Bedford Energy announces speed up in drilling program

June 15, 2006 Edmond, Oklahoma, June 15, 2006; Newswire - Bedford Energy, Inc. (OTC "BFDE") (Cusip 076110 105) President Harvey Bryant is pleased to announce that his projections for site prep and drilling time were incorrect and that instead of commencement in late July, as promised, their first well of five on the Chandler lease will break ground next week. He commented that with industry-wide equipment shortages creating long backlogs as well as the scarcity of skilled drilling crews, that BFDE has "worked miracles" in putting this project together from start to first well bore within two months of becoming public. This is considered "in-field" drilling since the new wells are surrounded by wells averaging 50-200bbls per day of oil and 200mcf of gas. Geologists consider "in-field" drilling to have a significantly higher chance that production will average to adjacent wells. Please follow drilling progress and well pictures on www.BedfordEnergy.com for additional details. For additional information contact [email protected] or visit www.bedfordenergy.com About Bedford Energy, Inc. Directors: Harvey Bryant, President / Director Carl Swan, Chairman of the Board Tom Taylor, Director A Nevada corporation Headquartered in Edmond, Oklahoma. Industry / Sector: Independent Oil and Gas SEC DISCLAIMER: THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS. FORWARD LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE DRILLING OR OTHER EXPLORATION OR DEVELOPMENT RESULTS, THE ACTUAL PRESENSE OR RECOVERABLITY OF ESTIMATED RESERVES, THE ABILITY TO ESTABLISH RESERVES EQUAL TO THE POTENTIAL OF EXPLORATION TARGETS, PRODUCTION AMOUNTS OR REVENUES, CONSTRUCTION COSTS OR SCHEDULES OR SIMILAR MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.