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Edge Resources Inc. Closes UK-Based Brokered Private Placement with Major Institutional Investors

CALGARY, ALBERTA -- (Marketwire) -- 12/10/12 -- Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") is pleased to announce that it has closed a UK-based brokered private placement (a "Placing") through the issuance of 19,531,250 common shares (the "Placing Shares") with new and existing institutional investors at a price of 16p per share for gross proceeds of $5 million (GBP 3.125 million).

The Placing was done at a 60% premium to the initial July, 2012 AIM listing price, was supported by major institutional investors and was oversubscribed. It was arranged by the Company's nominated adviser and broker, Merchant Securities Limited ("Merchant"), who was paid a fee equal to 5% of the gross proceeds of the Placing. No broker warrants were issued to Merchant and no warrants were issued as part of the Placing.

The proceeds will be used to further develop the Company's shallow, conventional oil prospects in Western Canada with the intent of simultaneously increasing both production and reserve value.

Specifically, the funds will be used for developing the Company's Primate, Saskatchewan oil prospects with a focus on the 3D seismically-defined discoveries and on "vertical expansion" into additional oil-bearing zones available in the vertical column of formations on the Company's lands. All wells will be drilled in seismically-defined pools. Successful results are anticipated to add additional reserves and oil production through the discovery and delineation of new pools. In addition, the Company may investigate production enhancement opportunities through pressure maintenance of existing pools and will continue to assess potential acquisition opportunities as they arise.

Application will be made to the London Stock Exchange for admission of the Placing Shares to AIM and to the TSX-V, with admission expected to become effective on December 17, 2012. When issued, the Placing Shares will rank pari passu in all respects with the existing common shares. The Placing Shares will represent 15.6% of the Company's issued share capital following admission, when the Company will have 125,460,990 common shares in issue.

Brad Nichol, President & CEO of Edge, commented: "The benefits of our AIM listing are already bearing fruit, as we have now demonstrated an ability to close a placing very quickly, with less cost and less dilution than what would have normally been required in Canada. This placing also allowed us to add some exceptionally large, blue-chip institutional investors to our share register; many of whom normally reserve their investment capital for large-cap companies. This support, in conjunction with Henderson Global Investors' continued backing, gives Edge a critical competitive advantage in a capital-constrained market." Nichol added, "To gratify the need for continued growth, we continue to search for the right opportunities to cost-effectively add production and land to our existing asset base. As well, the proceeds will allow us to kick-start more extensive development of our large inventory of drilling locations, many of which were identified following our recent 3D seismic shoot. We are excited about putting the proceeds to work to create the meaningful growth that our shareholders should, and do, demand."

Additionally, the Company has amended 200,000 options that were previously granted with a strike price of $0.20 per share and due to expire in November, 2013; such that, those same options now have a strike price of $0.30 per share and expire in October, 2017. All other terms and conditions remained unchanged.

For more information, visit the company website: www.edgeres.com.

About Edge Resources Inc.

Edge Resources is focused on developing a balanced portfolio of oil and natural gas assets from properties in Alberta and Saskatchewan, Canada. Management has consistently focused on:

1.  Shallow, vertical, conventional programs with reduced capital,
    operational and geological risks 
2.  Very high or 100% working interests and fully operated assets 
3.  Pools and horizons with exceptionally high reserves in place

The management team's very high drilling success rate is based on the safe, efficient deployment of capital and a proven ability to efficiently execute in shallow formations, which gives Edge Resources a sustainable, low-cost, competitive advantage.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.

Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly if used in isolation. All boe conversions in this report are calculated using a conversion of six thousand cubic feet of natural gas to one equivalent barrel of oil (6 mcf=1 bbl) and is based on an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Trading in the securities of Edge Resources Inc. should be considered highly speculative. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Edge Resources Inc.
Brad Nichol
President & CEO
+1 (403) 767 9905

Edge Resources Inc.
Ward Kondas
+1 (778) 918-8384
[email protected]
www.edgeres.com

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