Wedgemount Wells Test at 840 BOE/D

(TheNewswire)

Vancouver, BC – TheNewswire- March 10, 2026 - Wedgemount Resources Corp.(CSE: WDGY) (OTCQB: WDGRF) (“Wedgemount” or the “Company”), ispleased to provide the following update on its recent well testingprogram in west central Texas. During December 2025 andJanuary/February 2026, Wedgemount conducted well tests across itsasset base as part of annual compliance procedures for the TexasRailroad Commission. The combined 24hr test results totalled 841barrels of oil equivalent per day (“BOE/D”) composed of 80% lightoil and condensates and 20% natural gas.

Testing

Testing comprised all the Company’s producing wells.Once optimized with chemical treatments, additional workovers andimproved surface facilities, the Company anticipates total productioncould be significantly higher. “Our 2026 capital program is focusedon high-return, quick-payout development across each of Wedgemount’sfour Permian Basin operating areas,” stated CEO, Mark Vanry.

Macro Commentary

In spite of continued oil and gas price volatility,Wedgemount will continue to focus on low-cost well optimizations ofour current inventory of producing wells to both boost production andadd additional reserves.

Funding

Currently Wedgemount is focused on efforts to obtainadditional funding in order to cover its Texas field operations,general and overhead costs, settle accounts payable as well asimplementation of capital investments. Capital investments are aimedat improving water handling and surface facilities which may allow theCompany to produce at higher rates on a sustained basis.

Cautionary Note on Short-DuartionWell Tests

The production rates for the wells are based on astabilized flow period of 24 hours during compliance testing. Whilethese short-term rates demonstrate encouraging productivity andconfirm the prospectivity of the assets base, they are not indicativeof recently achieved production results and should not be relied uponas indicative of future long-term average production, estimatedultimate recovery or sustained deliverability.

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, Once optimized withchemical treatments, additional workovers and improved surfacefacilities, total production could be higher, 2026 capital programdelivering high-return, quick-payout development, efforts to obtainadditional funding and projected use of proceeds, Capital investmentsimproving water handling and surface facilities which may allow higherproduction rates on a sustained basis, focus on low-cost well optimizations ofcurrent inventory of producing wells to both boost production and addadditional reserves.  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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