Wedgemount Resources Corp. announced the signing of an option agreement to acquire the Friendly LakeDeer Lake coppergold property (Friendly or the Project) in southcentral British Columbia. Friendly becomes Wedgemount's third copper focused exploration property in one of BC's most prolific copper belts. Under the terms of the Agreement, Wedgemount may acquire up to 100% of Friendly, subject to a 3% net smelter return (NSR), 50% of which can be repurchased by the Company. The yearround, road accessible, 13,000hectare Friendly property is approximately 100 kilometers north of Kamloops, a community with a rich mining and development history. Newgold Inc.'s New Afton copper gold mine is 100 kilometers to the south of Friendly and Imperial Metals Mount Polly coppergold mine is 130 kilometers to the northwest. Previous exploration on the Project, dating back to the 1960's, has included geological mapping, extensive soil and rockchip sampling, trenching, geochemical surveys, groundbased geophysics, however, only limited shallow drilling. The Project is underlain by arcrelated volcanic and volcaniclastic rocks of the Quesnel Terrane (Nicola Group) cut by TriassicJurassic intrusions varying from syenite to diorite with associated porphyry and skarnrelated copper and gold mineralization. The Project comprises two key target areas; Friendly Lake and Deer Lake. The BOGG occurrence, central to the Friendly Lake target, comprises local zones of chalcopyritebornite cemented magmatic breccias associated with the margins of a northwestelongated monzodiorite to syenite intrusive complex (Friendly Lake complex). A grab sample from the BOGG occurrence by the B.C. Geological Survey yielded 3.4 % Cu (Schiarizza and Israel, 2001). The BOGG occurrence forms the northwest extent of an approximately 7kilometer northwesttrending corridor of widespread copper and multielement soil geochemical anomalies locally coincident with complex IP (induced polarization) chargeability anomalies defined by previous surveys. Based on a preliminary compilation of historic drill data, only six drill holes with depths greater than 200 meters have tested for porphyryrelated copper and gold mineralization along this prospective 7kilometer corridor. The Deer Lake target comprises numerous magnetitechalcopyrite skarn occurrences (e.g., Lakeview) associated with the Deer Lake diorite. Historic work has defined multiple poorly tested, multielement soil and rock geochemical and coincident geophysical anomalies (Gruenwald, 2010) considered high priority areas for detailed investigation. Wedgemount is currently compiling and interpreting geochemical data from over 20,000 historic soil samples and over 700 rockchip samples together with historic IP and magnetic geophysical data and historic drill data (shallow reverse circulation and diamond) with the goal of defining new exploration targets and prioritise areas of focus for this upcoming field season. Exploration plans will be released once budgets are set and targets are ranked.