OTTAWA, ONTARIO--(Marketwire - July 29, 2010) - Wedge Energy International Inc. (CNSX:WEG) ("WEG" or the "Company") announced that the Company has signed an agreement with two investors wherein the investors have agreed to purchase an aggregate of $400,000 principal amount of convertible notes ("the Notes"). The Notes are convertible into 8,000,000 common shares at a price of $0.05 per share. The Notes mature on November 30, 2010. 

Interest on the principal amount shall be at 10% per annum, calculated and payable on November 30, 2010. The Company has the right to effectuate payment of interest in common shares of the Company.

"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."