Bedford Metals Announces Closing of Private Placement and Completes Acquisition of Ubiquity Lake and Sheppard Lake Uranium Projects

NEWS RELEASE

BEDFORD METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND COMPLETES

ACQUISITION OF UBIQUITY LAKE AND SHEPPARD LAKE URANIUM PROJECTS

Vancouver, Canada – October 24, 2025 – Bedford Metals Corp. (TSX-V: BFM, FWB: 08D, ISIN:

CA0762301012) (the “Company” or “Bedford”) is pleased to announce that it has closed a non-brokered

private placement (the “ Offering”) of 3,333,335 flow-through common shares of the Company (the

“Shares”) at a price of $0.30 per Share for gross proceeds of $1,000,000.50 (the “Offering”).

In connecƟon with closing of the Offering, the Company issued 333,333 common shares at a deemed price

of $0.20 per share to an arms-length party who assisted in introducing subscribers to the Offering. All

securiƟes issued in connec Ɵon with the Offering are subject to restric Ɵons on resale un Ɵl February 24,

2026, in accordance with applicable securiƟes laws.

The Company also announces that it has completed the previously announced acquisiƟon of the Ubiquity

Lake and Sheppard Lake Uranium Projects through the issuance of 3,050,000 common shares, at a deemed

price of $0.225 per share, to sa Ɵsfy the remaining payment obligaƟons owing. The Company now owns

both the Ubiquity Lake and Sheppard Lake Uranium Projects, subject to conƟnuing royalty obligaƟons.

All common shares issued in connecƟon with the acquisiƟon of the projects are subject to restricƟons on

resale unƟl February 24, 2026, in accordance with applicable securi Ɵes laws. For further informa Ɵon

regarding the acquisiƟon of the projects, readers are encouraged to review the news release issued by the

Company on August 18, 2025.

For further informaƟon, please contact the Company at [email protected] or 604-622-1199 or visit

the Company’s website at www.bedfordmetals.com.

On behalf of the Board,

Bedford Metals Corp.

“Peter Born”

President

Neither the TSX Venture Exchange nor its Regula Ɵon 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 SecuriƟes LiƟgaƟon Reform Act of 1995 and applicable Canadian securi Ɵes laws. When or

if used in this news release, the words “an Ɵcipate” , “believe”, “esƟmate”, “expect”, “target, “plan”,

“forecast”, “may”, “schedule” and similar words or expressions iden Ɵfy forward -looking statements or

informaƟon. Such statements represent the Compan y’s current views with respect to future events and

are necessarily based upon a number of assumpƟons and esƟmates that, while considered reasonable by

the Company, are inherently subject to significant business, economic, compe ƟƟve, poli Ɵcal and soci al

risks, con Ɵngencies and uncertain Ɵes. 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 obliga Ɵon, to update these forward -looking statements or informaƟon

to reflect changes in assump Ɵons or changes in circumstances or any other events affec Ɵng such

statements and informaƟon other than as required by applicable laws, rules and regulaƟons.