Wedge Energy International Inc.

Wedge Energy International Inc.

April 29, 2009 15:04 ET

WEG Announces Private Placement

OTTAWA, ONTARIO--(Marketwire - April 29, 2009) - Wedge Energy International Inc. ("WEG" or the "Company") (CNSX:WEG) announced that the Company plans to issue up to 2,400,000 non-brokered units at a price of $0.05 per unit, with each unit comprised of one common share and one common share purchase warrant, each whole warrant exercisable at $0.10 into one common share to 01 May 2012. This issue is to pay off certain legal creditors who have billed at the effective rate of $100 per hour.

"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The CNSX has not approved or disapproved of the information contained in this Press Release."

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