Mr. Mark Vanry reports

WEDGEMOUNT ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT

Wedgemount Resources Corp. intends to upsize its previously announced non-brokered private placement to up to 20 million common shares at five cents per share for gross proceeds of up to $1-million.

The upsizing of the financing reflects growing confidence in Wedgemount's operational upside potential and near-term development plans across its Permian basin asset base.

The company intends to use approximately one-third of the net proceeds from the offering for marketing and the balance for oilfield operations and general working capital purposes. All securities issued under the offering will be subject to a hold period expiring four months and one day after issuance, in accordance with the rules and policies of the exchange and applicable Canadian securities laws.

Certain insiders of the company may participate in the offering. The extent of such participation has not yet been determined.

Completion of the offering is subject to customary conditions and the receipt of all necessary approvals.

Macro outlook

Commenting on the potential implications of the current Middle East hostilities on the global oil market, chief executive officer Mark Vanry stated: "Based on the significant impact of the war in the Middle East, we believe that global oil and gas prices will continue to be elevated in the short and medium term. Worldwide inventories of both crude and refined products are facing the largest interruption in history resulting in higher prices throughout the value chain. Regardless of when hostilities end, we think there will be an ongoing longer term geopolitical risk premium to pricing which has not been a factor in global energy markets on any sustained basis for many decades."

Operational planning update

With the additional capital, Wedgemount intends to advance a series of operational upgrades across its wells and facilities in west-central Texas. The program will prioritize enhancements to oil and water handling infrastructure, aimed at increasing well uptime and lowering operating costs. These improvements are expected to drive greater operational efficiency and support sustained production levels approaching the company's previously reported 24-hour combined test rate of over 800 barrels of oil equivalent per day.

About Wedgemount Resources Corp.

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

We seek Safe Harbor.