Wedgemount Resources Corp. announce additional updated production results from the Willowbend light oil project, located in the Permian Basin of Central Texas. As of February 16, 2023, the five-day average Willowbend field production was 104 boepd, which represents a significant increase from the Fourth Quarter 2022 average of 25 boepd.

To date, three of eleven wells on the Project have undergone both well and formation chemical treatments with the balance anticipated to be treated prior to the end of March 2023.