Wedgemount Announces Closing of Second Tanche of Private Placement

About this update from Wedgemount Resources Corp.

Vancouver - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ('Wedgemount' or the 'Company'), is pleased to announce it has closed the second tranche of its previously announced non-brokered, $780,000 private placement (the 'Offering'). Pursuant to the closing of the second tranche the Company issued 3,846,323 units (each a 'Unit') at CAD$0.065 per Unit for gross proceeds of CAD$250,011 (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 June 12, 2027 . In connection with the Offering, the Company issued at total of 12,157,640 units for gross proceeds of $790,247 , paid finder's fees of CAD$26,043 , and issued 400,660 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. Securities issued under the second tranche of the Offering, including securities issuable on exercise thereof, are subject to a hold period expiring October 13, 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 Tel: (604) 343-4743 Email: [email protected] Web: www.wedgemountresources.com (C) 2025 Electronic News Publishing, source ENP Newswire

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