Bedford Metals Applies FOR Drill Permit at Sheppard Lake Uranium Project

NEWS RELEASE

BEDFORD METALS APPLIES FOR DRILL PERMIT AT SHEPPARD LAKE URANIUM PROJECT

July 18, 2025— Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “ Company” or

“Bedford”) is pleased to announce that it has formally submitted its application to the Saskatchewan

Ministry of Energy and Resources for the required exploration drilling permit at its wholly owned Sheppard

Lake Uranium Project, located in northern Saskatchewan.

The permit application marks a significant step toward the Company’s planned drilling program, which

will follow the completion of the current groundwork exploration activities. The proposed drill program is

designed to test high-priority targets across the 13,092-hectare project area, with a focus on zones

exhibiting strong geophysical and geochemical signatures, including TZ-1, TZ-2, and the Warr Lake Zone.

These targets have been further refined through the 2025 MobileMT survey and recent fieldwork,

including systematic radiometric mapping and radon gas analysis.

Peter Born, President of Bedford Metals, commented: "Filing our application for the drill permit is a key

milestone in the development of Sheppard Lake. The targets we’ve identified through recent groundwork

and historical data are extremely compelling, and we are eager to begin testing them through drilling as

soon as approval is granted. We remain fully committed to advancing this project methodically and

responsibly."

The Company anticipates that permitting will be finalized in time to initiate drilling later in the 2025 field

season, subject to regulatory timelines and weather conditions. Details of the drill program, including

scope and target prioritization, will be announced following permit approval.

Bedford Metals continues to operate with a strong commitment to environmental stewardship and

responsible exploration practices. The Company is actively engaged with local Indigenous communities

and regional stakeholders to ensure its exploration activities are conducted in a respectful and inclusive

manner that recognizes traditional knowledge, land use, and cultural values.

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.