Bedford Metals Obtains Satellite Survey Results on the Sheppard Lake Uranium Project, Northern Saskatchewan Page 1

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) — Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce the results of its VNIR (Visible Near Field Infrared) and SWIR (Shortwave Infrared) satellite investigation at its Sheppard Lake Uranium Project, which adjoins the Ubiquity Lake Uranium project, just south of the Athabasca Basin, Saskatchewan.

The statistical analysis, conducted by Dr. Neil Pendock, PhD in Applied Mathematics, successfully identified several positive indicators. Of particular interest was the identification of methane gas, believed to be produced by altered clays, particularly illite. This finding is significant because unconformity-style uranium deposits in the Athabasca Basin are often associated with hydrothermal events that produce illite.