Wedgemount Resources Appoints Senior Operations Manager

Vancouver, BC – January 24, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) (“Wedgemount” or the “Company”), is pleased to announce that Ms. Heidi Flaig has been retained as Senior Operations Manager for the Company’s Permian Basin oil and gas assets located in west central Texas. Ms. Flaig and her firm, Petrosaurus Inc., will function as a turnkey technical and business service provider to the Company’s US Subsidiary, Wedgemount Texas Corp. (“WTC”).

Mark Vanry, President and CEO of Wedgemount, comments, “We are thrilled to welcome Heidi to the WTC team. Heidi and her colleagues at Petrosaurus Inc. bring over forty years’ experience providing turnkey operational and business solutions to oil and gas companies in the central Texas region. Heidi’s ability to source underproducing asset opportunities, implement development plans, enhance production, and maximize operational efficiencies will prove invaluable to WTC as it executes its oil and gas strategy. Importantly, Ms. Flaig’s firm owns the equipment necessary to construct and maintain our sites which provides WTC with the most competitive costs and rapid response times while avoiding the confusion and delays that so often occur when third party vendors are involved.”

Ms. Flaig is currently President of Petrosaurus, Petrosaurus Solutions, and CEO of IAO Energy. She brings 20+ years of experience working with US based E&P companies with a particular focus on helping companies overcome operational and technical issues through the optimization of systems. Innovative chemical solutions developed by Ms. Flaig that are customizable for Texas oil and gas challenges, provide a key component of Petrosaurus’ value add. Heidi also brings seven years management experience building oil and gas companies through coordinated management of strategic business projects to build credibility with stakeholders at multiple levels.

About Wedgemount Resources Corp.

Wedgemount Resources is a junior natural resources company focused on maximizing shareholder value through the acquisition, discovery and advancement of natural resource projects in North America.

On behalf of the Board of Directors,

WEDGEMOUNT RESOURCES CORP.

Mark Vanry, President and CEO

For more information, please contact the Company at:

Telephone: (604) 343-4743

info@wedgemountresources.com www.wedgemountresources.com

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 anticipated completion of the acquisition and the proposed timing thereof, the anticipated benefits of the acquisition, the potential for gas production and production from additional zones on the Assets, potential additional acquisition opportunities in the area of the Assets and 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. Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Wedgemount Provides Update on Texas Oil and Gas Acquisition

Vancouver, BC – January 12, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) (“Wedgemount” or the “Company”), announces that it has completed the first of three payments in connection with the definitive agreement (the “Transaction”) to acquire certain West Texas, Permian Basin, oil and gas production assets (the “Project”) (announced December 19, 2022).

The Company completed a payment to the arm’s length vendors of US$250,000 with additional payments of US$500,000 (on or before February 28, 2023) and US$750,000 (on or before March 31, 2023) scheduled to meet closing conditions of the Transaction.

On closing of the Transaction, the vendors will relinquish operators status and transfer title to the leases and ownership of related surface facilities and equipment to the Company’s wholly owned Texas subsidiary, Wedgemount Texas Corp. (“WTC”). Concurrent with closing, WTC will have earned a 100% working interest in the leases comprising the Project subject to underlying royalties averaging 19%.

Conditional to closing, WTC will be credited by the vendors with an amount equal to the net oil and gas revenue from the Project for the period commencing January 1, 2023 and up to the date of closing of the Transaction (the “Interim Period”) which amount will be reconciled by vendor via a settlement statement rendered within 60-days of closing of the Transaction. During the Interim Period, the vendor will conduct operations at the direction of WTC. WTC is responsible for oil and gas production taxes as well as property taxes during the Interim Period.

Separately, the Company determined that it would not proceed with its option on the red claims located in north central British Columbia (the “Cookie Property”). The Company completed exploration work on the claims comprising the Cookie Property in 2021 after which it determined not to proceed further. The Company continues to hold mineral claims comprising greater than 10,000 hectares in the vicinity of the Cookie Property.

About Wedgemount Resources Corp.

Wedgemount Resources is a junior natural resources company focused on maximizing shareholder value through the acquisition, discovery and advancement of natural resource projects in North America.

On behalf of the Board of Directors,

WEDGEMOUNT RESOURCES CORP.

Mark Vanry, President and CEO

For more information, please contact the Company at:

Telephone: (604) 343-4743

info@wedgemountresources.com www.wedgemountresources.com

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 anticipated completion of the acquisition and the proposed timing thereof, the anticipated benefits of the acquisition, the potential for gas production and production from additional zones on the Assets, potential additional acquisition opportunities in the area of the Assets and 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. Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Wedgemount Resources Appoints Senior Petroleum Advisor

Vancouver, BC – January 4, 2023 – Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) (“Wedgemount” or the “Company”), is pleased to announce that Mr. Richard Naden has been retained as a Senior Petroleum Advisor to the Company, to consult on matters related to oil and gas production, exploitation and enhanced recovery for the Company’s Permian Basin focused US Subsidiary, Wedgemount Texas Corp.

Mark Vanry, President and CEO of Wedgemount comments, “We couldn’t be more pleased to have Richard join the Wedgemount team and work in coordination with our geoscience and field operations groups. Richard brings a wealth of both North American and International experience which will be invaluable in helping the Company achieve its goal of growing both production and reserves on our recently acquired Willowbend property located in central Texas. In particular, Richard’s engineering perspective in well planning, recompletions, stimulation and enhanced oil recovery is a perfect fit for the mature conventional assets found in central Texas.

Richard Naden is a US-based advisor and senior petroleum consultant having spent 30+ years focused on domestic and international oil and gas development. His past experience as a professional engineer in both technical and executive roles, includes VP, Engineering and Operations with Baytex Energy, then founding Enriched Petroleum Consulting and carrying out prominent consulting assignments with Pearl E&P, P1 Energy, and Bankers Petroleum. Richard has extensive expertise in asset reviews, due diligence, economic modeling, field exploitation, secondary and enhanced recovery schemes, and production operations. Mr. Naden has a Bachelor of Science in Mechanical Engineering from the University of Calgary.

About Wedgemount Resources Corp.

Wedgemount Resources is a junior natural resources company focused on maximizing shareholder value through the acquisition, discovery and advancement of natural resource projects in North America.

On behalf of the Board of Directors,

WEDGEMOUNT RESOURCES CORP.

Mark Vanry, President and CEO

For more information, please contact the Company at:

Telephone: (604) 343-4743

info@wedgemountresources.com www.wedgemountresources.com

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 anticipated completion of the acquisition and the proposed timing thereof, the anticipated benefits of the acquisition, the potential for gas production and production from additional zones on the Assets, potential additional acquisition opportunities in the area of the Assets and 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. Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.