3rd Quarter Results

FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG March 4, 2015

EDGE RESOURCES INC. Calgary, Alberta

Edge Resources Inc. Announces Strong Quarterly Performance 

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:

Ø 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.

Ø 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.

Ø 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.

Ø 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.

Ø 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: +1 403 767 9905

Sanlam Securities UK Limited (Joint Broker and NOMAD) Phone: +44 20 7628 2200

Simon Clements / James Thomas / Max Bascombe

SP Angel Corporate Finance LLP (Joint Broker) Phone: +44 20 3463 2260

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.

Condensed Interim Balance Sheets

(amounts in Canadian dollars)

(unaudited)

Condensed Interim Statements of Net Loss and Comprehensive Loss

(amounts in Canadian dollars)

(unaudited)

See accompanying notes to the condensed interim financial statements.

Condensed Interim Statements of Changes in Shareholders' Equity

(amounts in Canadian dollars)

(unaudited)

See accompanying notes to the condensed interim financial statements.

Condensed Interim Statements of Cash Flows

(amounts in Canadian dollars)

(unaudited)

Notes to the Condensed Interim Financial Statements

Three and nine months ended December 31, 2013

(amounts in Canadian dollars)

(unaudited)

1. General business description

Edge Resources Inc. ("Edge" or the "Company") is engaged in the acquisition of, exploration for, development of and production of oil and natural gas. Edge is a publicly traded company on the TSX Venture Exchange under the symbol "EDE" and the Alternative Investment Market London Stock Exchange under the symbol "EDG", incorporated and domiciled in Canada. The address of business of the Company is Suite 1400, 717 - 7th Avenue SW, Calgary, Alberta, Canada, T2P 0Z3. These financial statements were approved and authorized for issuance by the Board of Directors on February 26, 2015.

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 loss and comprehensive loss of $3.9 million for the nine month period ended December 31, 2014. As at December 31, 2014, the Company had a working capital deficiency of $7.4 million (March 31, 2014 - $6.9 million) that includes $5.8 million (March 31, 2014 - $5.7 million) in bank debt (excluding derivative assets/liabilities).

As per note 6, the Company has a revolving credit facility with a $17.0 million limit, and as of December 31, 2014, there was $11.2 million available for use. However, given the amount available for use under the facility is also limited by the "senior debt to cash flow" ratio, the actual limit will vary on a period by period basis. The calculations of the applicable ratios as of December 31, 2014 are presented in note 17. Management actively forecasts applicable cash flows and will conduct an appropriate capital program based on estimated future credit facility availability. Management believes with its current credit facility, positive expected operating cash flows in the near future despite the recent significant decline in world oil prices and cash flows generated from its hedging program, that the Company will generate sufficient cash flows to meet its foreseeable obligations in the normal course of operations. Management has significantly delayed the Company's capital programs until the pricing environment improves and has and continues to work on strategies to reduce general and administrative and operating costs subsequent to December 31, 2014.

Management has been and continues to be active in seeking alternative sources of funding to help accelerate its planned capital expenditure program, and to ultimately reduce its total debt. The Company cannot provide any assurance that sufficient cash flows will be generated from operating activities to reduce its working capital deficiency and to carry out its planned capital expenditure program.

The above-noted factors describe matters and conditions that indicate the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to attain profitable operations, generate sufficient funds to continue its exploration and development activities, to repay its debts as they come due, and continue to obtain sufficient capital from investors or other sources of financing to meet its current and future obligations.

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

2. Basis of preparation

(a) Statement of compliance

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, 2014 and the notes thereto. All accounting policies and methods of computation followed in the preparation of these condensed interim financial statements are consistent with those of the previous financial year, except as detailed in note 2 (c) "Changes in accounting policies" in these condensed interim financial statements.

3. Property, plant and equipment

(1) On May 15, 2013, the Company completed an asset swap transaction with an unrelated third party such that $200,000 of oil and natural gas interests were swapped for $200,000 of undeveloped lands. The carrying amount of the oil and natural gas interests was $15,000, including a decommissioning provision of $40,000, resulting in a gain on sale of $185,000 for the nine month period ended December 31, 2013.

(2) Due to continued weak commodity prices, the Company performed an impairment test at December 31, 2014 which resulted in recording an impairment loss of $4,400,000 based on an estimated recoverable value of $8,100,000 for the Willesden Green CGU. The impairment was a result of a change to the future cash flow estimates due to a significant decline in the forecast commodity prices at December 31, 2014 compared to March 31, 2014. The recoverable amounts of the Company's CGUs were estimated at the fair value less costs of disposal based on the net present value of the before tax cashflows from oil and natural gas proved plus probable reserves estimated by the Company's management team and calculated at a 10% discount rate for oil interests and a 20% discount rate for natural gas interests. The following represents the forecast prices used to determine fair value in the December 31, 2014 impairment test:

4. Bank debt

In July 2014, the Company replaced its bank debt lender with another Canadian chartered bank. In conjunction with this replacement, the previous bank debt lender was repaid in full and those lending facilities cancelled.

As at December 31, 2014, the Company had lending facilities with a Canadian chartered bank, consisting of a $17 million revolving demand operating credit facility of which $5.8 million was drawn under guaranteed notes. 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 rate on the facility is bank prime plus 1.75% per annum. Guaranteed notes are subject to a 2.75% acceptance fee plus an applicable market interest rate. The facilities are secured by a general security agreement covering all assets of the Company including a subordination agreement with the lender in note 7, and repayments are interest only, subject to the bank's right of demand. The revolving credit facility provides that advances may be made by way of direct advances, guaranteed notes, or standby letters of credit/guarantee.

The revolving facility has the following financial covenant requirements (calculations are presented in note 17):

· The working capital ratio must be maintained above 1.0:1. The working capital ratio is defined as current assets (excluding derivative assets if any) plus the undrawn availability of the revolving facility to current liabilities (excluding the current portion of bank debt and derivative liabilities if any).

· The senior debt to cash flow ratio must not exceed 3.0:1 (3.5:1 for the period ended December 31, 2014 only). The senior debt to cash flow ratio is defined as the amount drawn under the bank facility to net income for the trailing one year period from the balance sheet date adjusted for non-cash items, and less dividends declared and repayments of shareholder loans.

The facilities may be reviewed at any time; however the next review date is scheduled for July 31, 2015.

5. Loan payable

As at December 31, 2014, the Company has a loan payable with a principal amount of $8 million, which bears interest at 10% per annum, is secured against the assets of the Company as a second charge to the Company's lending facility (note 6), and is due January 31, 2017. Any interest and principal repayments for this loan are subject to the bank's prior approval. The loan payable is due to a company that is also a shareholder of the Company, and is repayable at any time without penalty.

The following table summarizes changes in the loan payable:

6. Availability of the Financial Statements and MD&A

Copies of all the Company's Financial Statements and MD&A's will be available on the Company's website (www.edgeres.com) and on SEDAR (www.sedar.com).