EDM Engages Red Cloud and Hosts Open Day Community Event at the Scotia MINE
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NEWS RELEASE SEPTEMBER 22, 2022
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 Clou d’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 (totalling $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 [email protected]
to register their interest to attend.
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 th e symbol “ EDM”. For more
information, please contact:
Mark Haywood President & Chief Executive Officer
Christopher Hopkins Chief Financial Officer (Interim)
Simion Candrea Vice President-Corporate Development
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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 [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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