Mr. Mark Vanry reports

WEDGEMOUNT ANNOUNCES DELAY IN FILING 2024 ANNUAL FINANCIAL STATEMENTS

Wedgemount Resources Corp.'s annual financial statements for the year ended July 31, 2024, the related management discussion and analysis, certifications of the chief executive officer (the CEO) and the chief financial officer (the CFO), and the annual oil and gas filings required under Part 2 of National Instrument 51-101 -- Standards of Disclosure for Oil and Gas Activities for the year ended July 31, 2024 (collectively, the annual filings), will not be filed by the required filing deadline of Nov. 28, 2024, due to delays in receiving certain financial information regarding the company's reserves data. The company is working diligently with its auditor to complete the annual filings and expects to be able to file the annual filings on or before Jan. 27, 2025.

The company has applied to the applicable securities regulatory authorities and received a management cease trade order (MCTO) imposed against the CEO and CFO of the company precluding them from trading securities of the company. The MCTO will be in effect until the annual filings are filed, and requires that they be filed on or before Jan. 27, 2025.

Until the annual filings are filed, the company intends to satisfy the provisions of the Alternative Information Guidelines set out in National Policy 12-203 -- Management Cease Trade Orders. The company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

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 the Southern United States.

We seek Safe Harbor.