January 30^th, 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.