Buffalo Resources Corp.
TSX VENTURE : BFR

Buffalo Resources Corp.

December 19, 2007 13:52 ET

Buffalo Resources Corp. Announces Completion of Private Placement

CALGARY, ALBERTA--(Marketwire - Dec. 19, 2007) - Buffalo Resources Corp. ("Buffalo") (TSX VENTURE:BFR) is pleased to announce that it has completed its previously announced private placement offering of flow-through common shares. Pursuant to the offering, which was over-subscribed, Buffalo issued 2,651,516 flow-through common shares at a price of $1.32 per share for gross proceeds of approximately $3.5 million.

The financing was conducted by a syndicate of underwriters led by Acumen Capital Finance Partners Limited and including Research Capital Corporation and Evergreen Capital Partners Inc.

Proceeds from the private placement will be used to fund Buffalo's ongoing capital expenditure program. The flow-through common shares issued pursuant to the private placement are subject to a four-month hold period commencing December 19, 2007. Buffalo has approximately 65.7 million common shares issued and outstanding (approximately 70.7 million on a fully-diluted basis).

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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