Mr. Dan Brown reports

WESTGATE ENERGY ANNOUNCES PROPOSED AMENDMENT TO PREVIOUSLY ISSUED CONVERTIBLE DEBENTURE

Westgate Energy Inc. and Art Agolli (the holder), a director of the company, have agreed, subject to TSX Venture Exchange approval, to amend the convertible unsecured subordinated debenture of the company, issued on March 7, 2025.

Pursuant to the proposed amendments, the maturity date of the convertible debenture will be extended to April 1, 2027, and the company will be permitted to pay accrued and unpaid interest on the convertible debenture up to the date hereof in advance by issuing common shares in the capital of the company to the Holder. All other terms and conditions of the convertible debenture remain unchanged.

In connection with the proposed amendments, the company has agreed, subject to TSX-V approval, to issue to the holder 316,971 common shares in satisfaction of interest accrued on the convertible debenture from the date of issuance to the date hereof. In completing the share issuance, the company is relying on the exemptions from the formal valuation and minority approval requirements in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, contained in sections 5.5(b) and 5.7(1)(a), respectively.

About Westgate Energy Inc.

Westgate is focused on the emerging Mannville Stack fairway located in northeastern Alberta and west-central Saskatchewan, a region with established medium and heavy oil accumulations. Producers in this fairway are increasingly unlocking these reservoirs with modern horizontal drilling and completion techniques, which have materially improved well performance and capital efficiency. Activity to date has delivered some of the strongest oil well economics in Western Canada.

We seek Safe Harbor.