Mr. Mark Vanry reports

WEDGEMOUNT APPOINTS SHELDON COTE AS HEAD OF OPERATIONS & ENGINEERING

Wedgemount Resources Corp. has appointed Sheldon Cote as head of operations and engineering. In this role, Mr. Cote will provide senior engineering oversight and technical leadership across the company's Texas oil and gas assets. Wedgemount holds directly through its subsidiary Wedgemount Texas Corp. 131 wells across 22,000 acres of leasehold in Runnels and Coleman counties, Texas, in the Eastern shelf of the Permian basin.

Management commentary

"Sheldon's appointment as head of operations and engineering is an important step for the company as we advance our oil and gas development program," said Mark Vanry, chief executive officer of Wedgemount. "His experience in all facets of oil and gas production, including 25 years in artificial lift systems and production optimization, will be a significant asset as we continue enhance production, evaluate development opportunities and build out our technical expertise across the company's Permian basin assets. Sheldon's direct experience working on similar light oil assets in West Texas is crucial in helping unlock the value of Wedgemount's portfolio."

Mr. Cote commented: "I am pleased to join Wedgemount on its development journey. Over the course of my career, I have developed a strong understanding of the kind of light oil opportunities in West Texas that Wedgemount has assembled. My experience in sand face management and reservoir deliverability, along with production management from both a technical and business standpoint, will support Wedgemount in developing its opportunity set. I anticipate my focus on production optimization, combined with Wedgemount's asset base, should really benefit the company's and its shareholders."

Mr. Cote brings 31 years of international experience in overseeing all facets of oil and gas production, including well and facilities optimization, artificial lift, flowback, sand face, and wettability management. Mr. Cote previously worked in a variety of engineering roles at BP America, BP/Vico (Indonesia), Yuma Exploration, Pioneer Resources and PDVA. He holds a degree as a petroleum engineering technologist from the Southern Alberta Institute of Technology, 1995.

About Wedgemount Resources Corp.

Wedgemount Resources is an oil and gas company focused on maximizing shareholder value through the acquisition, development and exploitation of energy projects in the southern United States.

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