Westgate Energy Inc. Announces Upsizing of Bought Deal LIFE Offering to $6.5 Million

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In all other respects, the terms and purpose of the Upsized Offering and use of proceeds therefrom will remain as previously disclosed in the September 15, 2026 news release.

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The amended and restated offering document (the “Offering Document”) can be accessed under the Company’s profile at www.sedarplus.com and at www.westgateenergy.ca. Prospective investors should read the Offering Document before making an investment decision. The Offering is expected to close on or about September 30, 2026, and is subject to certain conditions including, but not limited to, approval by the TSXV.

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The securities described herein have not been and will not be registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or ‎sold to, or for the account or benefit of, persons in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act), absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any ‎jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States.‎

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About Westgate

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Westgate is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West-Central Saskatchewan, a region with established medium and heavy oil accumulations. Producers in this fairway are increasingly unlocking these reservoirs with modern horizontal drilling and completion techniques, which have materially improved well performance and capital efficiencies.

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Reader Advisories

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In this press release, all references to “$” are to Canadian dollars.

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Forward-Looking Information

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This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “should”, “believe”, “intends”, “forecast”, “plans”, “guidance” and similar expressions are intended to identify forward-looking statements or information.

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More particularly and without limitation, this news release contains forward-looking statements and information relating to the proposed Offering, its size and terms, the anticipated Closing Date, the receipt of required approvals and the anticipated use of proceeds from the Offering. These statements and information are based on expectations and assumptions made by the Company, including completion of the Offering on the proposed terms, receipt of required approvals, prevailing commodity prices and exchange rates, the availability of capital, and the availability and cost of labor and services.

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Although the Company believes these expectations and assumptions are reasonable, there can be no assurance that they will prove correct or that the Offering will be completed on the proposed terms or at all. Actual results may differ materially due to risks and uncertainties, including changes in market conditions or investor demand, failure to obtain required approvals, operational risks associated with oil and gas exploration, development and production, changes in capital expenditure plans, uncertainty in production and cost estimates, commodity price and exchange rate fluctuations, marketing and transportation constraints, environmental risks, competition, access to capital, and changes in tariff, tax, royalty and environmental legislation. Additional risks are described in the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.com.

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The forward-looking statements and information in this news release are made as of the date hereof to provide readers with the Company’s current expectations and may not be appropriate for other purposes. Readers should not place undue reliance on them. The Company undertakes no obligation to publicly update or revise any forward-looking statements or information, except as required by applicable securities laws.

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Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information concerning Westgate Energy Inc., please contact:

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