EDM Resources Inc. provide the following update on the Company's current exploration activities at its Eastville base metals prospect in eastern Nova Scotia, Canada. The group of licenses within its Eastville prospect (collectively herein referred to as the "Eastville Prospect") is comprised of 18 contiguous claims and is strategically located approximately 50 kilometres from the Company's Scotia Mine property. Resourceful Geoscience Solutions Inc. ("RGS") of Halifax, Nova Scotia, Canada recently completed a program to relog 16 historical diamond drill holes located across the Company's claims, totalling 2,276m. This data, along with newly digitized historical assay certificates, were used to create mineralization and lithology models of the Eastville Prospect, as well as evaluate the potential opportunity for further drilling in the area. Lithology Model: Using the 2023 relogging data combined with the digitized historical assays, a generalized 3D lithology model was created, as well as mineralization models. The lithology model includes the units of Slate, Calcareous Quartzite, and Quartzite. The
slate unit defines the Halifax Group, and the quartzite lithology defines the Goldenville group. Historical and academic reports of the project describe a transition zone between the two groups which in this model was marked by a Calcareous Quartzite unit. Given the condition of the core, and density of drilling this was the highest resolution to which lithologies could be modelled at this time. The contacts between the units dip between 40 and 60 degrees to the Southeast. Mineralization Model: Sphalerite and Galena mineralization at Eastville is interpreted to be strata-bound, parallel to stratigraphy. As such, the contact between the Halifax group slates and Goldenville quartzites was used as an informing trend in all models of mineralization. A bivariate analysis of Zn and Pb values in historical analyses reveals that the two metals are linearly correlated and do not occur independent of each other. Therefore, mineralization models are based on a numerical value of %Zn + %Pb instead of creating separate models for the distribution of each metal. A subjective mineralization model was created by manually
selecting and correlating mineralized drill intercepts exceeding a composite grade of 0.5% Zn + Pb from historical drill data. Unsampled intervals are assumed to be 0% Pb+Zn.