Edge Resources Inc.

Edge Resources Inc.

November 10, 2010 09:30 ET

Edge Resources Inc.: Operational Update-Early Drilling Success

CALGARY, ALBERTA--(Marketwire - Nov. 10, 2010) - EDGE RESOURCES INC. ("Edge" or the "Company") (TSX VENTURE:EDE) announces that, further to its November 4, 2010 press release, the Company has successfully drilled and cased the first four wells of its multi-well program. Drilling has progressed exceptionally well, with no issues or concerns to report. To date, all wells have been drilled under budget and under the expected timelines. The drilling rig is continuing to drill wells in this first phase of a larger drilling program; and drilling updates will be forthcoming as the program proceeds.

The Company was especially pleased to be in a position to contract Ensign's Encore 430 Automated Drilling Rig ("ADR"), one of the industry's leading and most respected drilling rigs for this type of program. The ADR uses innovative automation technology to reduce time, cost and risk of injury. Encore 430 also has a very small footprint, which allows the Company to reduce or, in some cases, eliminate the need to construct a large location on which to place and operate the drilling rig. This also lowers the cost of moving the rig between locations. In three of the first four wells, the Company was able to utilize "minimal disturbance" locations, meaning, the ADR rig could be moved to location without the need to move or remove any topsoil. This reduces the overall cost of drilling and does not disturb native soils or the environment, which is favorable to the Company, landowners and the environment.

Brad Nichol commented, "I am especially pleased with the crew of Encore 430. This team of exceptional people has worked on this rig under difficult conditions for many years and Edge is receiving the full, direct benefit of their experience on this drilling program. We have shattered time budgets, with one of the four wells being successfully drilled to a depth of 793 meters in less than 10.5 hours. This is industry-leading, in my experience." Nichol added, "The Edge team performed extremely well given the difficult, and often wet, weather conditions in preparation for this drilling program. We beat the busy pre-winter drilling season by being prepared after the incredibly wet summer to start drilling immediately."

The Ensign ADR will be released at the end of this initial phase of drilling while the Company prepares the surface leases and necessary approvals for phase II of the program, which involves the drilling of additional wells under agreements that allow the Company to drill and earn up to a total of 39 sections of prime Edmonton Sands prospective land. If the Company fully exercises its options, these 39 sections would complement, geologically and geographically, the Company's 12 existing sections.

About Edge Resources Inc.

Edge Resources is focused on the development of natural gas from the Edmonton Sands group of formations, a conventional, shallow gas group of reservoirs located in Central Alberta, Canada. The management team's very high success rate is based on the safe, efficient deployment of capital and a proven ability to efficiently execute in shallow gas, specifically the Edmonton Sands, which gives Edge Resources a sustainable, low-cost, competitive advantage.

The Alberta Government estimates that there is 44 trillion cubic feet ("TCF") of non-producing, shallow natural gas in Alberta. Edge Resources' management team has evaluated over 20,000 sections of land and has identified over 200 "five-star" sections. The Company's development program focuses primarily on pursuing these highly prospective opportunities.

Visit the company website for more information: www.edgeres.com.

Brad Nichol, President & Director


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.

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