Wescan Energy Set to Spud Multilateral Well in Provost This Week, Announces $1.3 Million Convertible Debenture Financing

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. Sharehol

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