Bedford Metals Receives Permit FOR Ground-Based Exploration Program at Sheppard Lake Uranium Project
NEWS RELEASE
BEDFORD METALS RECEIVES PERMIT FOR GROUND-BASED EXPLORATION PROGRAM
AT SHEPPARD LAKE URANIUM PROJECT
June 17TH, 2025—Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or
“Bedford”) is pleased to announce that it has received an exploration permit from the Saskatchewan
Ministry of Energy and Resources for comprehensive groundwork program at the Company’s wholly
owned Sheppard Lake Uranium Project. The program is set to begin in Summer 2025.
The fully funded exploration program will span the entire 13,092-hectare Sheppard Lake property and is
designed to refine existing diamond drill targets and identify new areas of interest. The Company’s
objective is to build upon previous survey results and advance the project toward a drill-ready stage.
A five-person exploration crew will be deployed to conduct a systematic assessment of key targets,
including TZ-1, TZ-2, and the Warr Lake Zone—locations previously identified as high-priority exploration
areas. In addition, the team will investigate new targets, including conductive anomalies uncovered in the
2025 MobileMT survey, as well as historic anomalies derived from earlier VTEM and radiometric datasets.
The groundwork program will include:
Use of man-portable Shaw drills, capable of reaching depths up to 7 meters, to directly test
radioactive outcrops;
Radiometric and ground magnetometer surveys to map surface and near-surface anomalies; and
Strategic deployment of radon gas detection cups in key zones. As a primary decay product of
uranium, radon gas is a valuable indicator of subsurface uranium mineralization.
Given the scope of the Sheppard Lake project, exploration activities will be conducted in two distinct
phases, with the second phase incorporating helicopter support to access more remote areas of the
property.
Peter Born, President of Bedford , stated: "Securing the exploration permit is a major milestone as we
advance our work at Sheppard Lake. With a well-structured field program and multiple high-priority
targets, we are optimistic about uncovering meaningful uranium mineralization across the property. This
program represents a significant step forward in realizing the potential of our flagship asset."
Bedford is committed to responsible exploration practices and to working collaboratively with local
indigenous communities and other regional stakeholders. The Company values meaningful engagement
and aims to ensure that all exploration activities are carried out in a respectful and environmentally
responsible manner, honoring the traditional land use and cultural values of the region.
Further updates will be provided as additional interpretations are completed and preparations for future
fieldwork progress.
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.