Edge Resources Inc. Closes $3.5 million Oversubscribed Financing with Key Capital Partners, Announces Commencement of Drillin...

Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") is very
pleased to announce that it has closed a financing that has raised CDN$3.5
million (the "Placing") through the issuance of 35,000,006 common shares (the
"Placing Shares") with new and existing institutional investors at a price of 6p
(CDN$0.10) per share for gross proceeds of GBP 2.1 million.


The oversubscribed Placing was completed at a 14% discount to the most recent
AIM trading price, was supported by sector specialists and major new - and
existing institutional - investors (including Henderson Global Investors, Edge's
largest capital partner).


No warrants (including broker warrants) were issued as part of the Placing and
the company paid total commissions of GBP 75,285.02, or 3.6%, of the gross
proceeds. The Placing was arranged by Sanlam Securities UK Limited ("Sanlam")
and SP Angel Corporate Finance LLP ("SP Angel"), who has been appointed as joint
broker to the Company with immediate effect.


The proceeds will be used to further develop the Company's shallow, conventional
oil prospects in Eye Hill, Saskatchewan, the location of Edge's most productive
assets, which Scotiabank has recently ranked as the 5th best oil play in North
America in terms of the profit-to-investment ratio. Edge expects to spud the
first well of its multi-well drilling program before the end of 2013.


In addition to the near term drilling program, Edge has identified a large
number of additional locations in Eye Hill East, and plans to reinvest the cash
flow from its existing and new wells into funding the future drilling program.


Given the exceptional results achieved to date in Eye Hill, the Company expects
this financing to be highly accretive on a post-financing, fully diluted basis
in the near-to-medium term. The Company plans to be self- funding in 2014 by
combining the cash flow expected to be generated from this multi-well drilling
program with the Company's existing positive cash flow.


Brad Nichol, President & CEO of Edge, commented: "It is fantastic to see such
overwhelming institutional and sector specialist support for our company. As one
of the rare junior oil and gas companies able to raise money in these very
difficult capital markets, we are clearly enjoying the benefits of our AIM
listing and hugely supportive capital partnerships. We are not just raising
money when few others are able to, we're doing it at a much lower cost than most
other Canadian companies could imagine. That critical competitive advantage
should directly translate into more value for our shareholders, especially in a
capital-constrained market like we're experiencing today." Nichol added, "Even
though our share price has been impacted by the general junior E&P market havoc,
Edge's fundamentals remain solid and this capital injection should be highly
accretive for shareholders - especially as we expect to become self-funding on
the basis of a successful multi-well drilling program."


Application has been made to the London Stock Exchange for admission of the
Placing Shares to AIM and to the TSX-V, with admission expected to become
effective on November 21, 2013. When issued, the Placing Shares will rank pari
passu in all respects with the existing common shares. The Placing Shares will
represent 21.4% of the Company's issued share capital following admission, when
the Company will have 163,802,246 common shares in issue.


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

About Edge Resources Inc.

Edge Resources is focused on developing its heavy oil properties within 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.


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. 


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 and CEO
[phone]


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