Buffalo Resources Corp.

Buffalo Resources Corp.

June 22, 2009 08:00 ET

Buffalo Resources Renews Bank Credit Facility

CALGARY, ALBERTA--(Marketwire - June 22, 2009) - Buffalo Resources Corp. ("Buffalo" or the "Company") (TSX VENTURE:BFR) is pleased to announce that it has renewed its bank credit facility in the amount of $70 million, which is unchanged from the previous year.

This renewal, together with the rapidly improving cash flows from operations, will provide Buffalo with the financial flexibility to continue its 2009 exploration and development capital expenditure program. Buffalo has drilled the fifth well of its planned 30 well heavy oil drilling program at Frog Lake, Alberta and expects to complete the program before the end of September 2009.

Buffalo is a Canadian junior oil and gas company engaged in the exploration for, and development and production of oil and gas reserves in the provinces of Alberta and Saskatchewan.

Certain statements contained in this press release constitute forward looking statements or forward-looking information under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "seek", "continue", "forecast", "may", "will", "potential", "could", "should" or similar words suggesting future outcomes or statements regarding an outlook. All forward looking statements are based on the Company's beliefs and assumptions based on information available at the time the assumption was made. Forward-looking statements or information are based on a number of factors and assumptions that have been used to develop such statements and information but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. In addition, forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information. The forward-looking statements contained in this press release are made as of the date hereof and Buffalo undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.

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