Edge Resources Inc.

Edge Resources Inc.

December 01, 2009 09:35 ET

Edge Resources to Increase Landbase by 64%, Closes Farm-In Deal

CALGARY, ALBERTA--(Marketwire - Dec. 1, 2009) - Edge Resources Inc. (TSX VENTURE:EDE)(PINK SHEETS:EDGXF) ("Edge" or the "Company") announces that it has executed a farm-out agreement that, when fulfilled, will result in the addition of seven additional sections of highly prospective Edmonton Sands land to its existing eleven section holding, representing a 64% increase in the number of sections the Company controls and operates.

The Company has been working closely with one of Canada's major E&P firms (the "Farmor") on a farm-in agreement that will allow Edge to earn seven sections of highly prospective Edmonton Sands properties, all within the prolific Wilson Creek area of Alberta, which is adjacent to the existing Edge lands. The Company is free to select the drilling locations of its choice on the lands, and must drill one well on each section to earn 100% of the Farmor's working interest in each respective section, subject to a gross overriding royalty.

Brad Nichol, the Company's President & CEO, commented, "We are very pleased to have made another step towards building a large, high quality Edmonton Sands land base. I believe this farm-in, our second with a major E&P Company, was made possible because of our reputation in the industry as Edmonton Sands experts. I expect that we will continue to reap the rewards in the form of additional high-quality farm-in opportunities."

The Company intends on being the operator of record on all sections and will utilize its highly targeted approach as well as its innovative techniques to achieve above average results on its Edmonton Sands properties in Alberta.

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 Edmonton Sands ranks as one of the lowest-cost natural gas plays in North America. 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.

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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