WCE:CC - WesCan Energy Announces Issuance of Stock Options

(TheNewswire)

April 17, 2024 – TheNewswire – Calgary, Alberta WesCan Energy Corp. (TSXV: WCE) (“ WesCan ” or the“ Company ”) is announcing that it has issued a total of 3,400,000options to purchase common shares in the capital of the Company todirectors, officers and consultants of the Company at a price of $0.06per share (the “ Options ”). The Options vest as to one thirdimmediately, with an additional one third vesting on the six monthanniversary of the date of grant and the final one third vesting onthe first anniversary of the date of grant. The Options expire onApril 17, 2029. The issuance of the Options is subject to approval bythe TSX Venture Exchange and the approval of the revised stock optionplan of the Company, which is expected to be put forth for approval atthe next annual general and special meeting of shareholders of theCompany.

All updates and press releases will be available on theCompany’s website at www.wescanenergycorp.com . Furtherinformation regarding the Company and its future plans will bedisseminated in future press releases.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Leo Berezan, Interim President &CEO                                                                   Ed Leung, Interim CFO

WESCAN ENERGY CORP.                                                                          WESCAN ENERGY CORP.

Tel: (604) 240-3064                                                                          Tel: ( 604) 861-6900

TSX Venture: WCE www.wescanenergycorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWSRELEASE.

THIS NEWS RELEASE IS NOTFOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES

Disclaimer for Forward-Looking Information

Except for statements of historical fact, this newsrelease contains certain “forward-looking information” within themeaning of applicable securities law. Forward-looking information isfrequently characterized by words such as “plan”, “expect”,“project”, “intend”, “believe”, “anticipate”,“estimate” and other similar words, or statements that certainevents or conditions “may” occur. Although the Company believesthat the expectations reflected in the forward-looking information arereasonable, there can be no assurance that such expectations willprove to be correct. Accordingly, readers should not place unduereliance on the forward-looking statements and information containedin this news release. Such forward-looking statements are subject torisks and uncertainties that may cause actual results, performance ordevelopments to differ materially from those contained in thestatements including, without limitation, the risks that a suitablesuccessor is not identified or engaged in a timely fashion. TheCompany assumes no obligation to update the forward-looking statementsof beliefs, opinions, projections, or other factors, should theychange, except as otherwise required by law.

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