Quarterly Results

FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG March 3, 2014

EDGE RESOURCES INC. Calgary, Alberta

Edge Resources Inc. Announces Results for the Three and Nine Months Periods Ended December 31, 2013 and Provides an Operational Update

Edge Resources Inc. ("Edge" or the "Company") is pleased to announce its unaudited third quarter results for the three month period ended 31 December 2013 ("Q3 2014") and for the nine months ended 31 December 2013. Additionally, the Company is pleased to provide an operational update.

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 period

Ø Production in the quarter averaged 491 boepd (538 boepd in Q2 2014). During this quarter production was purposely restricted to mitigate the impact of a fall in the price of WTI oil and a severe widening of the heavy oil discount (both of which have subsequently reversed).

Ø Sales of C$1.9m for the three months to 31 December 2013 (2012: C$2.3m) and C$6.8m for the nine months to 31 December 2013 (2012: C$6.6m).

Ø Positive funds flow from operations of C$0.5m during the 9-month period versus funds used in operations of C$1.1m for the comparable period last year.

Ø During the quarter, the Canadian heavy oil price touched a multi-year low (dropping below C$50/bbl at one point); however, the Company was still able to generate positive cash flow from operations by reducing comparative quarterly General and Administrative costs by 37% and Operating costs by 31%. Both WTI and Canadian Heavy Oil prices have since returned to more "normal" levels, which, when combined with the lower cost operation, is anticipated to allow the Company to be even more profitable going forward.

· Operational Update

Ø Two months into the current quarter, the Company is very pleased with sales and cash flow from operations that are both on track to exceed the Company's best ever quarter, as a result of (i) a significant increase in production from the newly drilled wells, (ii) the narrowing of the heavy oil discount and (iii) significant increases in natural gas prices.

Ø Current cash flow is strong and supports the Company's focus on near-term debt-reduction and profitability.

Ø Current wellhead production exceeds 650 boepd, representing a 32% increase on the previous quarter's average production rate. This increase is primarily due to new production from the recently-drilled wells, which offer further potential production increases as they are not producing at levels which are even near to optimised rates.

Ø Production from the four new wells that were drilled in December 2013 is still at an early stage, with daily volumes remaining volatile; however, the Company is pleased with the performance of three of these four wells.

o The first well has consistently produced at over 120 bopd with a (low) water-to-oil ratio of below 35%. The production rate is now purposely being restricted to this level to protect against early water invasion and to maintain the long-term integrity of the reservoir.

o The second well experienced a primary cementing issue that caused excessive water production, which the Company has now rectified. The well was very recently eased back on-line and is currently producing at heavily restricted rates of up to 40 bopd with a 20% water-to-oil ratio. This well is expected to produce at rates equal to or better than the first well referred to above.

o The third well is currently awaiting tie-in, as it was producing gas associated with oil at rates that would slightly exceed the Saskatchewan government's allowable vented gas volumes. The short, low-cost tie-in is expected to be completed in the next 30 days. The capture and sale of this associated natural gas will not only generate cash flow for the Company, but more importantly, allow the Company to maximize oil production from this well. During testing, this well experienced restricted flow rates of approximately 80 boepd. The Company will have the ability to more than double this rate once the well is tied in.

o The fourth well encountered a natural gas zone and a thin oil zone. After a short production test, the Company is evaluating the options available, including the possibility of tying the well into the nearby natural gas pipeline.

Brad Nichol, President and CEO of Edge commented, "We are very pleased with our operations during the third quarter and in particular the outcome of our drilling program. The only disappointment in that quarter was a temporary pricing issue that has already been resolved. The Company's performance in the current quarter is benefiting enormously from (i) additional production volumes, (ii) a recovery in the oil price, (iii) a reversal of the seasonal widening of the heavy oil discount - which had a greater market impact than usual this time around and (iv) a market improvement in near-term natural gas prices." Nichol added, "This latest drilling campaign has the combined production from the new wells exceeding our original expectations, with more expected as production increases come through. The Company is now enjoying strong cash flow that should allow us to simultaneously reduce debt and build up our cash resources to fund future drilling."

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. 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)

Condensed Interim Statements of Changes in Shareholders' Equity

(amounts in Canadian dollars)

(unaudited)

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. Going Concern

These 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 $1.1 million for the nine month period ended December 31, 2013. As at December 31, 2013, the Company had a working capital deficiency of $7.2 million that includes $4.8 million in bank debt (excluding derivative assets/liabilities and flow-through share premium). The Company had an unused credit line of $3.2 million on to its revolving credit facility at December 31, 2013. At December 31, 2013, the Company was compliant with its lender's covenants.

In November 2013, the Company raised an additional $3.4 million in equity, which allowed the Company to conduct an accelerated capital program. Management believes that with the aforementioned equity raise, the successful capital program conducted during December 2013, and increased cash flows from operations subsequent to quarter-end, that the Company will generate sufficient funds to meet it foreseeable obligations in the normal course of operations. 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, 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 nine month period ended December 31, 2013.

4. Bank debt

As at December 31, 2013, the Company had lending facilities with a Canadian chartered bank, consisting of an $8.0 million revolving demand credit facility of which $4.8 million ($4.7 million under bankers' acceptances and $0.1 million under prime-based lending) 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 3.00% per annum. Bankers' acceptances are subject to a 4.25% acceptance fee plus an applicable market interest rate. The facilities are secured by a $50.0 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. Repayments for the revolving facility are interest only, 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 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, 2013. A condition of the risk management facility is the Company must not hedge greater than 50% of its estimated forward production on a commodity by commodity basis, on a fixed price basis.

The bank is currently conducting its regular interim review of the lending facilities, which is expected to be finalized in March 2014.

5. Loans payable

As at December 31, 2013, the Company has a loan payable with a principal amount of $8.0 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 and is due January 31, 2017. Any interest and principal repayments for this loan is 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 early at any time without penalty.

On August 29, 2013, the terms of the loan payable were amended, such that the previous principal amounts owing of $7,000,000 (due January 2014) and $1,000,000 (due January 2013), were consolidated into a total balance owing of $8,000,000 bearing simple interest at 10% per annum, with a due date of January 31, 2017. Under the terms of the new agreement, accrued interest is also due and payable January 31, 2017. The due date for interest owing on the previous loan amount was also extended to January 31, 2017. There were no fees associated with the amendment.

The following table summarizes changes in the loans 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).