Mr. Mark Vanry reports

WEDGEMOUNT WELLS TEST AT 840 BOE/D

Wedgemount Resources Corp. has provided the following update on its recent well testing program in west-central Texas. During December, 2025, and January/February, 2026, Wedgemount conducted well tests across its asset base as part of annual compliance procedures for the Texas Railroad Commission. The combined 24-hour test results totalled 841 barrels of oil equivalent per day composed of 80 per cent light oil and condensates and 20 per cent natural gas.

Testing

Testing comprised all the company's producing wells. Once optimized with chemical treatments, additional workovers and improved surface facilities, the company anticipates total production could be significantly higher.

"Our 2026 capital program is focused on high-return, quick-payout development across each of Wedgemount's four Permian basin operating areas," stated chief executive officer Mark Vanry.

Macro commentary

In spite of continued oil and gas price volatility, Wedgemount will continue to focus on low-cost well optimizations of its current inventory of producing wells to both boost production and add additional reserves.

Financing

Currently, Wedgemount is focused on efforts to obtain additional financing to cover its Texas field operations, and general and overhead costs, settle accounts payable, as well as implement capital investments. Capital investments are aimed at improving water-handling and surface facilities, which may allow the company to produce at higher rates on a sustained basis.

Cautionary note on short-duration well tests

The production rates for the wells are based on a stabilized flow period of 24 hours during compliance testing. While these short-term rates demonstrate encouraging productivity and confirm the prospectivity of the asset base, they are not indicative of recently achieved production results, and should not be relied upon as indicative of future long-term average production, estimated ultimate recovery or sustained deliverability.

About Wedgemount Resources Corp.

Wedgemount Resources is a junior natural resource company focused on maximizing shareholder value through the acquisition, development and exploitation of energy projects in the southern United States.

We seek Safe Harbor.