EDG.L Regulatory News (EDG)

FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG February 27, 2013

EDGE RESOURCES INC. Calgary, Alberta

Edge Resources Inc. Initiates Drilling Programme to Further Develop New Pool Discoveries

Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has moved a drilling rig and spudded the first of several planned drilling locations in Primate, Saskatchewan.

Resulting from a recently-shot 3D seismic programme (announced December 3, 2012), the Company has discovered what it believes to be three new oil pools in an area the Company calls Asset East. The rig has been brought in to start the development programme of Asset East and is drilling the first of what the Company expects will be many development and delineation wells drilled into these oil pools.

The Company believes these new pools hold a significant amount of reserve value and net present value.

Log and production information from the initial wells can be used to define a much larger developmental drilling programme, which could require up to an additional 80 vertical locations to fully develop the pools.

Brad Nichol, President and CEO of Edge commented, "We are excited to continue upon our initial drilling and seismic successes resulting in the initial pool discoveries. Now the team is focused on the longer-term development of Asset East in Primate. Along those lines, we are also pleased to have received final approval for a water disposal programme in Asset East, which fits very nicely into the long-term development plan for these pools."

As a key component to the full development plan for Asset East, the Company is very pleased to have recently received approval to inject produced water, if required, into a nearby existing wellbore on Company-owned lands. If water disposal is required, this approval is anticipated to drastically reduce the cost of water handling as the field is more fully developed.

The Company has a 100% working interest in all of their Primate, Saskatchewan properties - a total of 20 gross/net sections (12,800 acres).

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

Brad Nichol - President & CEO

Phone: +1 (403) 767 9905

Merchant Securities Limited (a member of the Sanlam Group) - Nominated Advisor and Broker

Lindsay Mair

Max Bascombe

Katie Shelton

Phone: +44 (0) 20 7628 2200

Buchanan - Financial PR

Louise Mason

Tom Hufton

Phone: +44 (0)20 7466 5000

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. Targeting shallow, conventional development programs that typically offer reduced capital, operational and geological risks

2. Very high or 100% working interests and fully operated assets

3. Pools and horizons with exceptionally high remaining 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.