WCE:CC - Leo Berezan Acquires Additional Common Shares as Part of Settlement of Lawsuit

(TheNewswire)

April 2, 2024 – TheNewswire - Calgary, Alberta – Leo Berezan (the “ Offeror ”), acurrent insider WesCan Energy Corp. (“ Wescan ”) (TSXV:WCE) by virtue ofbeing a 10% shareholder through his holdings personally and through a company controlled by him, 401601 BCLtd. (“ Holdco ”) as well as being a director and officer of WesCan, announces that effective March 28, 2024, t heOfferor has acquired an additional 2,313,000 common shares in the capital of Wescan (“ Common Shares ”)from an arm’s length shareholder and creditor of WesCan at a priceof $0.04 per Common Share pursuant to the terms of an agreement aspart of a negotiated settlement of outstanding debt and to settle alawsuit with said creditor. Prior to completion of the issuance, theOfferor beneficially owned and controlled 7,632,800 Common Shares, constituting approximately 18.4% of theoutstanding 41,472,957 Common Shares issued and outstanding on both anundiluted and diluted basis. Following the acquisition describedabove, the Offeror holds a total of 9,945,800 Common Shares,representing approximately 23.98% of the issued and outstanding41,472,957 Common Shares on both an undiluted and dilutedbasis.

Mr. Berezan has acquired the Common Shares forinvestment purposes and from time to time, Mr. Berezan may acquireadditional securities of Wescan, dispose of some or all of theexisting or additional securities he holds or will hold, or maycontinue to hold his current position.

An early warning report is being filed concurrentlywith this news release under Wescan’s SEDAR profile at www.sedar.com and a copy ofthe report may be obtained from SEDAR or by contacting Mr. Berezan atthe address below.

For more information contact:

Leo Berezan
Suite 210, 8399 200 Street
Langley, BC V2Y 3C2

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