Announcement • Jul 20

EDM Resources Inc Receives Amended Industrial Approval for Scotia Mine Restart

EDM Resources Inc. has received an amended Industrial Approval for the Scotia Mine in Halifax County, approving the updated mine plan and processing facility for the planned restart of operations, subject to the terms and conditions of the approval. The amended Industrial Approval authorizes the Company's redesigned Scotia Mine development, including modifications to the mine layout, processing facilities, waste rock and tailings management infrastructure and associated environmental protection measures. These changes support the Company's updated Pre-Feasibility Study and planned 2027 mine restart, subject to receipt of the Fisheries Act Authorization. The Scotia Mine is expected to become Nova Scotia's only primary zinc producer and will support the Province's Critical Minerals Strategy, which identifies zinc as a critical mineral supporting renewable energy and advanced manufacturing. The Scotia Mine restart is expected to create approximately 150 direct jobs during operations. The amended approval follows an extensive technical review by provincial regulators and reflects the extensive engineering, environmental and permitting work completed by the Company over the past two years. It also supports a modernized operation incorporating updated processing infrastructure and environmental management systems. The Company continues to advance several key initiatives in parallel, including completion of the updated mineral resource estimate; completion of the updated Pre-Feasibility Study; advancement of project financing initiatives; ongoing discussions with potential concentrate off-take partners; and completion of the remaining provincial and federal permitting requirements. The Scotia Mine is a past-producing zinc-lead mine located approximately 60 kilometres northeast of Halifax, Nova Scotia. The Company is targeting a restart of mining operations in 2027 following completion of permitting, financing and construction activities.

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