Firebird Global Master Fund, Ltd. announces completion of the reverse takeover of Wedge Energy International Inc. by Undur Tolgoi Minerals Inc.

CAYMAN ISLANDS, Nov. 15, 2011 /CNW Telbec/ - Firebird Global Master Fund, Ltd. ("FGMF") announces that the previously reported arrangement agreement between Undur Tolgoi Minerals Inc. ("UTMI") and Wedge Energy International Inc. (CNSX; WEG) (the "Issuer") has been completed. Pursuant to the arrangement agreement, the Issuer purchased all of the issued and outstanding shares of UTMI, which the shareholders of UTMI, including Firebird Mongolia Fund, Ltd. ("FMF"), tendered in exchange for common shares of the Issuer. Please refer to the Issuer's November 15, 2011 press release for details of the completion of the arrangement.

Prior to the completion of the arrangement, (i) FGMF received 4,967,130 common shares of the Issuer as settlement of the outstanding interest in the amount of $49,671.30 on the $197,000 Note and $220,000 Note (as defined below), (ii) Firebird Global Master Fund II, Ltd. ("FGMF2"), a joint actor of FGMF, received 4,893,959 common shares of the Issuer as settlement of the outstanding interest in the amount of $48,939.59 on the $235,000 Note and $180,000 Note (as defined below) and (iii) FMF disposed of 500,000 common shares of UTMI.

As a result of the completion of the arrangement, among other things, (i) the common shares of the Issuer held by FGMF and FGMF2 were consolidated on a 20:1 basis (ii) a CDN$197,000 principal amount note convertible into an aggregate of 19,700,000 common shares of the Issuer at a conversion price of $0.01 per common share (the "$197,000 Note") and a CDN$220,000 principal amount note convertible into an aggregate of 4,400,000 common shares of the Issuer at a conversion price of $0.05 per common share (the "$220,000 Note") held by FGMF are being repaid, (iii) a CDN$253,000 principal amount note convertible into an aggregate of 25,300,000 common shares of the Issuer at a conversion price of $0.01 per common share (the "$235,000 Note") and a CDN$180,000 principal amount note convertible into an aggregate of 3,600,000 common shares of the Issuer at a conversion price of $0.05 per common share (the "$180,000 Note") held by FGMF2 are being repaid and (iv) FMF received 9,687,580 common shares of the Issuer in exchange for the same number of common shares it held in UTMI.

Furthermore, concurrently with the closing of the arrangement, (i) FMF acquired additional 5,500,000 common shares, (ii) Firebird New Mongolia Fund, LP. ("FNMF") acquired 9,500,000 common shares, (iii) James Passin acquired 1,000,000 common shares and (iv) Harvey Sawikin acquired 1,000,000 common shares of the Issuer by way of a private placement offering at a price of $0.20 per share.

Under applicable securities legislation, FGMF2, FMF, FNMF, James Passin and Harvey Sawikin may be considered to be joint actors of FGMF in relation to the Issuer. SMDD Capital Ltd., whose position was reported in a previous press release of FGMF, is no longer considered a joint actor of FGMF following the completion of the arrangement. Therefore, its position is not disclosed in this press release.

FGMF reports that the aggregate number of securities of the Issuer currently held by FGMF and its joint actors, namely FGMF2, FMF, FNMF, James Passin and Harvey Sawikin is 27,679,722 common shares. Out of the 27,679,722 common shares (i) 530,749 common shares are held by FGMF, (ii) 461,393 common shares are held by FGMF2, (iii) 15,187,580 common shares are held by FMF, (iv) 9,500,000 common shares are held by FNMF, (v) 1,000,000 common shares are held by James Passin and (vi) 1,000,000 common shares are held by Harvey Sawikin. The 27,679,722 common shares held by FGMF and its joint actors represent approximately 51.40% of the current outstanding common shares of the Issuer.

This press release is being issued in order to comply with the disclosure requirements under applicable securities legislation. This press release is not an admission that FGMF owns or controls any described securities or is a joint actor with anyone else.

SOURCE FIREBIRD GLOBAL MASTER FUND, LTD.

For further information:

or to obtain a copy the report, contact:

Mr. James Passin, Director
Firebird Global Master Fund, Ltd.
(212) 698-9260
JPassin@fbird.com

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FIREBIRD GLOBAL MASTER FUND, LTD.

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