Edge Resources Inc. Announces Major Increase in Year-End Reserves and Provides an Operational Update

Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(AIM:EDG) is very
pleased to have finalized its year-end NI 51-101 reserve report(i), which has
resulted in a large increase to its year-end reserves. The Company also provides
an operational update. 


Year End Reserves

The value of Edge's Proved + Probable ("P+P") reserves increased by 44% to
$129.0 million ($0.79/share), effective March 31 2014 from $89.4 million, one
year earlier. The majority of growth came in the form of Proved reserve value
(72% year-on-year growth) versus Probable reserve value (22% year-on-year
growth).


The Company's total Proved Developed Producing ("PDP") reserve value grew by 75%
to $34.2 million, contributing to Total Proved ("TP") reserve value of $69.2
million, representing approximately $0.42/share. 


P+P reserves increased to 7.6 million boe, half of which (3.7 million boe) were
generated from the Company's core asset, Eye Hill, Saskatchewan. Specifically in
Eye Hill, the value of PDP reserves grew by 145%, TP reserve value grew by 100%
and total P+P Reserve value grew by 47%. 


The reserve replacement ratio (reserves added/reserves produced during the year)
was 458%.


The Company has established a consistent track record of adding reserves at an
exceptionally low-cost. During the 12 month period ending March 31, 2014 the
Company's total Finding, Developing and Acquisition ("FD&A") costs were $3.8
million(1). Thus, Edge's FD&A cost of adding Proved reserves was $3.89 per boe
and the FD&A cost for additional P+P reserves was $2.86 per boe. The table below
provides a comparison of the Company's historical cost of reserve additions,
year-end P+P reserve values and reserve replacement ratios:      




                                                                 Reserve    
                  FD&A Cost per  FD&A Cost per                   Replacement
Year Ended        Proved BOE ($) P+P BOE ($)    P+P NPV10 ($)(i) Ratio      
----------------------------------------------------------------------------
March 31, 2014(1) $3.89          $2.86          $129.0 million   458%       
March 31, 2013    $9.14          $2.69          $89.4 million    749%       
March 31, 2012    $21.87         $10.24         $65.1 million    667%       
March 31, 2011    $10.16         $6.06          $46.5 million    3,725%     
March 31, 2010    $5.29          $2.08          $16.5 million    n/a        
(1)   Financial information is from Edge's preliminary unaudited financial  
      statements for the year ended March 31, 2014 and is subject to change.
      FD&A costs for all years excludes Future Development Capital ("FDC"). 



Brad Nichol, President and CEO of Edge commented, "Edge's long-term strategic
focus on conventional, shallow, low-cost, repeatable reservoirs continues to
deliver shareholder value with reserve growth exceeding even our high
expectations this year. What's more, in preparation for our reserve report, we
only requested six additional drilling locations in Eye Hill East (less than
1/10th of what we believe we have to drill there), resulting in a large but very
conservative value of reserves." 


Operational Update

Wellhead production averaged over 700 boepd in March, provided revenue of $1.2
million, which allowed the Company to break the monthly revenue record
previously set in February 2014. As a result, cash flow in March also
significantly exceeded February's number. 


Due primarily to additional production from the new CHOPS ("Cold Heavy Oil
Production with Sand") oil wells, average production, revenue and cash flow for
the quarter ended March 31 2014 is expected to be significantly higher than the
previous quarter. With production levels having held steady in April, the trend
is expected to continue into the Company's first quarter, which ends June 30,
2014.


Nichol commented, "As I stated last month, we are on track for another excellent
quarter. As predicted, we beat our record-setting February million dollar month
with an even bigger March and we expect April's figures, when finalized, to
maintain this level." Speaking of the ongoing geoscience and engineering
preparations for the upcoming 2014 drilling program, Nichol continued, "Our
geological and geophysical teams continue to add more locations to our large
drilling inventory in Eye Hill, most of which are not included in the reserve
report. We are eager to exploit this inventory in 2014 and with the continued
improvements in cash flow, we currently expect to fund future drilling
activities utilizing existing cash reserves." 


Additional information may also be available at www.edgeres.com or www.sedar.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.


(i) The Company's most recent NI 51-101 reserve report is effective March 31,
2014, and reserve values are based on pre-tax net asset value using AJM
Deloitte's March 31, 2014 forecast pricing, discounted at 10%. Reserve values do
not include abandonment liabilities, which are included at the corporate level.
For comparative purposes, March 31, 2014 year end P+P reserve value, including
abandonment liabilities, is CDN$127.0 million (compared to CDN$129.0 million
when abandonment liabilities are excluded). The reserve report was prepared
under Canadian National Instrument 51-101: Standards of Disclosure for Oil and
Gas Activities. 


In accordance with National Instrument 51-101 - Standards of Disclosure for Oil
and Gas Activities ("NI 51-101"), the Company's oil, natural gas and natural gas
liquids ("NGL") reserves were evaluated by an independent engineering firm, AJM
Deloitte as at March 31, 2014. Gross reserves included in this release are
Edge's working interest reserves before royalty burdens. Complete NI 51-101
reserves disclosure will be included in Edge's annual NI 51-101 filings which
will be filed prior to July 31, 2014 and made available at www.sedar.com. The
Company's aggregate proved and probable reserves are reported in barrels of oil
equivalent (boe). Boe may be misleading, particularly if used in isolation. A
boe conversion ratio for natural gas of 6 Mcf: 1 boe has been used, which is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not necessarily represent a value equivalency at the
wellhead. As the value ratio between natural gas and crude oil based on the
current prices of natural gas and crude oil is significantly different from the
energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be
misleading as an indication of value.


The term "bopd" means "barrels of oil per day." The term "boepd" means "barrels
of oil equivalent per day." 


Unaudited Financial Information 

Certain financial and operating information included in this press release for
the year ended March 31, 2014, such as capital expenditures, production, F&D
costs and FD&A costs are based on unaudited financial results, and are subject
to the same limitations as discussed under "Forward-Looking Information". These
estimated amounts may change upon the completion of audited financial statements
for the year-ended March 31, 2014 and changes could be material. 


Forward-Looking Statements 

This news release includes certain information, with management's assessment of
Edge's future plans and operations, and contains forward-looking statements
which may include some or all of the following: (i) anticipated production
rates; (ii) expected results of capital programs; (iii) expected timelines for
production optimization; (iv) net debt levels; (v) anticipated operating costs;
and (vi) expected capital projects and associated spending; which are provided
to allow investors to better understand the Company's business. By their nature,
forward-looking statements are subject to numerous risks and uncertainties; some
of which are beyond Edge's control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, changes in
environmental tax and royalty legislation, competition from other industry
participants, the lack of availability of qualified personnel or management,
stock market volatility and ability to access sufficient capital from internal
and external sources, and other risks and uncertainties described under the
heading 'Risk Factors' and elsewhere in the Company's Management Discussion and
Analysis and other documents filed with Canadian provincial securities
authorities and are available to the public at www.sedar.com. 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, undue reliance should not be placed on forward-looking
statements. The principal assumptions Edge has made includes security of land
interests; drilling cost stability; finance and debt markets continuing to be
receptive to financing the Company, the ability of the Company to monetize
non-core assets and industry standard rates of geologic and operational success.
Actual results could differ materially from those expressed in, or implied by,
these forward-looking statements. Edge disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law. 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 & CEO
[phone]


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