Buffalo Resources to Commence Frog Lake Drilling Program

Buffalo Resources Corp. ("Buffalo") (TSX VENTURE:BFR) announced today that it
plans to commence its Frog Lake heavy oil drilling program in early June 2009.
Over the past five months drilling costs have fallen between 15% and 20% while
the price of WTI crude has improved steadily and the heavy oil selling price
differential has narrowed to less than $6.00 per barrel.


Buffalo is currently realizing a selling price at the wellhead in excess of
$52.00 per barrel for its Frog Lake oil, resulting in a netback of approximately
$23.00 per barrel. With a historical drilling success rate of 98% and reduced
drilling costs, Buffalo expects finding costs of $7.00 or less per barrel of
reserves. As such, the program represents a superior capital recycle ratio of in
excess of three times.


Buffalo has between 150 and 200 heavy oil development drilling locations at Frog
Lake under currently approved ERCB well-spacing. The first 65 wells in the
program have been surveyed, received all regulatory approvals and can be drilled
immediately.


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


Certain information set forth in this press release contains forward looking
statements. Readers are cautioned that the assumptions used in the preparation
of such information, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, reliance should not be placed on forward
looking statements. Buffalo's actual results, performance or achievements could
differ materially from those expressed in, or implied by, these forward looking
statements and accordingly, no assurance can be given that any of the events
anticipated by the forward looking statements will transpire or occur, or if any
of them do so, what benefits Buffalo will derive therefrom. Buffalo disclaims
any intention or obligation to update or revise any forward looking statements,
whether as a result of new information, future events or otherwise. The forward
looking statements contained in this press release are made as of the date
hereof and Buffalo undertakes no obligation to update publicly or revise any
forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


The term "netback" is a non-GAAP financial measure that does not have any
standardized meaning prescribed by Canadian Generally Accepted Accounting
Principles ("GAAP") and is therefore unlikely to be comparable to similar
measures presented by other issuers. Netback provides useful information as an
indicator of profitability and the ability to fund future capital expenditures
which drive growth. Netback represents the profit margin from the sale of oil,
natural gas and natural gas liquids and is calculated as revenues less royalties
and operating expenses.