Bedford completes survey at Sheppard Lake

Bedford Metals Corp. completed a 1,006 line-kilometre airborne Falcon gravity gradiometry (AGG) survey at its Sheppard Lake uranium project in Saskatchewan on October 22, 2026. The survey measures subsurface rock density variations to map lithological contacts, faults, and hydrothermal alteration zones. Final data is expected within two to three weeks.

The company will integrate the gravity results with previously completed MobileMT electromagnetic data, which identified conductive anomalies at Warr Lake, TZ-1, and TZ-2, to refine the geological model and prioritize future drill targets. Qualified Person Francis R. Newton, PGeo, has reviewed and approved the technical information under NI 43-101.

Historical progression review (oldest to most recent): - October 2025: Company closed a $1M private placement at $0.30/share and acquired the Sheppard Lake and Ubiquity Lake projects. - January 2026: Completed Phase 3 exploration, drilling 298.5m limited by weather, and signed an agreement with English River First Nation. - April 2026: Closed another $1M private placement at a lower price of $0.20/share. - June 2026: Completed Spring 2026 drilling (1,135.7m), identifying shallow, laterally continuous mineralization. - August 2026: Reported drill results including 0.133% U3O8 over 0.6m at TZ-1. - September 2026: Commenced the Falcon gravity survey. - October 2026: Completed the gravity survey, moving to the data integration phase.

The announcement contains no new assay results, financial updates, or strategic shifts. The news aligns with the company's stated exploration plan to use geophysical data to guide the next phase of drilling. The market impact is expected to be neutral as the data release is merely a precursor to target refinement. Projections materialize as planned: the company moved from drilling to geophysical surveys to target selection. No surprises or misses are noted.

Bedford Metals Corp. is a uranium exploration company focused on the Sheppard Lake and Ubiquity Lake projects in northern Saskatchewan, located along the southern margin of the Athabasca Basin. The flagship Sheppard Lake project covers a 13,092-hectare land package. Exploration has focused on identifying conductive anomalies and structural corridors associated with uranium mineralization.

Recent drilling in Spring 2026 intersected shallow, laterally continuous mineralization at the TZ-1 target, including:

• 0.133% U3O8 over 0.6m
• Broad intervals of 0.014% to 0.049% U3O8

The company is in the pre-revenue exploration stage, relying entirely on external financing.