Wedgemount Resources Shareholder Update

(TheNewswire)

Vancouver, BC – February 5,2026 - TheNewswire -Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) (“Wedgemount” or the“Company”), is pleased to provide the following shareholder updateto summarize recent developments across its operations, financialposition and near-term priorities.  The update outlines severalmatters that have emerged over recent periods, including challengesthat may continue to affect our performance during the first quarterof 2026, while providing steps management is taking to address theseitems and position the Company for longer-term stability and valuecreation.

Management Commentary

“While operational challenges in the latter half of2025 impacted production and financial results, the Company has takendecisive steps to address these issues. With a strengthenedoperational framework and recent additional capital now in place,management is confident in its ability to improve performance. TheCompany is excited to re-establish growth momentum and delivermeaningful efficiency gains in 2026. “

Operations Update

During Q3 and Q4 of 2025 the Company experienced sixweeks during which 3rd party gas pipeline shutdowns forced it toshut in most of its production. Further, due to local brush fires inOctober 2025, additional lease specific shutdowns occurred.  As aresult of the shutdowns, Wedgemount was unable to complete theentirety of its annual compliance work required under Texas RailroadCommission (the “RRC”) regulations, resulting in additionallease and well production curtailments.  It’s now anticipated thatthe RRC compliance work will be completed over the next several weeksafter which the Company will be able to restart production.  Subjectto ramp up going according to plan, the Company anticipates having 39wells on production by the middle of February.

Funding

Management has taken steps to augment its balance sheetby entering into a new $250,000 USD bridge loan with three arms-lengththird parties.  The first lien loan has an exit fee of $250,000 USDand covers a term of six months during which time Wedgemount willtarget additional longer-term financing including but not limited toselling a portion of its assets, monetizing royalties or completingone or more private placements.

Macro

Despite low commodity prices during 2025, generalactivity in Wedgemount’s core area continues to accelerate. Avariety of larger private and public companies are becoming moreactive outside of the traditional shale prone areas of the PermianBasin, which now have diminished drilling inventory after a decade ofhyper growth. The Company’s core focus on the conventional EasternShelf provides opportunity for 3rd partyoperators to leverage future growth through development of bothproducing and by-passed zones using techniques perfected in shaleincluding multi-leg horizontal drilling and improved wellcompletions.

About Wedgemount ResourcesCorp.

Wedgemount Resources is a junior natural resourcecompany focused on maximizing shareholder value through theacquisition, development and exploitation of energy projects in thesouthern, USA.

On behalf of the Board of Directors,

WEDGEMOUNT RESOURCES CORP.

Mark Vanry, President and CEO

For more information, please contact the Companyat:

Telephone: (604) 343-4743 

info@wedgemountresources.com

www.wedgemountresources.com

ReaderAdvisory

This news release may containstatements which constitute “forward-looking information”,including statements regarding the plans, intentions, beliefs andcurrent expectations of the Company, its directors, or its officerswith respect to the future business activities of the Company. Thewords “may”, “would”, “could”, “will”, “intend”,“plan”, “anticipate”, “believe”, “estimate”,“expect” and similar expressions, as they relate to the Company,or its management, are intended to identify such forward-lookingstatements. Forward looking statements made in this news releaseincludes, probability of continuing challenges impacting operationaland financial performance, management’s confidence in its ability to improve performance,re-establish growth momentum and deliver meaningful efficiency gainsin 2026, anticipation that the RRC compliance workwill be completed over the next several weeks, anticipating having 39wells on production by the middle of February, targeting additionallonger-term financing, and the Company’s core focus on theconventional Eastern Shelf providing opportunity. Investors are cautioned that any suchforward-looking statements are not guarantees of future businessactivities and involve risks and uncertainties, and that theCompany’s future business activities may differ materially fromthose in the forward-looking statements as a result of variousfactors, including, but not limited to, availability of funds,personnel and other resources necessary to conduct exploration ordevelopment programs, successes of the Company’s explorationefforts, availability of capital and financing and general economic,market or business conditions. There can be no assurances that suchinformation will prove accurate and, therefore, readers are advised torely on their own evaluation of such uncertainties. The Company doesnot assume any obligation to update any forward-looking informationexcept as required under the applicable securities laws.

Neither the Canadian SecuritiesExchange nor the Investment Industry Regulatory Organization of Canadaaccepts responsibility for the adequacy or accuracy of thisrelease.

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