Edge Resources : Announces Strong Quarterly Performance (AIM)

Edge Resources Inc. ("Edge" or the "Company") is pleased to announce its unaudited third quarter results for the three month ("Q3 2015") and nine month periods ended December 31, 2014.

Detailed operating and financial results are presented in Edge's unaudited quarterly financial statements and related Management Discussion & Analysis ("MD&A"), which can be accessed on the Company's website (www.edgeres.com) and on SEDAR (www.sedar.com) and are briefly summarised below.

Financial Highlights for the three and nine month periods ending December 31, 2014:

• Average production in the quarter increased 20% over the previous quarter to 569 boepd (474 boepd in Q3 2014), despite temporarily shutting-in some heavy oil wells during the construction of the water disposal facility in Eye Hill. 

• Oil and Natural Gas Sales of $2,608,000 during the quarter (versus $1,932,000 million one-year earlier, with WTI near US$100/bbl) and $8,439,000 for the nine month period, compared to $6,820,000 for the nine month period one-year earlier.  Quarter-over-quarter sales increased 11% from $2,357,000 for the period ended September 30, 2014.

• Cash generated from operating activities increased 470% to $564,000 versus $99,000 the previous quarter. For the nine month period ending December 31, 2014, cash from operating activities increased 45% to $1,805,000, compared to $1,241,000 for the nine months ended September 30, 2014 and $901,000 for the nine months ended December 31, 2013. 

• Operating Costs for oil decreased again this quarter to $16.82/bbl, a 21% decrease compared to the previous quarter.  This lower operating cost does not yet include the positive impact from the water disposal facility, which became operational after the quarter end.

• During the quarter, oil prices dropped materially from WTI US$90/bbl on October 1, 2014 to close at WTI US$53/bbl December 31, 2014, a 41% price slide in a 91 day period.

Brad Nichol, President and CEO of Edge commented, "Despite the headwinds the industry is facing at the moment, our quarterly results were excellent.  We generated significant cash from our operations and kept a very tight rein on costs and operational efficiencies.  These downturns in our industry allow our team to demonstrate our specialty, which is running a tight, efficient business no matter how hard the wind is blowing in our faces.  This quarter, the Company actually achieved production increases, without additional capital expenditure on drilling wells.  Additionally, we are looking forward to reaping the savings from our new water disposal facility, which became fully operational in January."  Nichol added, "With WTI prices hovering around US$50/bbl, we are unlikely to consume our existing inventory of drilling locations; however, we are keen to acquire production, reserves, land and additional drilling locations when the cost of those acquisitions are expected to be at their lowest in a generation.  We expect the competition for assets to be less intense in the heavy and medium oil regimes, where operational expertise is a significant barrier to entry; thus, we intend to remain focused on our heavy and medium oil sandbox where we have already established a clear competitive operational advantage over other potential consolidators."

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

Brad Nichol, President and CEO                                             Phone: [phone]

Sanlam Securities UK Limited (Joint Broker and NOMAD)     Phone: [phone]

Simon Clements / James Thomas / Max Bascombe

SP Angel Corporate Finance LLP (Joint Broker)                     Phone: [phone]

John MacKay / Richard Hail

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.

Forward-Looking Statements

This news release includes certain information, with management's assessment of Edge's future plans and operations, and contains forward-looking statements which may include some or all of the following: (i) anticipated production rates; (ii) expected results of capital programs; (iii) expected timelines for production optimization; (iv) net debt levels; (v) anticipated operating costs; and (vi) expected capital projects and associated spending; which are provided to allow investors to better understand the Company's business. By their nature, forward-looking statements are subject to numerous risks and uncertainties; some of which are beyond Edge's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, changes in environmental tax and royalty legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources, and other risks and uncertainties described under the heading 'Risk Factors' and elsewhere in the Company's Management Discussion and Analysis and other documents filed with Canadian provincial securities authorities and are available to the public at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The principal assumptions Edge has made includes security of land interests; drilling cost stability; finance and debt markets continuing to be receptive to financing the Company, the ability of the Company to monetize non-core assets and industry standard rates of geologic and operational success. Actual results could differ materially from those expressed in, or implied by, these forward-looking statements. Edge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.

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.