Bedford Metals Announces Flow-Through Private Placement

NEWS RELEASE

BEDFORD METALS ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT

October 25, 2024—Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company”

or “Bedford”) is pleased to announce a non-brokered private placement of up to 1,111,111 flow-through

units (each, a “FT Unit”) for gross proceeds of up to $1,000,000 (the “Offering”). Each FT Unit will be

comprised of one common share of the Company issued on a “flow-through” basis (each, a “FT Share”)

and one half (1/2) common share purchase warrant, each full warrant entitling the holder to acquire one

additional non flow-through common share at a price of $1.10 for a period of twelve months from the

date of issuance. Each FT Share will qualify as a “flow-through share” within the meaning of subsection

66(15) of the Income Tax Act (Canada).

An amount equal to the gross proceeds from the issuance of the FT Shares will be used for “Canadian

exploration expenses” that will qualify as “flow-through mining expenditures”, as defined in the Income

Tax Act (Canada).

The Company may pay finders’ fees to eligible parties who have assisted in introducing subscribers to the

Offering. Closing of the Offering remains subject to certain conditions including, but not limited to, the

receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities

issued under the Offering will be subject to a statutory hold period expiring four months and one day from

the closing of the Offering.

For further information, 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 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.

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements that contain “forward-looking information” within the meaning of the

applicable Canadian securities legislation (“forward-looking statements”). All statements, other than

statements of historical fact, are forward-looking statements and are based on expectations, estimates and

projections as at the date of this news release. Any statements that involves discussion with respect to

predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance

(often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”,

“estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of

such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or

“will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking

statements. In this news release, forward -looking statements relate, among other things to: the likelihood of

completion of the Offering, the use of proceeds from sales from the Offering, the closing of the Offering and the

ability to obtain the necessary regulatory authorizations and approvals.

These statements reflect the Company’s respective current views with respect to future events and are

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

management, are inherently subject to significant business, economic, competitive, political and social

uncertainties and contingencies. Many factors, both known and unknown, could cause actual 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 and the Company has made

assumptions and estimates based on or related to many of these factors. Such factors include, without

limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities

in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s

management team and outside contractors; risks regarding exploration and mining activities; the Company’s

inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations;

risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing

and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves

and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to

properties, particularly title to undeveloped properties; laws and regulations governing the environment, health

and safety; the ability of the communities in which the Company operates to manage and cope with the

implications of public health crises; the economic and financial implications of public health crises, ongoing

military conflicts and general economic factors to the Company; operating or technical difficulties in connection

with mining or development activities; employee relations, labour unrest or unavailability; the Company’s

interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the

speculative nature of exploration and development, including the risks of diminishing quantities or grades of

reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for

shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in the

Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward–

looking statements. Although the Company has attempted to identify important factors that could cause actual

results to differ materially, there may be other factors that cause results not to be anticipated, estimated or

intended. The Company does not intend, and does not assume any obligation, to update these forward–looking

statements to reflect changes in assumptions or changes in circumstances or any other events affecting such

statements or information, other than as required by applicable law.