Bedford Metals Announces Formation of Committee to Explore New Opportunities
BEDFORD METALS CORP
NEWS RELEASE
BEDFORD METALS ANNOUNCES FORMATION OF COMMITTEE TO
EXPLORE NEW OPPORTUNITIES
January 30th, 2024 – Bedford Metals Inc. (TSX-V: BFM) (the “Company” or “Bedford”) is pleased to inform
its shareholders that the Board of Directors has established a dedicated committee to assess a range of
potential exploration opportunities currently under consideration by the Company as additions to its
existing portfolio. While no formal transactions have been agreed to at this time, the Company is actively
engaged in advanced discussions, anticipating the possibility of announcing further developments in the
coming weeks.
Director, Peter Born expressed his enthusiasm for the potential opportunities, stating, "We are genuinely
excited about the various exploration prospects that Bedford is currently reviewing. As we progress in our
evaluations, it became essential to inform the market, especially considering the increasing inquiries we
have received from our stakeholders."
At present, the Company has not finalized any transactions, and the completion of such remains uncertain.
Any transaction remains subject to completion of appropriate due diligence, negotiation of acceptable
terms, and receipt of any required regulatory approvals. Bedford recognizes the importance of
transparency and will keep shareholders informed as negotiations advance. The establishment of the
committee signifies the Company's commitment to thoroughly evaluating and capitalizing on
opportunities that align with its strategic objectives.
Bedford remains dedicated to delivering value to its shareholders and ensuring that any potential
exploration ventures align with the company's vision for sustained growth and success.
About Bedford Metals Inc.
Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by
identifying and developing highly prospective mineral exploration opportunities. Our strategy is to
advance our projects from discovery to production, allowing Bedford to achieve exceptional shareholder
value through the entire life-cycle of mining.
Margurete Gold Project. Bedford owns a one-hundred percent interest in the Margurete. The primary
target at the Margurete Gold Project is the FB Zone, where Falconbridge encountered gold-bearing
mineralization at shallow depths. An initial exploration program was completed on the Margurete
property in 1986 by Falconbridge. This program consisted of geochemical surveys, ground-based
geophysics, and a diamond drilling program, which was successful in identifying gold-bearing veins, which
are believed to be genetically related to the same mineralizing events responsible for the nearby Doratha
Morton and Alexandria Gold mines.
Dr. Peter Born, PGeo, the Chief Executive Officer of the Company, is the designated qualified person as
defined by National Instrument 43-101 and is responsible for, and has approved, the technical information
contained in this release.
For further information, contact the Company at [email protected] or 604-622-1199 or visit
the Company’s website at www.bedfordmetalscorp.com.
On behalf of the Board,
Bedford Metals Corp.
“Peter Born”
Director
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 include forward-looking statements that are subject to risks and uncertainties. All statements within, other
than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from those in forward-looking statements. There
can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the
applicable laws.