 4481
Facsimile +1 (902) 422 2388
Email & 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 TSXVentureExchangenor its Regulation Services Provider(as that term is definedin the policies of the TSX
VentureExchange) accepts responsibility for the adequacy or accuracy of this newsrelease.
Thisnews releaseincludes certainforward-lookingstatements which are not comprised of historicalfacts. 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”. Sinceforward-lookingstatements arebased on assumptionsand addressfutureeventsand 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-lookinginformation 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
mineralresourceand 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
relatingto availabilityandcosts of financingneeded 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’sbusiness,
as well as thosefactorsdiscussed in the sectionentitled “Risk Factors” in EDM’s management’s discussion and analysis of
the Company's annual financial statements for the period ended December 31, 2023. 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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