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January 19th, 2026 TheNewswire —Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the "Company" or "Bedford") is pleased to announce completion of its Phase 3 Exploration program at its wholly owned Sheppard Lake Uranium Project, which concluded at the end of December 2025 and included an ongoing field program. The fully funded drill program is scheduled to resume in the spring of 2026, drilling the TZ-2 showing, as well as TZ-1 and Warr Lake. The newly discovered Silica Cap Zone at Warr Lake will also be explored with a high-resolution walking magnetometer survey and backpack drilling.
The field program consisted of 3 radiometric surveys in addition to prospecting and grab sampling. Radiometric surveys were conducted at 3 targeted locations: an area west of and adjacent to TZ-2, at TZ-1, and at an area west of Warr Lake. Radiometric data was collected on high-resolution grids with maximum CPS readings collected every 10m along 500m lines, with line intervals spaced at 25m. A total of 3,644 radiometric readings were recorded resulting in the delineation of several anomalous zones, particularly at the TZ-2 west and TZ-1 zones.
A total of 18 grab samples were collected while prospecting outcrop at TZ-1, west of TZ-2, and at Warr Lake with CPS readings up to 10,609, the Silica Cap Zone.
Solid ice coverage by the beginning of December allowed the team to visit the 2 islands in the center of Warr Lake. The larger island to the east contained pink I-type granite, with a definitive increase in banding/metamorphism and had elevated CPS readings with hotspots ranging from 1500-10,000 CPS. The smaller island to the west exhibited a distinctly different lithology with massive coarse/pegmatitic silica/quartz flooding with minor amounts of plagioclase, which is believed to be a silica cap. This silica cap could be the upper reaches of a uranium bearing pegmatite (alaskite style) or a basement style basin deposit. Note that the Warr Lake islands are located adjacent to a N-S trending fault, a NW-SE trending EM conductor, and are within 500m of the Athabasca Basin boundary.
Due to extremely cold weather and resultant equipment problems, only 298.5 m were drilled in total. This included the first hole (SHP-25-01), which had to be abandoned at 32m due to rods binding, and a second hole (SHP-25-02) that traced the same azimuth as hole 1 but a slightly steeper dip to reach a hole length of 266.5m. Both holes were intended to test the area directly south of the TZ-2 showing. A total of 74 samples with a maximum CPS of 152 were collected.
In total, 92 samples (grab samples and drill core) were delivered to the SRC Geoanalytical Laboratory in Saskatoon for multi-element, U3O8, and boron assay analyses.
Bedford remains steadfast in its commitment to conducting all exploration activities in an environmentally responsible manner and in close collaboration with local indigenous communities and other stakeholders. The Company places the highest priority on minimizing its environmental footprint while fostering positive and mutually respectful relationships within the region.
Qualified Person
Dr. Peter Born, PGeo, 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 info@bedfordmetals.com 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.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. 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 obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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