Mr. Leo Berezan reports

WESCAN ENERGY CORP. ANNOUNCES SPUD OF MULTILATERAL DEVELOPMENT WELL IN PROVOST AREA

Drilling operations by Wescan Energy Corp. have commenced on a multilateral horizontal oil well located in the Provost area of east-central Alberta.

The well, which was spuded on July 30, is part of Wescan's 2025 capital program targeting low-risk, oil development opportunities in the Mannville group. This multilateral well is designed with multiple horizontal legs to efficiently access pay zone and improve recovery factors while minimizing surface footprint and drilling costs.

"This is a key milestone in our development strategy and reflects our continued focus on maximizing capital efficiency and production growth," said Leo Berezan, chief executive officer of Wescan. "The Provost area remains a cornerstone of our asset base, and this well represents our ongoing commitment to unlocking its full potential."

The company expects the well to be drilled and completed over the coming weeks, with first production anticipated in September, 2025. Results will be disclosed once the well has been brought on stream and stabilized.

Wescan continues to advance its operational and financial initiatives with a focus on sustainable, per-share growth and value creation for shareholders.

About Wescan Energy Corp.

Wescan is a Canadian junior oil and gas company engaged in the exploration, development and production of light oil in Alberta. The company's strategy is centred on disciplined capital deployment, operational efficiency and organic growth through development drilling and optimization.

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