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BFM.V ·

Bedford Metals Engages Grander Exploration FOR Margurete GOLD Project Exploration

Corporate Updates

BEDFORD METALS CORP

NEWS RELEASE

BEDFORD METALS ENGAGES GRANDER EXPLORATION FOR

MARGURETE GOLD PROJECT EXPLORATION

October 3, 2023 – Bedford Metals Inc. (TSX-V: BFM) (the “Company” or “Bedford”) is pleased to

announce the successful completion of its outline for the upcoming exploration program at the Margurete

Gold Project. This comprehensive program will include detailed geological mapping, trenching, and a

series of drilling campaigns.

The Company has undertaken a rigorous tender process, meticulously reviewing potential contractors to

undertake the forthcoming work. After an extensive evaluation, which considered a multitude of factors

such as experience, technical proficiency, and a proven track record, Bedford is pleased to announce its

partnership with Grander Exploration for the execution of this project.

Peter Born, Director and P.Geo for Bedford, expressed his gratitude stating, "I want to extend a heartfelt

thank you to everyone involved in this selection process. Grander's impressive depth of technical expertise

and their experience in the field made them the evident choice for this venture. I am truly looking forward

to what we will accomplish together."

The Company is committed to conducting the Margurete Gold Project exploration program with the

utmost consideration for the environment and in line with the best industry practices. Further details of

the upcoming work program, including its inception date, will be disclosed as they become available.

Bedford remains dedicated to its mission of unearthing the potential that lies beneath, all while

maintaining an unwavering commitment to environmental stewardship.

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, 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.