Wedgemount Resources Shareholder Update

Executive Summary

• Wedgemount Resources disclosed a $250,000 USD bridge loan to strengthen its balance sheet and fund near‑term operations.
• The company reported production shutdowns in Q3–Q4 2025 due to gas pipeline outages and brush fires, which delayed Texas Railroad Commission compliance work; completion is expected within weeks.
• Management expects to have 39 wells back on production by mid‑February 2026 and is targeting additional longer‑term financing through asset sales, royalty monetization or private placements.

Key Details

• Bridge Loan: $250,000 USD first‑lien loan from three arm’s‑length third parties; six‑month term; includes a $250,000 USD exit fee.
• Operational Setbacks: Six‑week shutdown in late 2025 caused by third‑party gas pipeline closures; additional lease‑specific shutdowns due to October 2025 brush fires.
• Regulatory Compliance: Incomplete Texas Railroad Commission (RRC) annual compliance work delayed; anticipated completion “over the next several weeks.”
• Production Outlook: Plan to restart production and ramp up to 39 wells on line by mid‑February 2026, contingent on successful RRC compliance and shutdown resolution.
• Financing Strategy: Post‑bridge loan, management will pursue longer‑term financing options, including partial asset sales, royalty monetization, or one/more private placements.
• Macro Environment Commentary: Despite low commodity prices in 2025, activity in Wedgemount’s core Eastern Shelf area is accelerating, with larger operators expanding outside traditional Permian shale zones.

Notable Quotes

“While operational challenges in the latter half of 2025 impacted production and financial results, the Company has taken decisive steps to address these issues… management is confident in its ability to improve performance.” – Mark Vanry, President and CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.