Mr. Mark Vanry reports

WEDGEMOUNT ANNOUNCES WARRANT EXERCISE AND INCREASED CASH BALANCE

A total of 12,616,000 common share purchase warrants of Wedgemount Resources Corp. with an exercise price of 10 cents were exercised prior to expiry on Sept. 21, 2023. The exercises resulted in gross proceeds of $1,261,600. Wedgemount's current cash balance has increased to approximately $1.2-million.

Post the exercise of the warrants, the company has a total of 52,187,935 common shares issued and outstanding.

Wedgemount's excess working capital combined with cash flows from operations is intended to be utilized to further grow its production base. In particular, management plans to invest capital to optimize Wedgemount's current producing wells and to purchase additional assets in the company's core central Texas operating area.

About Wedgemount Resources Corp.

Wedgemount Resources is a junior natural resources company focused on maximizing shareholder value through the acquisition, development and exploitation of oil and gas leases in Texas, United States.

We seek Safe Harbor.