3rd Quarter Results

FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG 1 March, 2013

EDGE RESOURCES INC. Calgary, Alberta

Edge Resources Inc. Announces Third Quarter Results

Edge Resources Inc. ("Edge" or the "Company"), is pleased to announce its unaudited third quarter results for the three month period ended 31 December 2012 ("Q3 2012") and for the nine months ended 31 December 2012.

Period Highlights

·; Operational

Ø Average sales volumes for the three months to December 31, 2012 of 834 boe/d, 55% oil and NGL's (comprising 26% oil and 29% NGL's) with 45% natural gas; the increase from the prior year is primarily due to the additional production from the Primate asset acquisition

Ø Average sales price for oil of $64.62/bbl consistent with rest of year; average sales price for NGL's of $17.95/bbl (converted to mcf equivalent is $2.99mcfe); average sales price for natural gas of $3.06mcf ahead of rest of year. The blend of NGL's and natural gas is $3.03mcf.

Ø Discovered three new significant oil pools in Primate, Saskatchewan ("Asset East") through a combination of 2D seismic, drilling and proprietary 3D seismic

Ø Multi-well drilling programme is currently underway as part of the long-term development of Asset East

·; Financial

Ø Revenue of $2.3m for the three months to December 31, 2012 (2011: $1.4m) and for the nine months to December 31, 2012 of $6.6m (2011: $3.8m)

Ø Loss before tax of $0.9m for the three months to December 31, 2012 (2011: $1.1m) and for the nine months to December 31, 2012 of $3.5m (2011: $1.5m)

Ø Shareholders' equity at December 31, 2012 of $15.5m (31 March 2012: $10.1m)

·; Fundraising

Ø C$5 million fundraising with major UK institutional investors completed in December 2012. The fundraising was carried out at a 60% premium to the initial AIM admission price in July 2012

Ø Further C$1 million Canadian focused private placement in December 2012

Ø Proceeds from both the above offerings are being used for the continued exploration and development of the Company's acreage in western Canada and for general working capital purposes

Brad Nichol, President and CEO of Edge commented, "The last three months have been a transitional period for Edge. The discovery of three new oil pools at Primate is a significant development for the Company and we expect to see a very significant increase in the value of these previously undeveloped assets. The successful fundraisings in both the UK and Canadian markets demonstrate unprecedented investor confidence in Edge during a time of turbulence in the overall energy sector. The confidence demonstrated by our UK and Canadian investors permits the continued exploration and development of all of the Company's assets. Edge has remained true to its strategy of focusing on operating in a conventional, shallow arena with properties that offer exceptional economic returns and a low risk profile. Edge will focus the remainder of 2013's capital programme on oil assets in Primate."

To view Edge Resources' full Q3 2012 statements, please go to the company website (www.edgeres.com).

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

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.

Condensed Interim Balance Sheets

(amounts in Canadian dollars)

(unaudited)

Condensed Interim Statements of Net Loss and Comprehensive Loss

(amounts in Canadian dollars)

(unaudited)

Condensed Interim Statements of Changes in Shareholders' Equity

(amounts in Canadian dollars)

(unaudited)

Condensed Interim Statements of Cash Flows

(amounts in Canadian dollars)

(unaudited)

1. Going Concern

These condensed interim financial statements have been prepared on a going concern basis which presumes that the Company will be able to discharge its obligations and realize its assets in the normal course of business. The Company had a net loss and comprehensive loss of $3.5 million in the nine month period ended December 31, 2012. As at December 31, 2012, the Company had a working capital deficiency of $7.5 million that includes $6.9 million in bank debt and excludes $0.4 million in derivative assets and $0.2 million in flow-through share premium. The Company had unused credit lines of $5.1 million related to its revolving credit facility and $6.5 million related to its development/acquisition facility at December 31, 2012. At December 31, 2012, the Company was compliant with its lender's covenants.

Management has been and continues to be active in seeking alternative sources of funding to help pay current liabilities and to continue with its planned capital expenditure program. Management believes with the availability under existing credit facilities, and recent equity issuances that expanded capital spending will be possible to potentially increase reserves and future cash flows, and this will generate sufficient funds to meet its foreseeable obligations.

Management considers the Company is a going concern and has prepared the financial statements on a going concern basis.

2. Basis of preparation

These condensed interim financial statements are unaudited and have been prepared in accordance with International Accounting Standard ("IAS") 34, "Interim Financial Reporting" using accounting policies consistent with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). Certain information and disclosures normally included in the annual financial statements prepared in accordance with IFRS have been condensed or omitted.

The condensed interim financial statements should be read in conjunction with the Company's audited annual financial statements as at and for the year ended March 31, 2012 and the notes thereto.

3. Property, plant and equipment

4. Bank debt

As at December 31, 2012, the Company had lending facilities with a Canadian chartered bank, consisting of a $12.0 million revolving demand credit facility, and a $6.5 million demand development/acquisition facility, of which $6.9 million ($6.0 million under bankers' acceptances and $0.9 million under the prime-based lending) and $NIL were drawn, respectively. The revolving facility is a borrowing base facility that is determined based on, among other things, the Company's current reserve report, results of operations, current and forecasted commodity prices and the current economic environment. The revolving credit facility contains standard commercial covenants for facilities of this nature. The Company also has available a risk management facility which allows the Company to conduct certain financial risk management options. The interest rates on the facilities are bank prime plus 0.75% per annum and bank prime plus 1.25% per annum, respectively. Bankers' acceptances are subject to a 2% acceptance fee plus an applicable market interest rate. The facilities are secured by a $50 million demand debenture and a general security agreement covering all assets of the Company. The revolving credit facility provides that advances may be made by way of direct advances, bankers' acceptances, or standby letters of credit/guarantee. Advances on the development/acquisition facility are subject to bank approval; however the advances are generally limited to the lesser of the estimated development/acquisition cost and the bank's internal valuation of associated reserves. Repayments for the revolving facility are interest only, and repayments for the development/acquisition line are determined by the bank based on their evaluation of the specific circumstances, both subject to the bank's right of demand.

The only financial covenant on the revolving facility is a requirement for the Company to maintain a current ratio (as defined in the credit agreement) of not less than 1.0:1.0, and such ratio is to be tested at the end of each fiscal quarter. The Company was in compliance with this financial covenant as at December 31, 2012. A condition of the risk management facility is the Company must not hedge greater than 50% of its oil and natural gas production. At December 31, 2012, the Company has hedged approximately 49% of its production and is in compliance with this covenant.

The regular interim review for the lending facilities is currently underway, with no expected changes to the above.

5. Loans payable

As at December 31, 2012, the Company has loans payable with principal amounts totalling $8.0 million, which bear's interest as to $7.0 million at 10% per annum and $1.0 million at 12% per annum, and are secured against the assets of the Company as a second charge. Any interest and principal repayments for the loans payable are subject to the bank's prior approval. The loans payable are due to a company that is also a shareholder of the Company.

The following table summarises changes in the loans payable:

The Company has requested and is currently awaiting bank approval to repay the loan plus interest that was due in January 2013. The bank has indicated there should be no issues with the approval. However, the approval is part of the regular interim review of the Company's lending facilities currently underway (note 6). The Company has also notified the lender of the reason for the delay in repayment.

6. Availability of the Quarterly Report

Copies of the report will be available from the Company's website www.edgeres.com