Commenting on Gold Market Dynamics, Bedford Metals Engages Grander to Explore for the Margurete Gold Project

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VANCOUVER, British Columbia, May 7, 2024 (GLOBE NEWSWIRE) — Bedford Metals Corp. (TSX-V:BFM) (the “Pursue” or “Bedford“) comments on the recent rise in gold prices and its impact on gold mining companies, based on an article by Michael Brush in the April 6, 2024 Dow Jones Newswire.

According to Brush’s analysis, gold prices have experienced a remarkable rise, rising more than 10% since Valentine’s Day and over 20% since last October, reaching all-time highs. While gold mining company stocks have experienced a variable growth rate compared to the recent rise in gold prices, this fluctuation has sparked insightful discussions about the future trajectory of gold investments.

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[Quote from Dow Jones Newswire]: “Either gold stocks go up from here or the price of gold crashes,” said Michael Brush, a columnist at MarketWatch. “Something has to give in the world of gold investing.”

Christopher Mancini, co-manager of the Gabelli Gold Fund, shares his optimistic outlook and claims that gold stocks are poised for significant growth if gold prices continue. Mancini emphasizes that current prices are not sufficiently taken into account when valuing gold mining stocks and provide an opportunity for significant profits.

Although gold mining stocks have not risen at the same pace, industry experts remain optimistic about gold prices. The reasons they cite are ongoing gold purchases by central banks, continued demand from Chinese investors and favorable macroeconomic conditions in the USA

[Quote from Dow Jones Newswire]: “We see that investors want exposure to gold. The more uncertain we can keep this exposure, the better,” comments Jake Klein, CEO of Australian gold producer Evolution Mining.

Bedford Metals recognizes the significant growth potential in the gold mining sector and remains committed to taking advantage of favorable market conditions to increase shareholder value. The company continues to focus on further developing its Margurete Gold Project to benefit from the buoyant gold market.

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In line with this strategic direction Bedford Metals is pleased to announce the appointment of Grander Exploration as Project Manager for the upcoming exploration program Margurete Gold Project. With extensive experience managing detailed exploration programs, Grander Exploration brings invaluable expertise to Bedford Metals’ ambitious plans for the Margurete Gold Project.

Grander Exploration’s proven track record of successfully executing exploration initiatives fits this seamlessly Bedford Metals‘ Commitment to delivering results. The Company’s management team is working closely with the Grander team to define the plans and objectives for the exploration program to ensure alignment with Bedfords’ strategic vision and objectives.

Peter Born, President of Bedford, expressed his excitement about the partnership with Grander Exploration and stated, “We look forward to working closely with Grander Exploration as we enter this exciting phase of exploration.” Margurete Gold Project. The recent rise in gold prices has only increased the opportunity for us to realize the full potential of the project.”

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Bedford reiterates its commitment to conduct all exploration activities in an environmentally friendly manner and in collaboration with local communities and nations. Environmental responsibility and community engagement are integral aspects of Bedford’s operating philosophy and the Company remains committed to upholding these principles in its exploration efforts.

About Bedford Metals Corp.
Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing promising mineral exploration opportunities. Our strategy is to advance and enable our projects from discovery to production Bedford to achieve exceptional shareholder value across the entire mining lifecycle.

Margurete Gold Project. Bedford owns a 100% interest in it Margurete Gold Project. The main target of the Margurete Gold Project is the FB Zone. The project was last explored in 2018 with property-wide prospecting, mapping and rock chip sampling in parallel with a targeted dry bag diamond drilling program. An initial exploration program was completed by Falconbridge in 1986 on the Margurete property. This program included geochemical surveys, ground-based geophysics and a diamond drilling program that successfully identified gold-bearing veins believed to be genetically related to the same mineralization events responsible for the nearby Doratha Morton and Alexandria gold mines.

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For further information, 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 Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements contained herein, other than statements of historical fact, should be considered forward-looking. Although the Company believes that the expectations reflected 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 reflected in any forward-looking statements. There can be no guarantee that such statements will prove to be accurate. Therefore, readers are advised to rely on their own assessment of these uncertainties. We undertake no obligation to update any forward-looking statements, except as required by applicable law.

CONTACT:

MRKT360 INC

https://mrkt360.com

Alex Zeruche

[email protected]

For EST office hours, call 1 416-477-0587

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