Edgewater Intersects 1.72 g/t Gold Over 24 m on Boin Gold Zone and 4.75 g/t Gold Over 11 m on Nyam Gold Zone at Enchi Project, G

  Edgewater Exploration Ltd. (TSX VENTURE: EDW)(OTCQX: EDWZF) ("Edgewater" or the "Company") is pleased to announce additional diamond drill hole and trench results on the Company's Enchi Gold Project ("Enchi or the Project") in Ghana. Results continue to outline near-surface gold mineralization, at a depth of 25-50 m from surface on the Boin and Nyam Gold Zones (see a plan map here). The targets for this phase of drilling are three of the 16 known gold zones at Enchi; Nyamebekyere ("Nyam"), Boin, and Sewum.

George Salamis, President and CEO stated: "These are some of the widest and highest grade gold intercepts reported to date on Enchi, and we continue to outline encouraging gold mineralization at vertical depths of less than 50 m. As the 35,000 meter drill program continues to accelerate with additional rigs, we expect to drill test these same multi-kilometer-long gold-bearing structures at shallow depths averaging 150 m or less. At Kinross Gold's Chirano mine located 70 km northeast of the Enchi project, individual gold deposits are known to extend to over 700 m in depth."

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                       Table 1 Drill Result Highlights
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#         Type        Zone  Section From(m) To(m) Interval(m) Au g/t g/T x m
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NBDDH021  Drill Hole  Nyam  16000N    69.0  80.0        11.0    4.75   52.25
NBDDH021  Drill Hole  Nyam  Inc.      74.0  75.0         1.0   44.20   44.20
KBDDH003  Drill Hole  Boin  4050N     44.0  68.0        24.0    1.72   41.28
NBDDH018  Drill Hole  Nyam  15850N    31.0  65.0        34.0    1.13   38.42
KBDDH003  Drill Hole  Boin  inc       50.0  58.0         8.0    3.84   30.72
KBDDH004  Drill Hole  Boin  4050N      3.0  13.0        10.0    2.60   26.00
NBDDH013  Drill Hole  Nyam  15605N    43.0  64.0        21.0    1.04   21.84
NBDDH013  Drill Hole  Nyam  inc.      52.0  61.0         9.0    1.84   16.56
NBDDH018  Drill Hole  Nyam  15850N     1.0  16.0        15.0    1.08   16.20
NBTR009   Trench      Nyam  15800N     4.0  12.0         8.0    1.89   15.12
NBTR007   Trench      Nyam  15680N     8.0  20.0        12.0    1.20   14.34
NBTR009   Trench      Nyam  15800N    22.0  38.0        16.0    0.77   12.32
NBDDH018  Drill Hole  Nyam  inc       10.0  16.0         6.0    2.04   12.24
NBDDH022  Drill Hole  Nyam  16035N    31.0  36.0         5.0    2.15   10.75
NBTR008   Trench      Nyam  15710N    16.0  24.0         8.0    1.32   10.56
NBDDH012  Drill Hole  Nyam  15710N    35.0  42.0         7.0    1.45   10.15
NBDDH009  Drill Hole  Nyam  15550N    51.0  56.0         5.0    2.02   10.09
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Notes: 1) All reported intercepts are core lengths and true widths are
          estimated at 80-85 per cent of core lengths
       2) Weighted averages calculated using uncut assays.
       3) See attached table for complete set of results.

Boin has a known strike length of over 10 km identified by previous shallow RC and RAB drilling, Edgewater currently has one drill operating on Boin with plans to add additional rigs in the coming weeks. Nyam has been traced in wide-spaced drilling for over 1600 m and is part of a continuous 15 km strike length of gold prospects on the Project from Nyam southwest through Kojina Hill to Sewum Hill in the south. To date, a total of 57 holes have been completed and 27 trenches have been dug by Edgewater at Enchi which continue to consistently intersect good grade gold mineralization. As expected, these recent results are now defining a series of steeply plunging gold zones along both of the Boin and Nyam structures. These shoots will be the focus of the next phase of drilling which will continue to test the structures at depths of 75 m to 150 m below surface within the unoxidized portion of the system.

The third gold zone to be tested in this phase of drilling will be Sewum which is host to three separately defined gold mineralized structures, each in excess of a kilometre in length. All three of these highly prospective areas occur along a key sedimentary-volcanic contact, and host similar geology to Kinross Gold Corporation's Chirano Gold mine (5 million oz) located along the Bibiani Shear Zone 70km northeast of the Project. Edgewater has now completed road access into the Sewum Zone and has commenced an initial 3000 m diamond drill program.

Road-work has also been initiated into the Eradi Zone where the Company expects to commence drilling in the next few months.

Sample analyses have been conducted at independent commercial facilities SGS Labs in Tarkwa Ghana. All sample analyses was completed using industry standard geochemical and fire assay practices and included a rigorous Quality Assurance / Quality Control (QA/QC) program consisting of the insertion of standards, blanks and duplicate samples randomly into the sample stream. A review of the QA/QC results shows no significant bias and all results are considered highly reliable.

Mr. Gregory Smith, P.Geo, the Vice-President of Exploration of the Company, is the Qualified Person as defined by NI 43-101, and is responsible for the accuracy of the technical data and information contained in this news release.

About Edgewater Exploration Ltd.

Edgewater is a mineral exploration company focused principally on acquisitions, advancement and development of precious metal properties. Edgewater is currently developing the Enchi Gold Project in Ghana, West Africa and the Corcoesto Gold Project in northwest Spain.

On behalf of the board of EDGEWATER EXPLORATION LTD.

George Salamis, President and CEO

#         Type        Zone  Section From(m) To(m) Interval(m) Au g/t g/T x m
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NBDDH009  Drill Hole  Nyam  15550N      51    56           5    2.02   10.09
NBDDH009  Drill Hole  Nyam  15550N      66    68           2    1.41    2.82
NBDDH010  Drill Hole  Nyam  15550N      30    31           1    0.74    0.74
NBDDH010  Drill Hole  Nyam  15550N      46    47           1    0.67    0.67
NBDDH011  Drill Hole  Nyam  15640N      12    16           4    0.66    2.64
NBDDH011  Drill Hole  Nyam  15640N      24    28           4    1.64    6.56
NBDDH011  Drill Hole  Nyam  15640N      74    75           1    1.46    1.46
NBDDH011  Drill Hole  Nyam  15640N      80    86           6    1.45    8.70
NBDDH012  Drill Hole  Nyam  15710N      35    42           7    1.45   10.15
NBDDH012  Drill Hole  Nyam  15710N      47    53           6    0.78    4.68
NBDDH013  Drill Hole  Nyam  15605N      43    64          21    1.04   21.84
NBDDH013  Drill Hole  Nyam  inc.        52    61           9    1.84   16.56
NBDDH015  Drill Hole  Nyam  15755N      65    66           1    0.98    0.98
NBDDH015  Drill Hole  Nyam  15755N      71    77           6    0.69    4.14
NBDDH015  Drill Hole  Nyam  15755N      81    84           3    2.08    6.24
NBDDH016  Drill Hole  Nyam  15900N      56    64           8    0.90    7.20
NBDDH016  Drill Hole  Nyam  15900N      72    74           2    1.03    2.06
NBDDH016  Drill Hole  Nyam  15900N     107   110           3    1.42    4.26
NBDDH016  Drill Hole  Nyam  15900N     127   129           2    0.96    1.92
NBDDH017  Drill Hole  Nyam  15900N      27    29           2    1.02    2.04
NBDDH017  Drill Hole  Nyam  15900N      34    35           1    0.76    0.76
NBDDH017  Drill Hole  Nyam  15900N      85    88           3    1.02    3.06
NBDDH017  Drill Hole  Nyam  15900N      95    96           1    1.90    1.90
NBDDH017  Drill Hole  Nyam  15900N     108   112           4    2.16    8.64
NBDDH018  Drill Hole  Nyam  15850N       1    16          15    1.08   16.20
NBDDH018  Drill Hole  Nyam  inc         10    16           6    2.04   12.24
NBDDH018  Drill Hole  Nyam  15850N      31    65          34    1.13   38.42
NBDDH019  Drill Hole  Nyam  15950N      38    40           2    0.84    1.68
NBDDH019  Drill Hole  Nyam  15950N      57    58           1    0.95    0.95
NBDDH020  Drill Hole  Nyam  15950N       9    10           1    4.47    4.47
NBDDH020  Drill Hole  Nyam  15950N      61    65           4    2.20    8.80
NBDDH020  Drill Hole  Nyam  15950N      72    73           1    0.99    0.99
NBDDH020  Drill Hole  Nyam  15950N      81    82           1    0.90    0.90
NBDDH020  Drill Hole  Nyam  15950N      91    94           3    0.55    1.65
NBDDH021  Drill Hole  Nyam  16000N      45    46           1    0.67    0.67
NBDDH021  Drill Hole  Nyam  16000N      59    60           1    0.69    0.69
NBDDH021  Drill Hole  Nyam  16000N      61    62           1    1.64    1.64
NBDDH021  Drill Hole  Nyam  16000N      69    80          11    4.75   52.25
NBDDH021  Drill Hole  Nyam  Inc.        74    75           1   44.20   44.20
NBDDH022  Drill Hole  Nyam  16035N       3     6           3    1.26    3.78
NBDDH022  Drill Hole  Nyam  16035N      31    36           5    2.15   10.75

Trench No Type        Zone  Section From(m) To(m) Interval(m) Au g/t g/T x m
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NBTR006   Trench      Nyam  15640N       0    10          10    0.98    9.76
NBTR006   Trench      Nyam  15640N      32    42          10    0.64    6.40
NBTR007   Trench      Nyam  15680N       8    20          12    1.20   14.34
NBTR008   Trench      Nyam  15710N      16    24           8    1.32   10.56
NBTR009   Trench      Nyam  15800N       4    12           8    1.89   15.12
NBTR009   Trench      Nyam  15800N      22    38          16    0.77   12.32

Hole No   Type        Zone  Section From(m) To(m) Interval(m) Au g/t g/T x m
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KBDDH003  Drill Hole  Boin  4050N       44    68          24    1.72   41.28
KBDDH003  Drill Hole  Boin  inc         50    58           8    3.84   30.72
KBDDH004  Drill Hole  Boin  4050N        3    13          10    2.60   26.00
KBDDH004  Drill Hole  Boin  4050N       20    27           7    0.68    4.76
KBDDH004  Drill Hole  Boin  4050N       41    42           1    1.09    1.09
KBDDH005  Drill Hole  Boin  4150N       42    44           2    0.77    1.54
KBDDH005  Drill Hole  Boin  4150N       47    48           1    1.31    1.31
KBDDH005  Drill Hole  Boin  4150N       54    64          10    0.69    6.90
KBDDH005  Drill Hole  Boin  inc         61    64           3    1.64    4.92
KBDDH005  Drill Hole  Boin  4150N       66    70           4    0.70    2.80
KBDDH005  Drill Hole  Boin  4150N       75    78           3    0.89    2.67
KBDDH006  Drill Hole  Boin  4150N       71    72           1    1.25    1.25
KBDDH006  Drill Hole  Boin  4150N       99   100           1    0.53    0.53
KBDDH007  Drill Hole  Boin  4150N       11    14           3    1.20    3.60
KBDDH007  Drill Hole  Boin  4150N       35    36           1    1.03    1.03
KBDDH007  Drill Hole  Boin  4150N       43    46           3    0.83    2.49
KBDDH007  Drill Hole  Boin  4150N       51    55           4    0.86    3.44
KBDDH007  Drill Hole  Boin  inc         51    52           1    2.04    2.04

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.

Contacts: Edgewater Exploration Ltd. Ryan King Vice President [phone] [e-mail] www.edge-water.com