EDM samples 142 g/t Au at Scotia

Executive Summary

• EDM Resources reported exceptionally high gold assays in its Scotia mine concentrate samples: 142 g/t Au in lead concentrate and 2.93 g/t Au in zinc concentrate.
• Repeat assays confirmed the results (lead: 157 g/t and 95 g/t; zinc: 3.64 g/t and 1.46 g/t).
• The company will expand assaying work and engage geological services to evaluate gold potential at Scotia, potentially adding a new revenue stream to the mine’s life‑of‑mine plan (417 kt Zn concentrate & 194 kt Pb concentrate).

Key Details

• Assay Results – Lead Concentrate: Composite fire assay of 142 g/t Au; repeat assays of 157 g/t and 95 g/t Au.
• Assay Results – Zinc Concentrate: Composite fire assay of 2.93 g/t Au; repeat assays of 3.64 g/t and 1.46 g/t Au.
• Sample Information:
• Lead concentrate: 4.68 kg composite (No. 232151) from a 2.9 m³ pile.
• Zinc concentrate: 5.2 kg composite (No. 232152) from a 19.5 m³ pile.
• Laboratory Analysis: Initial fire assays performed by Agat Laboratories (Calgary, AB and Thunder Bay, ON); additional multielement and gold analyses conducted on the same protocols with new splits of archived reject material.
• Future Plans: EDM will conduct further assaying of existing concentrates and commission a comprehensive review of gold potential at Scotia using professional geological services.
• Mine Life Production Estimates (2021 Prefeasibility Study): 417,144 tonnes of zinc concentrate and 194,004 tonnes of lead concentrate expected over the mine’s life.

Notable Quotes

“With these very high gold grades… we instructed Agat Laboratories to carry out additional analyses, which provided strong confirmation of the initial results.” – Mark Haywood, President & CEO, EDM Resources Inc.

Qualified Person: Mark Haywood, BEng (mining engineering) (honours), LLB, qualified under NI 43‑101.