Mr. Dan Brown reports

WESTGATE ENERGY INC. PROVIDES OPERATIONAL UPDATE

Westgate Energy Inc. has provided an update on the previously announced three-well program on its Beaverdam assets.

Operational update

Westgate is pleased to report that the three new wells drilled on the company's Beaverdam asset in northeastern Alberta on the Elizabeth Metis settlement (the new wells) are currently producing at rates that have significantly exceeded management's budgeted expectations to date. As previously reported, the company drilled three horizontal wells on its Beaverdam asset lands acquired in September, 2024. These horizontal wells targeted three distinct Mannville stack horizons within the Beaverdam lands.

The new wells were drilled in June and July, 2025, and were brought on production on Aug. 15, 2025. The company's internal forecast had a peak production rate for each horizontal well of approximately 110 barrels per day. Westgate is pleased to report that 30 days after the on-stream date, all new wells are producing above the company's internally forecasted production rates. The average aggregate total production of the new wells over the last seven days is approximately 468 bbl/d. Management's expectation is that current rates are representative of stabilized rates.

Current corporate production for Westgate is 740 boe/d (barrels of oil equivalent per day) with the combined current volumes from its southern assets at Killam/Richdale and northern assets at Beaverdam.

The new wells drilled in Westgate's summer program, across three different Mannville stacked zones has increased Westgate's confidence on its current unbooked drilling locations at Beaverdam. In addition to this, the stratigraphic test that was drilled as part of the summer drill program has shown potential in other Mannville stack zones that are currently not considered in Westgate's inventory.

Company chief executive officer Dan Brown states: "We are very happy with the initial results from the new wells, as all three zones are producing extremely well. We are pleased to have significantly exceeded our internal forecasted rates on these wells, and we are evaluating how these successful results may affect our drilling location count. We are currently planning another drill program at Beaverdam later this year to continue to build on our recent success."

Westgate gratefully acknowledges the valued co-operation and partnership of the Elizabeth Metis settlement in advancing the company's shared goals.

Westgate would also like to extend its sincere appreciation to the field operations team and the service providers whose dedication, expertise and hard work contributed to the successful execution of the first pad at Beaverdam.

About Westgate Energy Inc.

Westgate is focused on the emerging Mannville stack fairway located in northeastern Alberta and west-central Saskatchewan. This fairway is characterized by known accumulations of medium and heavy oil which are being unlocked via the application of innovative drilling techniques that utilize various styles of horizontal drilling. Applying these horizontal drilling techniques has yielded some of the strongest oil well economics across Western Canada.

We seek Safe Harbor.