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BFM.V ·

Academy Metals to Change NAME to Bedford Metals

Corporate Actions

ACADEMY METALS INC

Suite 313, 515 West Pender Street

Vancouver, British Columbia, V6B 6H5

NEWS RELEASE

ACADEMY METALS TO CHANGE NAME TO BEDFORD METALS

Vancouver, British Columbia – October 26, 2022 – Academy Metals Inc. (the “ Company”)

(TSXV:AM) announces that effective at the opening of markets on October 28, 2022, the common

shares of the Company will commence trading under the new name of Bedford Metals Corp. under

the new ticker symbol “BFM”.

In connection with the change of name, the CUSIP for the common shares of the Company will be

changed to 076230101.

The Company also advises that it will not be proceeding with the $0.12 unit private placement as

previously announced in the news release dated June 27, 2022.

For further information, readers can contact Peter Born, Chief Executive Officer, at

[email protected].

On behalf of the Board,

Academy Metals Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the

United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities

laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”,

“target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward -

looking statements or information. These forward-looking statements or information may relate to

the intended implementatio n of the change of name and other factors or information. Such

statements represent the Company’s current views with respect to future events and are

necessarily based upon a number of assumptions and estimates that, while considered

reasonable by the Comp any, are inherently subject to significant business, economic,

competitive, political and social risks, contingencies and uncertainties. Many factors, both known

and unknown, could cause results, performance, or achievements to be materially different from

the results, performance or achievements that are or may be expressed or implied by such

forward-looking statements. The Company does not intend, and does not assume any obligation,

to update these forward -looking statements or information to reflect chan ges in assumptions or

changes in circumstances or any other events affecting such statements and information other

than as required by applicable laws, rules and regulations.