News & Press Releases

(TheNewswire) WesCan Energy Corp. Calgary, Alberta – September 24th, 2026 – TheNewswire – Wescan Energy Corp. (TSXV: WCE) ("Wescan" or the "Company") is pleased to announce that drilling of its Wescan 105 Provost 15-21-38-3 multilateral horizontal well in the Provost area of east-central Alberta has been completed successfully. The well was drilled from spud to total depth in 13 days, with seven horizontal legs totaling 6,159 meters drilled in the Rex Member of the Mannville Group from a single wellbore. The drilling rig was released on September 22, 2026. The well was drilled within the approved drilling budget and without any safety or environmental incidents. The horizontal legs were geosteered using Pathfinder, an advanced geosteering program developed by Bitcap, which fully integrates the Company's 3D seismic interpretation with real-time drilling data. This integration allowed the wellsite team to position each lateral within the target zone with a high degree of confidence and was a significant contributor to the efficiency of the drilling program. The well is Wescan's third multilateral in the Provost area. Completion and equipping operations are scheduled to begin immediately, with the well expected to be tied in and on production in October 2026. The Company will provide a further update once initial production results are available. "When we announced this financing, we told our shareholders we would put the capital to work quickly and efficiently, and that is exactly what has happened," said Leo Berezan, Chief Executive Officer and Chairman. "The well is drilled, the rig is released and the budget is intact. Our focus now is on completing the well and bringing it on production. I want to thank our shareholders and debenture holders for their support." "Seven legs and more than six kilometers of lateral in 13 days, on budget and without incident, is exactly the outcome we planned for," said Sarshar Ahmad, Chief Operating Officer of Wescan. "Having seismic and real-time drilling data integrated in one platform through Pathfinder gave us a clear picture of where every leg was sitting in the reservoir, and that made a real difference to how efficiently we drilled this well. The team kept it on schedule and within the AFE, and released the rig on time. Our attention now turns to completing the well and bringing it on production." About Wescan Energy Corp. Wescan Energy Corp. is a junior oil and gas exploration and production company headquartered in Calgary, Alberta, with operations focused in the Provost area of east-central Alberta. The Company's Common Shares trade on the TSX Venture Exchange under the symbol "WCE". Further information is available at [www.wescanenergy.com] and under the Company's profile on SEDAR+ at www.sedarplus.ca. TSX Venture Exchange Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information WesCan Energy Corp. | 1900, 350 – 7th Ave SW, Calgary, Alberta. T2P 3N9 Leo Berezan, Chief Executive Officer and Chairman Telephone: +1-604-240-3064 | Email: leo@berezan.ca Sarshar Ahmad, Chief Operating Officer and Director Telephone: +1-403-816-4037 | Email: sahmed@wescanenergycorp.com Company filings are available on SEDAR+ at www.sedarplus.ca. "Forward-Looking Information This press release contains forward-looking information and statements (“forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are based on current expectations, assumptions, estimates, and projections that involve a number of risks and uncertainties, many of which are beyond the Company’s control. Forward-looking statements in this release include, but are not limited to, statements regarding future production performance, optimization plans, development opportunities, and the Company’s growth trajectory. Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors, including operational risks, commodity price fluctuations, regulatory changes, and other risks described in the Company’s public disclosure documents. Readers are cautioned not to place undue reliance on forward-looking statements. WesCan Energy Corp. undertakes no obligation to update these forward-looking statements except as required by law." Copyright (c) 2026 TheNewswire - All rights reserved.

(TheNewswire) WesCan Energy Corp. Calgary, Alberta – September 24th, 2026 – TheNewswire – Wescan Energy Corp. (TSXV: WCE) ("Wescan" or the "Company") is pleased to announce that drilling of its Wescan 105 Provost 15-21-38-3 multilateral horizontal well in the Provost area of east-central Alberta has been completed successfully. The well was drilled from spud to total depth in 13 days, with seven horizontal legs totaling 6,159 meters drilled in the Rex Member of the Mannville Group from a single wellbore. The drilling rig was released on September 22, 2026. The well was drilled within the approved drilling budget and without any safety or environmental incidents. The horizontal legs were geosteered using Pathfinder, an advanced geosteering program developed by Bitcap, which fully integrates the Company's 3D seismic interpretation with real-time drilling data. This integration allowed the wellsite team to position each lateral within the target zone with a high degree of confidence and was a significant contributor to the efficiency of the drilling program. The well is Wescan's third multilateral in the Provost area. Completion and equipping operations are scheduled to begin immediately, with the well expected to be tied in and on production in October 2026. The Company will provide a further update once initial production results are available. "When we announced this financing, we told our shareholders we would put the capital to work quickly and efficiently, and that is exactly what has happened," said Leo Berezan, Chief Executive Officer and Chairman. "The well is drilled, the rig is released and the budget is intact. Our focus now is on completing the well and bringing it on production. I want to thank our shareholders and debenture holders for their support." "Seven legs and more than six kilometers of lateral in 13 days, on budget and without incident, is exactly the outcome we planned for," said Sarshar Ahmad, Chief Operating Officer of Wescan. "Having seismic and real-time drilling data integrated in one platform through Pathfinder gave us a clear picture of where every leg was sitting in the reservoir, and that made a real difference to how efficiently we drilled this well. The team kept it on schedule and within the AFE, and released the rig on time. Our attention now turns to completing the well and bringing it on production." About Wescan Energy Corp. Wescan Energy Corp. is a junior oil and gas exploration and production company headquartered in Calgary, Alberta, with operations focused in the Provost area of east-central Alberta. The Company's Common Shares trade on the TSX Venture Exchange under the symbol "WCE". Further information is available at [www.wescanenergy.com] and under the Company's profile on SEDAR+ at www.sedarplus.ca. TSX Venture Exchange Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information WesCan Energy Corp. | 1900, 350 – 7th Ave SW, Calgary, Alberta. T2P 3N9 Leo Berezan, Chief Executive Officer and Chairman Telephone: +1-604-240-3064 | Email: leo@berezan.ca Sarshar Ahmad, Chief Operating Officer and Director Telephone: +1-403-816-4037 | Email: sahmed@wescanenergycorp.com Company filings are available on SEDAR+ at www.sedarplus.ca. "Forward-Looking Information This press release contains forward-looking information and statements (“forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are based on current expectations, assumptions, estimates, and projections that involve a number of risks and uncertainties, many of which are beyond the Company’s control. Forward-looking statements in this release include, but are not limited to, statements regarding future production performance, optimization plans, development opportunities, and the Company’s growth trajectory. Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors, including operational risks, commodity price fluctuations, regulatory changes, and other risks described in the Company’s public disclosure documents. Readers are cautioned not to place undue reliance on forward-looking statements. WesCan Energy Corp. undertakes no obligation to update these forward-looking statements except as required by law." Copyright (c) 2026 TheNewswire - All rights reserved.

Calgary, Alberta – TheNewswire - September 10th, 2026 – Wescan Energy Corp. (TSXV: WCE) ("Wescan" or the "Company") announces that it spudded its Wescan 105 Provost 15-21-38-3 multilateral horizontal well on September 10th 2026, and drilling operations are underway. The well, the Company's third multilateral in the Provost area of east-central Alberta, targets the Rex Member of the Mannville Group and is fully funded by the $1.3 million convertible debenture financing announced on September 9th 2026, together with cash on hand. Drilling is expected to take approximately 15 days, and the Company will provide a further update once the well has reached total depth. "Every part of this well, from the target selection and the directional plan to the rig, the crews and the schedule, was put in place well before the licence was issued, which is why we were able to spud within days of receiving it," said Sarshar Ahmad, Chief Operating Officer of Wescan. "The crew is drilling ahead on plan, and we intend to bring this well on production on time and on budget." About Wescan Energy Corp. Wescan Energy Corp. is a junior oil and gas exploration and production company headquartered in Calgary, Alberta, with operations focused in the Provost area of east-central Alberta. The Company's Common Shares trade on the TSX Venture Exchange under the symbol "WCE". Further information is available at [www.wescanenergy.com] and under the Company's profile on SEDAR+ at www.sedarplus.ca. TSX Venture Exchange Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information WesCan Energy Corp. | 1900, 350 – 7th Ave SW, Calgary, Alberta. T2P 3N9 Leo Berezan, Chief Executive Officer and Chairman Telephone: +1-604-240-3064 | Email: leo@berezan.ca Sarshar Ahmad, Chief Operating Officer and Director Telephone: +1-403-816-4037 | Email: sahmed@wescanenergycorp.com Company filings are available on SEDAR+ at www.sedarplus.ca. "Forward-Looking Information This press release contains forward-looking information and statements (“forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are based on current expectations, assumptions, estimates, and projections that involve a number of risks and uncertainties, many of which are beyond the Company’s control. Forward-looking statements in this release include, but are not limited to, statements regarding future production performance, optimization plans, development opportunities, and the Company’s growth trajectory. Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors, including operational risks, commodity price fluctuations, regulatory changes, and other risks described in the Company’s public disclosure documents. Readers are cautioned not to place undue reliance on forward-looking statements. WesCan Energy Corp. undertakes no obligation to update these forward-looking statements except as required by law." Copyright (c) 2026 TheNewswire - All rights reserved.

(TheNewswire) WesCan Energy Corp. Calgary, Alberta – TheNewswire - September 9th, 2026 – Wescan Energy Corp. (TSXV: WCE) ("Wescan" or the "Company") is pleased to announce two milestones: the Company has been granted a licence by the Alberta Energy Regulator for a multilateral horizontal well in the Provost area of east-central Alberta (the "Provost Well"), and, weather permitting, the drilling rig is expected on location this week with spud to follow immediately. To fully fund the well through to production, Wescan is also launching a non-brokered private placement of convertible debentures for gross proceeds of up to $1,300,000 (the "Offering"). Highlights Drilling now. Licence received; weather permitting, the rig is expected on location this week and the Provost Well will spud on arrival, with drilling expected to take approximately 15 days. Fully funded. The $1.7 million all-in cost to drill, complete, equip and tie in the well is covered by the Offering plus existing cash on hand. Multilateral design. Wescan's third multilateral in the area, with multiple horizontal legs from a single wellbore and surface location, maximizing reservoir contact while lowering per-barrel capital and operating costs. Shareholder-friendly financing. 10% annual interest paid quarterly over a two-year term, convertible at any time at $0.25 per share, a meaningful premium to the current share price. No finder's fees. The Provost Well The Provost Well will be Wescan's third multilateral well in the Provost area, building on the Company's experience with the design and applying the lessons learned from its first two wells. Drilling multiple horizontal legs from one wellbore allows Wescan to access substantially more reservoir than a conventional single-leg horizontal well at a fraction of the incremental cost, and to do so from a single surface location with a smaller footprint. Wescan expects the well to be on production in the fourth quarter of 2026, and will update shareholders as drilling and completion progress. Terms of the Offering The Company will issue unsecured convertible debentures (the "Debentures") in the aggregate principal amount of up to $1,300,000 on the following terms: Interest: 10% per annum (2.5% per quarter), calculated and paid quarterly in cash ($32,500 per quarter on the full Offering). Interest accrues from closing, expected on or about September 30, 2026, with the first payment due December 30, 2026. Term: Two years, maturing on or about September 30, 2028 (the "Maturity Date"). Principal not converted by the Maturity Date will be repaid in cash with accrued interest. The Debentures are not redeemable by the Company before the Maturity Date [without the holder's consent]. Conversion: At the holder's option, at any time prior to the Maturity Date, into common shares of the Company ("Common Shares") at a conversion price of $0.25 per Common Share. Full conversion of a fully subscribed Offering would result in the issuance of up to 5,200,000 Common Shares. Use of proceeds: Drilling, completion, equipping and tie-in of the Provost Well, with any balance applied to working capital. Closing: On or about September 30, 2026, in one or more tranches. No finder's fees or commissions are payable. The Debentures and any Common Shares issued on conversion will be subject to a statutory hold period of four months and one day from issuance under applicable Canadian securities laws and the policies of the TSX Venture Exchange (the "TSXV"). Closing is subject to receipt of all necessary regulatory approvals, including TSXV acceptance. Certain directors, officers and other insiders of the Company, and persons related to or associated with them, are expected to participate in the Offering. Such participation constitutes a "related party transaction" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions from the formal valuation and minority approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Debentures issued to, nor the consideration paid by, related parties will exceed 25% of the Company's market capitalization. Management Commentary "Getting the Provost Well licensed and funded in the same week is exactly the kind of momentum we want to build for our shareholders," said Leo Berezan, Chief Executive Officer of Wescan. "The convertible debenture is a clean, low-cost way to fully fund the well from spud to sales line. Holders earn a 10% coupon while the well is drilled and brought on, and they keep the option to convert at $0.25 at any time over the two-year term and participate directly in the upside. We are grateful for the confidence our supporters continue to show in Wescan." "This is our third multilateral in the Provost area, and each one has made us better at it," said Sarshar Ahmad, Chief Operating Officer of Wescan. "Our team has refined the drilling plan and completion design based on what we learned from the first two wells, and the services and rig are lined up to move in this week, weather permitting. Multilateral wells let us contact far more reservoir from a single surface location for a modest increase in cost, and that translates directly into lower per-barrel costs. We are ready to get the bit turning and look forward to reporting results as the well is drilled and tied in." About Wescan Energy Corp. Wescan Energy Corp. is a junior oil and gas exploration and production company headquartered in Calgary, Alberta, with operations focused in the Provost area of east-central Alberta. The Company's Common Shares trade on the TSX Venture Exchange under the symbol "WCE". Further information is available at [www.wescanenergy.com] and under the Company's profile on SEDAR+ at www.sedarplus.ca. TSX Venture Exchange Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information WesCan Energy Corp. | 1900, 350 – 7th Ave SW, Calgary, Alberta. T2P 3N9 Leo Berezan, Chief Executive Officer and Chairman Telephone: +1-604-240-3064 | Email: leo@berezan.ca Sarshar Ahmad, Chief Operating Officer and Director Telephone: +1-403-816-4037 | Email: sahmed@wescanenergycorp.com Company filings are available on SEDAR+ at www.sedarplus.ca. "Forward-Looking Information This press release contains forward-looking information and statements (“forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are based on current expectations, assumptions, estimates, and projections that involve a number of risks and uncertainties, many of which are beyond the Company’s control. Forward-looking statements in this release include, but are not limited to, statements regarding future production performance, optimization plans, development opportunities, and the Company’s growth trajectory. Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors, including operational risks, commodity price fluctuations, regulatory changes, and other risks described in the Company’s public disclosure documents. Readers are cautioned not to place undue reliance on forward-looking statements. WesCan Energy Corp. undertakes no obligation to update these forward-looking statements except as required by law." Copyright (c) 2026 TheNewswire - All rights reserved.

Fourth-quarter production up 61%; de-risked, repeatable Provost oil play sets up a fiscal 2027 program of one multilateral horizontal well and one well re-entry.

Wescan Energy Corp. is pleased to provide an operational update on its upcoming drilling program.

Wescan Energy Corp. is pleased to announce that the Company has acquired a trade license for existing 3D seismic data covering its Provost asset area.

WesCan Energy Corp. is pleased to announce that its recently drilled Provost well (04/15-27-038-03W4/0) has established commercially economic production.

Wescan Energy Corp. is pleased to announce the successful completion of drilling operations for its multilateral horizontal oil well located in the Provost area of east-central Alberta.

WesCan Energy Corp. announces that it has entered into a loan arrangement with a numbered British Columbia company (the “Lender”) whereby the Lender will provide a loan to the Company (the “Loan”).

Wescan Energy Corp. is pleased to announce that drilling operations have commenced on a multilateral horizontal oil well located in the Provost area of east-central Alberta.

WesCan Energy Corp. is announcing that it has issued a total of 1,000,000 options to purchase common shares in the capital of the Company to the Chief Executive Office and Chairman of the Board of Directors of the Company at a price of $0.08 per share (the “Options”).

WesCan Energy Corp. is pleased to announce the appointment of Sarshar Ahmad to the Board of Directors of the Company effective December 30, 2024.

WesCan Energy Corp. is pleased to announce that all resolutions put forward at its most recently held annual general and special meeting of shareholders held on November 15, 2024 were conclusively approved.

Leo Berezan (the “Offeror”), a current insider WesCan Energy Corp. by virtue of being a 10% shareholder through his holdings personally and through a company controlled by him, 401601 BC Ltd.

WesCan Energy Corp. is announcing that at the annual general and special meeting of shareholders of the Company held on September 28, 2023 (the "Meeting"), a new slate of directors was appointed, consisting of Leo Berezan, Greg Busby, Sohaib Abbas, Shubham Garg and Phil Burry.

WesCan Energy Corp. is announcing that it received a letter of resignation from its Chief Executive Officer, Greg T. Busby. Mr. Busby's resignation as Chief Executive Officer of the Company will take effect on November 24, 2023 or such earlier date that the Board of Directors may determine. Mr.

WesCan Energy Corp. is pleased to announce the appointment of Leo Berezan to the Board of Directors of the Company effective May 25, 2023.

WesCan Energy Corp. is pleased to announce that it has successfully closed the acquisition of additional lands within the Company's core area at Provost, Alberta.

WesCan Energy Corp. is pleased to announce the appointment of James (Jim) Pollock to the Board of Directors of the Company effective January 23, 2023.

WesCan Energy Corp. is providing an update to its recently drilled well at Provost, Alberta as the Company has established a more reliable and stabilized flow rate since the well was placed on production on October 28, 2022.

WesCan Energy Corp. is providing an update to the previously announced news release with respect to the Company’s drilling program at Provost. Alberta.

WesCan Energy Corp. is pleased to provide a corporate update as to its recent operations and upcoming drilling program.

WesCan Energy Corp. is pleased to announce that, further to its previous press release, it has now entered into an agreement for a loan transaction providing for an additional infusion of capital in the amount of $500,000 to further assist with its upcoming drilling program at Provost, Alberta (the…

WesCan Energy Corp. is pleased to announce that it has now closed its previously announced nonbrokered private placement of common shares in the capital of the Corporation ("Common Shares") at a subscription price of $0.10 per Common Share for gross proceeds of $500,000 (the "Offering").

WesCan Energy Corp. is pleased to announce, further to its previously issued press release dated February 14, 2022, that it is close to concluding the previously announced financing of up to $1 million, consisting of a combination of common shares in the capital of the Corporation ("Common Shares")…

WesCan Energy Corp. is pleased to announce a proposed financing of up to $1 Million, consisting of a combination of common shares in the capital of the Corporation ("Common Shares") at a subscription price of $0.10 per Common Share in conjunction with the issuance of debt (the "Offering"), with the…