Half Yearly Results

FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG November 27, 2014

EDGE RESOURCES INC. Calgary, Alberta

Edge Resources Inc. Announces Half Year Results

Edge Resources Inc. ("Edge" or the "Company") is pleased to report its operating and financial results, for the second quarter and half year ended September 30, 2014 ("Q2 2015" and "H1 2015").

Detailed operating and financial results are presented in Edge's unaudited 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). The unaudited results for the three and six month periods ended September 30, 2014 are highlighted and summarised below.

Highlights for the three and six month periods, ending September 30, 2014:

· Oil and Natural Gas Sales for H1 2015 amounted to $5,831,131 versus $4,887,341 for the same period last year (19% increase).

· Cash generated from operating activities continued its trend and increased to $1,241,000 in H1 2015 from $850,000 one year ago (46% increase). It increased to $99,000 for Q2 2015, compared to a loss of $185,000 for the same quarter one year ago.

· Net income of $170,000 in H1 2015 versus a net loss of $246,000 for the same period last year.

· Half yearly Operating Costs for oil decreased to $18.52/bbl from $20.42/bbl and oil Netbacks increased to $45.37/bbl from $44.42/bbl. Oil-based half year Netbacks increased to $2,547,000 compared to $2,065,000 one year earlier (23% increase).

· Continued focus on controlling costs resulted in a 5% and 9% decrease in G&A Costs for the quarter and half year periods, respectively.

Brad Nichol, President & CEO of Edge, commented, "We are very pleased with our half-yearly results, as we held our own despite a falling oil price - which started the quarter at $105/bbl and ended the quarter at $91/bbl - and a temporary production issue that occurred and was resolved during the second quarter. Even with these challenges, we exited the first half of our financial year with a Netback above $40/bbl and with more cash and a higher production rate than when we started the quarter. This success was aided by a much-improved heavy oil discount to WTI and a weaker Canadian dollar, both of which appear to be holding steady into the future." Nichol added, "In hindsight, we made excellent capital choices, having chosen to conserve cash in the midst of deteriorating oil prices and take a 'wait and see' approach to our capital plans. While this tact did not provide a multitude of drilling activity and announcements, we are still very excited about the significant number of wells we can, and will, drill in Eye Hill. This view has been reassured by the robust production from the wells we drilled last year and that are still producing at roughly the same - or better - levels than almost one year ago. Additionally, having just generated sales of $1.1 million from October production when the average WTI oil price was $84/bbl, we have nothing but confidence in the path forward. Finally, we are planning to construct a water disposal facility in Eye Hill East, which will provide a level of water handling capacity, capability and cost control that is necessary when considering a large-scale, long-term drilling programme, which is an important step in the bigger blueprint for Eye Hill East. We anticipate that this new facility will enable us to increase production from existing wells whilst at the same time reduce production costs for existing and upcoming wells. Our bank has agreed to fund this facility, which nicely complements our confidence in the long-term strategy and while oil prices are unstable, bringing down operating costs is what I believe all oil companies should be focused on."

To view the Company's full financial statements and MD&A, please go to the Company website www.edgeres.com or to www.sedar.com.

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 Phone: +44 (0)20 7628 2200

Simon Clements / James Thomas / Max Bascombe

SP Angel Corporate Finance LLP Phone: +44 (0)20 3463 2260

John MacKay / Richard Hail / Stuart Gledhill / Zac Phillips (Research)

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.

Competent Person's Statement

The preparation of the technical information contained herein was supervised by Brad Nichol, President and CEO of Edge Resources, who is recognized as a Qualified Person for the purposes of National Instrument 51-101, and who has reviewed and approved the findings in this press releaseCondensed Interim Balance Sheets

(amounts in Canadian dollars)

(unaudited)

Condensed Interim Statements of Income (Loss) and Comprehensive Income (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)

Certain non-cash transactions have been excluded from the statements of cash flows

Notes to the Condensed Interim Financial Statements

Three and six months ended September 30, 2014

(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 loss and comprehensive loss of $0.1 million for the three month period ended September 30, 2014. As at September 30, 2014, the Company had a working capital deficiency of $6.1 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). The Company had an unused credit line of $11.2 million on its revolving credit facility at September 30, 2014. At September 30, 2014, the Company was not compliant with its lender's senior debt to cash flow covenant, however as per note 4, the Company obtained a waiver for the non-compliance.

As per note 4, the Company has a revolving credit facility with a $17.0 million limit, and as of September 30, 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. 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 cash flows in the near future, and its planned capital program, that the Company will generate sufficient cash flows to meet its foreseeable obligations in the normal course of operations. Management has been and continues to be active in seeking alternative sources of funding to help facilitate 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

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, 2013 and the notes thereto.

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 six month period ended September 30, 2013.

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 September 30, 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. 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 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:

· 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. 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 senior debt to cash flow ratio was not met for the period ended September 30, 2014; however, subsequent to September 30, 2014, the Company's bank provided a waiver of the ratio and also increased the same ratio to 3.5 to 1.0 from 3.0 to 1.0 for the period ended December 31, 2014 only.

In addition, the Company may not enter into any risk management agreements with a term greater than two years or for a volume greater than 60% of its forecasted currently producing volumes.

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

5. Loans payable

As at September 30, 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 4) 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).