Wedgemount Resources Upsizes Private Placement

Vancouver, BC — March 26, 2026 — Leads & Copy —

Wedgemount Resources Corp. (CSE: WDGY) has announced its intention to increase its previously announced non-brokered private placement to up to 20,000,000 common shares at CAD$0.05 per share, for gross proceeds of up to CAD$1,000,000 (the “Offering”).

The company intends to allocate approximately one-third of the net proceeds from the Offering towards marketing initiatives, with the remaining balance earmarked for oil field operations and general working capital purposes.

According to the announcement, the upsizing of the financing reflects confidence in Wedgemount’s operational upside potential and near-term development plans across its Permian Basin asset base.

All securities issued under the Offering will be subject to a hold period expiring 4 months and 1 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.

Wedgemount Resources CEO Mark Vanry commented on the potential implications of current Middle East hostilities on the global oil market, stating, “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.”

The company plans to advance a series of operational upgrades across its wells and facilities in west central Texas using the additional capital. The program will prioritize enhancements to oil and water handling infrastructure, with the goal of increasing well uptime and lowering operating costs. Wedgemount anticipates that these improvements will lead to greater operational efficiency and support sustained production levels, potentially approaching the Company’s previously reported 24-hour combined test rate of over 800 BOEPD.

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

Mark Vanry serves as President and CEO of Wedgemount Resources Corp.

Source: Wedgemount Resources Corp.