Buffalo Resources Corp. Announces Completion of Private Placement

Buffalo Resources Corp. ("Buffalo")(TSX VENTURE:BFR) is pleased to announce that
it has completed its previously announced private placement offering of
11,000,000 units at a price of $1.00 per unit for gross proceeds of $11,000,000.
Each unit consists of one common share and one common share purchase warrant.
Each warrant is exercisable at a price of $1.50 per share until May 9, 2011,
subject to earlier expiry in certain circumstances if the closing price of
Buffalo's common shares, on the principal Canadian stock exchange on which the
common shares are then traded, exceeds $2.25 for a minimum of 20 consecutive
trading days.


Proceeds from the private placement will be used to fund Buffalo's ongoing
capital expenditure program. The common shares and warrants issued pursuant to
the private placement are subject to a four-month hold period which expires on
September 10, 2008. Buffalo has approximately 76.5 million common shares issued
and outstanding (94.2 million on a fully-diluted basis).


Buffalo is an emerging Canadian junior oil and gas company engaged in the
exploration, development and production of oil and gas reserves in the province
of Alberta.