Spudded First Well in Primate

FOR IMMEDIATE RELEASE

TSX Venture Exchange Symbol: EDE

AIM Exchange Symbol: EDG July 23, 2012

EDGE RESOURCES INC. Calgary, Alberta

Edge Resources Inc. Moves Drilling Rig and Spuds First Well

Edge Resources Inc. ("Edge" or the "Company") is pleased to announce that it has commenced its summer drilling programme early. The first two wells of Edge's summer drilling programme commenced over the weekend.

The Company opportunistically secured a rig, which was between wells on a separate, nearbyprogramme for another operator.

Brad Nichol, President & CEO, commented, "I'm proud of our operational team, who moved very quickly when we learned of this rig's availability for a short two well window. This allows us to get the first two wells drilled earlier than planned and start production testing while we continue preparations on the remainder of the programme."

The first well is being drilled in an eastern section ("Asset East") of the Company's Primate, Saskatchewan property. This section is a non-producing section that immediately offsets a very actively-drilled area. As this section did not contain any producing wells, it was previously allocated zero value in the Company's reserve report and balance sheet.

Brad Nichol added, "With the majority of our reserve value in Primate currently being allocated from producing wells or producing sections, this first well represents a major opportunity for us to generate shareholder value from a non-producing section. Beyond this first summer programme, we look forward to taking advantage of our large, undeveloped land-base, which is now almost double the size of our nearest active competitor in the area. Our strategy to grow through both acquisition and drilling is continuing, and we look forward to updating our shareholders with the results of both when they are available in the future."

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

Brad Nichol - President & CEO

Phone: +1 (403) 767 9905

OR

Merchant Securities Limited - Nominated Adviser and Broker

Lindsay Mair

Scott Mathieson

Catherine Miles

Phone: +44 (0)20 7628 2200

OR

Buchanan - Financial PR

Tim Thompson

Helen Chan

Tom Hufton

Phone: +44 (0)20 7466 5000

Email: [email protected]

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.