SCOZINC PROVIDES A CORPORATE UPDATE & NAME CHANGE

Halifax, Nova Scotia, January 10, 2022 – ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased to announce that in line with its corporate strategy and shareholders approval, it will be completing its change of name to EDM Resources Inc. on 12th January 2022 (“EDM Resources” or “EDM”).

ScoZinc's President and CEO, Mr. Mark Haywood, stated: “We are very pleased to complete the first step in our strategic corporate expansion by re-branding and enhancing our marketing strategy with the change of the corporate identity to

EDM Resources Inc., combined with our new trading symbol of EDM and matching corporate logo.

EDM represents our primary business goal of applying our 100% owned Scotia Mine cash flow, to further explore and develop compelling regional mineral resource opportunities, primarily in the base and precious metals space in Eastern Canada. With a tightly held capital structure of only 17.9 million shares outstanding, EDM is in a unique position to create significant value for its shareholders.”

Corporate Update:

• The Company’s change of name will occur on 12th January 2022, with a new CUSIP Number of 268333101 and ISIN

Number of CA268331011. The Company’s common shares will trade on the TSX Venture Exchange under the trading

symbol of EDM (TSX.V: EDM). The Company’s new website will be hosted at www.EDMresources.com, with a

range of social media platforms available for our stakeholders and interested parties. We encourage our shareholders

to regularly visit our website and to follow us on our social media platforms including LinkedIn, Facebook and Twitter.

• The Company completed its 2021 Pre-Feasibility Study NI 43-101 Updated Technical Report for the Scotia Mine (the

“2021 PFS”), which demonstrated improved economics, a C1 Cash Operating cost of US$0.50/lb, and a free cash

flow of $55 million in the first 3 years. The 2021 PFS update independently confirmed the mine’s robust economics

and long-life operation for a short payback period of its $30.6 million financing requirement.

• At our AGM on November 30, 2021, shareholders approved all the items before them, including the re-election of all

directors, approval of both the Stock Option Plan and the Restricted Stock Unit Incentive Plan, plus the re-appointment

of Davidson & Company LLP, Chartered Accountants, as the ongoing auditors of the Company.

• The Company is in active discussions with capital providers, on the equity, debt and offtake side, and expects to make

a separate announcement on its progress shortly.

• Pursuant to the Company’s RSU incentive plan, the Board of Directors granted an aggregate of 36,765 Restricted

Stock Units (“RSUs”) in the Company to Mr. Jason Baker. The RSUs will vest on November 5, 2022.