Wedgemount Resources Corp. Reports Significant Production Increase and Positive Well Performance

Vancouver, BC – June 23, 2026 – Leads & Copy – Wedgemount Resources Corp. (CSE: WDGY) (FSE:8H5) announced a significant increase in oil and gas production, with total output rising 62% over the past three weeks to an average of 203 barrels of oil equivalent per day (BOEPD) based on the last seven days. The current production mix comprises approximately 60% light oil and 40% natural gas and condensate. This production surge was achieved despite adverse weather conditions, including record rainfall and recent flash floods impacting the company's operational areas in west central Texas.

A key contributor to this increase is the D-29 well, which has averaged 34.2 BOEPD over the past nine days, including 27 barrels per day of light oil. Notably, these strong production rates were realized without any workover or major chemical stimulation. The D-29 well had been inactive for six years before Wedgemount brought it back online in mid-June. The company expressed optimism that D-29's production can be maintained at current or higher levels following further optimization.

Mark Vanry, CEO of Wedgemount Resources, stated, “we’re very encouraged by our early well results since our spring financing and in particular the notable performance of our D-29 well which has come on multiples higher than our expectations.” He added that there are eight additional inactive wells on leases adjacent to D-29, and the company hopes to achieve similar results from them once they are brought back online. Vanry also noted that overall production is slightly ahead of internal projections since the April financing.

Wedgemount's operational focus for its 22,000 acres will include surface and subsurface improvements aimed at increasing production, sales, and reserve recoveries. The company also plans to initiate a development plan targeting bypassed pay zones and identifying future drilling locations across its extensive land holdings. Near-term initiatives for June and July will concentrate on bringing additional wells into production, involving pump replacements and repairs, chemical cleanouts, replacement of legacy electrical components, further injection well work, and road repairs necessitated by flood damage.

Beyond the optimization of existing vertical production wells, Wedgemount sees significant growth potential across its leases, with an estimated inventory of over 500 potential drilling locations based on a 40-acre spacing. Wedgemount Resources is a junior natural resource company focused on acquiring, developing, and exploiting energy projects in the southern United States.

Source: Wedgemount Resources Corp.