Wedgemount Announces Closing of Private Placement

About this update from Wedgemount Resources Corp.

Vancouver - Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) ('Wedgemount' or the 'Company'), announces it has closed the non-brokered private placement announced May 12, 2025 by issuing 8,311,317 units (each a 'Unit') at CAD$0.065 per Unit for gross proceeds of CAD$540,235 (the 'Offering'). Each Unit entitled the holder to receive one (1) common share in the capital of the Company (each a 'Common Share') and one-half of one (1/2) transferable Common Share purchase warrant (each a 'Warrant'). Each whole Warrant entitles the holder to acquire one (1) Common Share at CAD$0.12 until May 26, 2027 . In connection with the Offering, the Company paid finder's fees of CAD$26,043 , and issued 215,600 finder warrants (each, a 'Finder Warrant'), to eligible finders. The Finder Warrants are exercisable at $0.12 until May 26, 2027 . The Company intends to use the net proceeds from the Offering for general working capital purposes. All securities issued under the Offering, including securities issuable on exercise thereof, are subject to a hold period expiring May 27, 2025 , in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws. About Wedgemount Resources Corp. Wedgemount Resources is a junior oil and gas company focused on maximizing shareholder value through the acquisition, discovery and advancement of natural resource projects in North America . Contact: Mark Vanry President and CEO Tel: (604) 343-4743 Email: [email protected] Reader Advisory This news release may contain statements which constitute 'forward-looking information', including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words '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-looking statements. Forward looking statements made in this news release include the proposed use of the proceeds of the Offering. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct exploration or development programs, successes of the Company's exploration efforts, availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. (C) 2025 Electronic News Publishing, source ENP Newswire

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