Bedford Metals Announces Successful Closing of Acquisition of Cable Lake Uranium Project, Expanding Ubiquity Lake Project

NEWS RELEASE

BEDFORD METALS ANNOUNCES SUCCESSFUL CLOSING OF ACQUISITION OF CABLE LAKE URANIUM

PROJECT, EXPANDING UBIQUITY LAKE PROJECT

March 7th, 2025—Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “ Company”

or “ Bedford”) is pleased to announce the successful closing of the acquisition (the “ Acquisition”) of

Northern Lights Exploration Corp. (“NLE”). NLE is the holder of the Cable Lake Uranium Project, and with

this Acquisition, the Company now controls an aggregate of 13,092 hectares of prospective ground in the

highly promising Athabasca Basin, Saskatchewan.

The Cable Lake property, covering an area of 8,056 hectares, adjoins the Company’s Sheppard and

Ubiquity Lake claims to the north. The Cable Lake claims host over 22 kilometers of electromagnetic (EM)

anomalies situated within relative magnetic lows— a geophysical signature commonly associated with

uranium deposits in the Athabasca Basin. Notably, a 2007 GEOTEM (airborne magnetic and

electromagnetic) survey conducted by Fugro identified an area of interest (ROI 5) just north of Warr Lake,

where Bedford’s 2024 exploration program uncovered several radioactive anomalies.

Pursuant to the terms of the Acquisition, Bedford acquired all of the outstanding share capital of NLE in

consideration for the issuance of 1,000,000 common shares of Bedford to the sole shareholder of NLE

(the “Vendor”). Additionally, the Vendor has been granted the right to acquire 2,500,000 common shares

for total consideration of $1.00, contingent upon Bedford successfully recovering a radioactive sample

from the Cable Lake claims equal to or greater than 0.10% U₃O₈ prior to December 31, 2027. The Company

is at arm's length from the Vendor and NLE, and no finders' fees or commissions were payable in

connection with the Acquisition.

Peter Born, President of Bedford, commented, “We are thrilled to have successfully closed the acquisition

of the Cable Lake Uranium Project. This acquisition significantly expands our Ubiquity Lake project area

and enhances our portfolio with highly prospective ground. The strong geophysical signatures identified

at Cable Lake are very encouraging, and we are eager to begin integrating this new ground into our

exploration plans as we advance our goal of making a significant uranium discovery.”

With the addition of the Cable Lake Uranium Project, Bedford will be updating its exploration plan to

incorporate this newly acquired prospective ground. The Company will refine its targeting efforts using

historical geophysical data, modern exploration techniques, and the findings from its 2024 exploration

programs to prioritize high-potential areas for further investigation. Further details on the exploration

plans for the expanded project area will be provided as they are finalized.

Bedford remains committed to conducting all exploration activities in an environmentally responsible

manner. The company prioritizes sustainability and responsible resource development while ensuring that

all operations are conducted transparently and in collaboration with local indigenous communities and

stakeholders.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and

the President of the Company, and is responsible for and has approved the technical information

contained in this release.

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: completion of the

Acquisition, the ability to obtain the necessary regulatory authorizations and approvals and the development

of a revised exploration plan.

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.