EDM Resources starts exploration program at Scotia

Executive Summary

• EDM Resources Inc. has commenced a focused gold exploration program at its Scotia mine property, aiming to advance the mine toward restart and evaluate additional value from gold mineralization.
• The program builds on high-grade gold assays from historical concentrate samples (up to 157 g/t Au) and will involve reinterpretation of historical data, geological mapping, and target identification.
• The company is also preparing an updated mineral resource estimate (MRE) in accordance with NI 43-101, which may include Gypsum and Anhydrite resources.

Key Details

• Exploration Program Scope: The program targets prospective zones within the Scotia mine land package to evaluate the source and distribution of gold mineralization.
• Objectives: Determine if gold mineralization is a discrete target, a byproduct opportunity, or a broader structural/stratigraphic control.
• Planned Activities:
  • Review and reinterpretation of historical drill core and geological data.
  • Geological mapping of prospective zones within the Meguma terrane formation.
  • Targeted sampling and assay programs.
  • Evaluation of gold potential beneath and adjacent to the main zinc-lead carbonate zone.
  • Identification of priority drill targets for follow-up exploration.
• Historical Context: The current work builds on September 2025 concentrate sampling results, which included:
  • Lead concentrate composite assays up to 142 g/t Au (repeats: 157 g/t and 95.5 g/t).
  • Zinc concentrate composite assays of 2.93 g/t Au (repeats: 3.64 g/t and 1.46 g/t).
  • Results were independently confirmed by AGAT Laboratories.
• Mineral Resource Estimate (MRE): An updated MRE is being prepared to evaluate the inclusion of additional Gypsum and Anhydrite mineral resources. It will be disclosed upon completion in compliance with National Instrument 43-101.
• Corporate Governance: The Annual General Meeting was held on Feb. 20, 2026, with all matters approved, including director elections and equity incentive plan renewals.
• Industry Participation: Management will attend the PDAC convention to meet with investors and stakeholders.

Notable Quotes

• "With final permitting progressing and gold exploration now under way, EDM is entering a pivotal phase. Our objective is straightforward: advance the Scotia mine toward restart while evaluating the potential for additional value through gold mineralization." — Mark Haywood, President and CEO