Bedford Encounters Zones of Anomalous Uranium at Sheppard Lake Uranium Project

August 10, 2026—Bedford Metals Corp. (TSX-V: BFM, FWB: 08D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce the results of its 2026 diamond drill program, completed in May 2026, at its wholly-owned Sheppard Lake Uranium Project, located on the southern margin of Saskatchewan’s prolific Athabasca Basin. Highlights include:

• SHP-26-05: Up to 1,447 CPS, 0.133% U3O8 (1190ppm U total diges�on)
• SHP-26-06 Up to 400 CPS, 0.049% U3O8 (419ppm U total diges�on)

The spring 2026 DDH program consisted of 1,135.71m of diamond drilling. In total, 218 samples were collected, including 104 drill core and 114 composite samples, and were delivered to the SRC Geoanaly�cal Laboratory in Saskatoon where they were analysed for mul�-element, U3O8, and boron assay analyses. Drill holes SHP-26-03 and SHP-26-04 targeted the TZ-2 conduc�ve anomaly, SHP-26-05 and SHP-26-06 targeted the TZ-1 conduc�ve anomaly.

SHP-26-05 returned an interval of 0.133% U3O8 over 0.6m from 21.4-22m (1190 ppm U total diges�on), with an adjacent interval of 0.04% U3O8 from 20.9-21.4m. Scin�llometer readings taken within the same interval in SHP-26-05 returned values of up to 1447 CPS, in a pegma�te. Spectrometer readings returned values of up to 121.1ppm U and 48.1ppm Th.

The figure above shows Uranium assay values in hole SHP-26-05, with associated scin�llometer values. Note that uranium assay spikes are directly associated with elevated CPS values.

SHP-26-06 hosts broad mineraliza�on with a near con�nuous run from 19.5 to 48m, with mul�ple 0.5 to 1.5m intervals between 0.014% and 0.049% U3O8, with the best being 0.049% U3O8 from 36-37m (419ppm U total diges�on). This same interval is present in the composite samples from 20-30m depth, averaging 0.02% U3O8 (190ppm U total diges�on).

The figure above shows uranium assay values in hole SHP-26-05, with associated scin�llometer values. Note that uranium assay spikes are directly associated with elevated CPS values.

Both SHP-26-05 and SHP-26-06 intersected mineralized intervals at roughly the same depth in each hole, indica�ng a laterally con�nuous, shallow mineralized horizon.

Peter Born, President of Bedford, commented: “Both holes drilled into the TZ-1 anomaly returned uranium mineraliza�on at shallow depth, including 0.133% U3O8 over 0.6m in SHP-26-05 and a near-con�nuous mineralized run from 19.5 to 48m in SHP-26-06. With 1,135.71m of drilling completed and TZ-1 confirmed as a mineralized target. These results are highly encouraging and reinforce our confidence in the property's explora�on poten�al, par�cularly around the TZ-1 anomaly. Elevated U3O8 values, strong CPS readings, and proximity to key structural features near the Athabasca Basin boundary all point to a highly prospec�ve system. We are eager to build on these findings as we advance explora�on at Sheppard Lake.”

The map above shows the loca�ons of the four drill holes completed during the 2026 drill program. Bedford Metals remains steadfast in its commitment to conduc�ng all explora�on ac�vi�es in an environmentally responsible manner and in close collabora�on with local indigenous communi�es and other stakeholders. The Company places the highest priority on minimizing its environmental footprint while fostering posi�ve and mutually respec�ul rela�onships within the region.

All samples from explora�on programs are shipped to the Saskatchewan Research Council Geoanaly�cal Laboratories (SRC) in Saskatoon, Saskatchewan in secure containment for prepara�on, processing, and mul�-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and par�al diges�on (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada cer�fied analy�cal laboratory. The SRC is independent of the Company. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by the SRC in accordance with Bedford’s quality assurance/quality control (QA/QC) procedures.

Francis R. Newton, PGeo, (OGQ No. 2129), a consultant to Bedford and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

For further informa�on, 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 Regula�on 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 contain certain “Forward-Looking Statements” within the meaning of the United States Private Securi�es Li�ga�on Reform Act of 1995 and applicable Canadian securi�es laws. When or if used in this news release, the words “an�cipate”, “believe”, “es�mate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions iden�fy forward-looking statements or informa�on. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assump�ons and es�mates that, while considered reasonable by the Company, are inherently subject to significant business, economic, compe��ve, poli�cal and social risks, con�ngencies and uncertain�es. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obliga�on, to update these forward-looking statements or informa�on to reflect changes in assump�ons or changes in circumstances or any other events affec�ng such statements and informa�on other than as required by applicable laws, rules and regula�ons.