Edge Resources Inc. Adds Two Successful Oil Wells

FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG October 30, 2012

EDGE RESOURCES INC. Calgary, Alberta

Edge Resources Inc. Adds Two Successful Oil Wells

Edge Resources Inc. ("Edge" or the "Company") is pleased to announce the successful drilling, completion and equipping of two oil wells at its Grand Forks, Alberta property. The wells have already been tied-into existing pipelines and are being production-tested utilizing the Company's existing facilities.

The locations were chosen based on extensive analysis of 3D seismic and geological interpretation; and therefore, were considered low-risk drilling candidates.

The two new oil wells were drilled on Edge's Grand Forks property in Southern Alberta, where the Company holds a 97% working interest and is the operator of record. Based on the geological logs from the new wells, which showed better porosity and slightly more reservoir thickness than expected, the Company expects to significantly increase production at Grand Forks.

Prior to the two new wells, the Company's Grand Forks property was producing approximately 100 boe/day and the existing infrastructure is capable of handling more than triple that rate.

Brad Nichol, President and CEO of Edge, commented, "Our entire team is extremely pleased to have kept our 100% drilling success rate intact with these two latest wells. The high profitability associated with the medium grade oil production combined with very low, single-digit decline rates from the Grand Forks pool, should suitably improve our associated cash flow in the immediate and long-term. Additional locations in the pool previously identified will now be fine-tuned, based on the higher porosity and net pay we discovered in these new additions." Nichol added, "Our operational team was exceptional. Production on these two wells was brought on-stream less than a week after drilling was completed. The production is not expected to require an extended length of time to stabilize before results can be announced."

Edge also announces the issuance of 500,000 options to consultants of the Company at a strike price of $0.30/share. The options are vested over three years and expire five years after the date of issuance and are issued pursuant to the stock option plan of the Company.

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

Brad Nichol - President & CEO

Phone: +1 (403) 767 9905

Merchant Securities Limited - Nominated Adviser and Broker

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.