Mr. Mark Vanry reports

WEDGEMOUNT ANNOUNCES PASSING OF DIRECTOR, UPSIZED PRIVATE PLACEMENT CLOSING, & RSU GRANTS

Cody I. Campbell, independent non-executive director of Wedgemount Resources Corp., on March 6, 2026.

Mr. Campbell, aged 43, had been serving as an independent director of the company since its founding in 2020. Mr. Campbell's extensive experience working with junior natural resource companies provided great value and guidance to the entire Wedgemount team.

The board expresses its sincere condolences to Mr. Campbell's family and extends its deepest sympathy during this trying time.

Following Mr. Campbell's passing, the company will initiate the process to identify and appoint a suitable candidate to fill the position.

Closing of private placement

The company also announces it has closed its previously announced $1.25-million non-brokered, private placement.

Pursuant to the closing, the company issued 25 million common shares at five cents per share for gross proceeds of $1.25-million. In connection with the offering, the company paid finders' fees of $16,520.

The company intends to use the net proceeds from the offering for marketing, expansion of field operations and general working capital purposes.

Securities issued under the offering, are subject to a hold period expiring Aug. 7, 2026, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws.

Grant of equity compensation

The company further announces that, pursuant to its equity compensation plan, it has approved the grant of an aggregate of one million restricted share units (RSUs) to certain executive officers of the company.

Each RSU entitles the holder to receive, upon vesting, one common share, a cash payment or a combination thereof, at the discretion of the board of directors, in accordance with the terms of the plan and for no additional consideration. The RSUs vest on Aug. 7, 2026.

Any common shares issued pursuant to the RSUs, will be subject to a four-month hold period expiring on Aug. 8, 2026.

About Wedgemount Resources Corp.

Wedgemount Resources is a junior oil and gas company focused on maximizing shareholder value through the acquisition, discovery and advancement of natural resource projects in North America.

We seek Safe Harbor.