Mr. Mark Vanry reports

WEDGEMOUNT RESOURCES ASSIGNS NET REVENUE INTEREST ON PERMIAN BASIN ASSETS

Wedgemount Resources Corp. has signed an agreement to assign a net revenue interest (NRI) in the company's west-central Texas oil and gas assets to two arm's-length third parties for proceeds of $235,000 (U.S.).

Under the terms of the NRI, Wedgemount will pay the assignees 10 per cent of the company's net revenues realized by Wedgemount Texas Corp. (the subsidiary) until 100-per-cent return of capital. Thereafter, the NRI will be reduced to 6.5 per cent until the assignees have received 200-per-cent return of capital. The NRI shall be calculated after deduction of royalties and taxes and before operating expenses. NRI payments will commence as of July 25, 2026.

Use of proceeds

Proceeds from the NRI will be immediately deployed for additional field optimization work on the company's Permian basin assets, the result of which is anticipated to increase the existing production of oil, condensate and natural gas.

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 oil and gas projects in Texas, United States.

We seek Safe Harbor.