$1 million Canadian-Focused Private Placement

FOR IMMEDIATE RELEASE

AIM Exchange Symbol: EDG

TSX Venture Exchange Symbol: EDE

Edge Resources Inc.

December 19, 2012

Calgary, Alberta

Edge Resources Inc. Closes $1 million Canadian-Focused Private Placement

Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that, on the heels of its $5 million common share offering in the UK, it has raised a further $1 million from Canadian subscribers (the "Offering"), in response to the oversubscribed UK offering. The majority of the Offering, $1,031,440, represented flow-through subscriptions at a price of $0.32 per share (an 18.5% premium to Monday's closing price), with the remaining $29,500 in common shares at $0.25 per share (a 7.4% discount to Monday's closing price).

Directors, officers, employees and consultants of the Company subscribed for 20%, or $215,000, of the Offering.

The Company paid cash commissions equal to 4% of the gross proceeds of the Offering, with no broker warrants and no warrants attached to the securities.

Proceeds from the Offering will be used for continued exploration and development of the Company's lands in western Canada and for general working capital purposes.

Brad Nichol, President & CEO of Edge, commented: "This financing represented an opportunity for key members of our team to invest heavily in our future. This, combined with the continued support from our large, blue-chip institutional investors provides the resources to fully engage in the large drilling runway on our existing lands. We are keen to get the drilling program kicked-off and we've already taken the initial steps. We expect to see progress on the drilling program in the new year."

The securities issued in the Offering will be subject to a hold period of four months plus one day from closing. The closing is subject to applicable regulatory and TSX Venture and AIM Exchange approvals, with dealings expected to commence on December 27, 2012.

The subscribers included one director, Vishnu Reddy, who subscribed for 40,000 common shares. The directors, other than Mr. Reddy, having consulted with the Company's nominated adviser, Merchant Securities, consider the terms of his subscription to be fair and reasonable insofar as all shareholders are concerned.

Following the Offering, the Company will have 128,802,240 common shares in issue of which Mr. Reddy will hold 40,000 common shares, representing 0.03%.

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 Adviser and Broker

Katie Shelton

Max Bascombe

Lindsay Mair

Scott Mathieson

Phone: +44 (0)20 7628 2200

Buchanan - Financial PR

Tim Thompson

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. 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.