Wedgemount Resources Corp. — Capital/Financing Update 2025

Nov 14, 2025

FORM 51-102F3
MATERIAL CHANGE REPORT

ITEM 1. NAME AND ADDRESS OF COMPANY
Wedgemount Resources Corp. (the "Company")
2303 Lawson Avenue
West Vancouver, BC V7V 2E5

ITEM 2. DATE OF MATERIAL CHANGE
November 5, 2025

ITEM 3. NEWS RELEASE
Issued on November 5, 2025, the news release was distributed via thenewswire.ca and subsequently filed on the System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca.

ITEM 4. SUMMARY OF MATERIAL CHANGE
The Company announced the closing the first tranche of its previously announced non-brokered private placement (the "Private Placement") of units ("Units") for gross proceeds of CAD$107,500 through the sale of 2,150,000 Units at a price of CAD$0.05 per Unit. The Company also granted 1,550,000 stock options that are exercisable for a period of up to three years at a price of CAD$0.05 per share to various directors, officers, and consultants.

ITEM 5.1 FULL DESCRIPTION OF MATERIAL CHANGE
On November 5, 2025, the Company closed the first tranche of the non-brokered private placement, previously announced on October 27, 2025, hereby issuing 2,150,000 units (each a "Unit") at CAD$0.05 per Unit for gross proceeds of CAD$107,500 (the "Offering"). Each Unit entitled the holder to receive one (1) common share in the capital of the Company (each a "Common Share") and one-half of one (1/2) transferable Common Share purchase warrant (each a "Warrant"). Each whole Warrant entitles the holder to acquire one (1) Common Share at CAD$0.12 until November 5, 2027.

In connection with the Offering, the Company may pay finder's fees to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange, being 7% cash commission on total proceeds raised by the finder and

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7% in Warrants on total Units sold by the finder. The Company intends to use the net proceeds from the Offering for general working capital purposes.

The Company also granted 1,550,000 stock options that are exercisable for a period of up to three years at a price of CAD$0.05 per share to various directors, officers, and consultants. The stock options fully vested at the date of grant.

ITEM 5.2 DISCLOSURE FOR RESTRUCTING TRANSACTION

Not applicable.

ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102

Not applicable.

ITEM 7. OMITTED INFORMATION

Not applicable.

ITEM 8. EXECUTIVE OFFICER

Contact: Mark Vanry, President and CEO
Telephone: 604-343-4743

ITEM 9. DATE OF REPORT

November 13, 2025