Edge Resources Inc. Announces Record Quarterly Results Debt Restructuring, and Production and Reserve Update

Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") reports
record financial and operating results for the three month period ending June
30, 2013. Edge is also pleased to announce that it has lowered the interest rate
on its loan with a subordinated lender and extended the due date of that loan
until 2017. Additionally, the Company has achieved record operating and
financial results during the last quarter due to lower corporate and operating
costs and improved revenue.


Production testing at the Company's vertical oil well drilled at the end of
March 2013 is continuing, posting very strong results. The well is producing at
a restricted rate of over 100 bopd - up to 114 bopd - with water cuts below 50%,
and dropping. The Company is thrilled with these results; and hence, has
intentions to drill the first 25 of up to 100 wells in Eye Hill, Saskatchewan,
where it has 100% ownership of the mineral rights and extensive 3D seismic
coverage over the entire property.


The Company also updated its NI51-101 Reserves Report, effective March 31, 2013.
In Eye Hill (formerly known as Primate), Saskatchewan, the Company's core area,
the Company increased Proved Reserve Value1 by 225% to $24.1 million and
increased Proved+Probable Reserve Value1 by 173% to $60.1 million. On a
Corporate basis, the Company's Total Proved Reserve Value1 increased 30% to
$40.2 million and Total Proved+Probable Reserve Value1 increased 37% to $89.4
million.


Detailed operating and financial results are presented in Edge's unaudited
consolidated 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).


Financial and Operational Summary:



----------------------------------------------------------------------------
                                       Three months ended June    Year ended
                                                           30,     March 31,
                                    ----------------------------------------
                                            2013          2012          2013
----------------------------------------------------------------------------
Financial ($000's except per share                                          
 data)                                                                      
  Oil and natural gas sales                2,321         2,234         8,416
  Funds flow from (used in)                                                 
   operations                                136          (78)       (1,502)
    Per share - basic and diluted           0.00        (0.00)        (0.01)
  Net loss                                  (31)         (114)       (6,702)
    Per share - basic and diluted         (0.00)        (0.00)        (0.06)
  General & administrative                   531           709         2,682
  Property expenditures, net of                                             
   dispositions(i)                           459           257         5,340
  Working capital deficit               (17,679)       (8,628)      (17,574)
  Shareholders' equity                    12,434        13,218        12,397
  Total assets                            36,146        36,937        37,254
Operating (average daily production)                                        
  Oil and natural gas liquids                                               
   (bbls/d)                                  279           307           282
  Natural gas (mcf/d)                      1,785         2,586         2,390
  Equivalent barrels (boe/d)                 577           737           681
----------------------------------------------------------------------------



Summary:



--  The Company continued production testing of its vertical well in Eye
    Hill. The Company is extremely pleased with the results as production
    has reached 114 bopd and water cuts have continually dropped. Water
    production is currently estimated at less than 50% of total fluid, which
    is well below the average for the area and well below the Company's
    original expectations. The Company feels it is being conservative with
    this production test and is currently restricting the flow rate to
    maximize reservoir life and long-term productivity of the well. Because
    of the low water cuts and very high deliverability, the Company feels
    confident that this newly discovered reservoir is highly unique. 
    
--  Effective August 29, 2013, the Company consolidated, improved and
    extended the $8 million in loans previously held by its subordinated
    lender, which will drastically reduce the Company's working capital
    deficit (not reflected in this quarter's results). The move was made to
    reduce the Company's reliance on its revolving facility, as the Canadian
    lending environment for junior oil and gas firms is expected to continue
    tightening. The two previous loans were consolidated into a single loan
    and the annual interest rate was lowered to 10%, simple interest.
    Neither the interest nor the principal are payable until the end of the
    term. The Company has the option to pay out the loan, or a portion
    thereof, at any time, without penalty. Three were no fees associated
    with restructuring the loans or for initiating the original loans. The
    lender is also a substantial, long-standing shareholder of the Company
    and this restructuring indicates his liberal support, flexibility and
    willingness to see the Company proliferate through the successful
    drilling of the remainder of the heavy oil locations in Eye Hill,
    Saskatchewan. 
    
--  The Company achieved record quarterly revenue of $2.3 million for the
    three months ended June 30, 3013. The Company also set another quarterly
    record, Cash Generated from Operations, at $1.03 million. Netbacks on
    oil production improved by 120% to $37.46/bbl compared to the previous
    quarter, reflecting significantly improved operating costs and stronger
    revenues per barrel. Operating cost improvements were also made on
    natural gas properties, where operating costs decreased 21% compared to
    the previous quarter. Natural gas netbacks showed drastic improvement
    from $0.00/mcf to $0.92/mcf quarter-over-quarter. 



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, conventional programs that typically offer 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.




1.  Proved Reserve Value and Proved+Probable Reserve Value do not include
    abandonment, reclamation and tax pool effects, which are included at a
    corporate level. When included, the corporate level Total
    Proved+Probable Reserve Value decreases from $89.4 million to $87.4
    million. All values are net working interest, before tax and royalties,
    calculated at a 10% discount rate. The NI51-101 Reserve Report is
    conducted annually by a qualified independent engineering and reserve
    estimation firm, as per Canadian standard requirements for public oil
    and gas disclosure.



This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's registered filings which are available at
www.sedar.com.


Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly
if used in isolation. All boe conversions in this report are calculated using a
conversion of six thousand cubic feet of natural gas to one equivalent barrel of
oil (6 mcf=1 bbl) and is based on an energy conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
well head. Barrels of oil per day ("bopd') is estimated daily oil production.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.


Trading in the securities of Edge Resources Inc. should be considered highly
speculative. Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Edge Resources Inc.
Brad Nichol
President & CEO
[phone]


Edge Resources Inc.
Ward Kondas
[phone]
[e-mail]
www.edgeres.com