Edge Resources : Announces Full Year and Q4 Results (AIM)

Edge Resources Inc. ("Edge" or the "Company"), is pleased to announce its audited results for the 12 month period ended 31 March 2015 and the three month period ended 31 March 2015 ("Q4"), highlights of which are set out below.

For the year ended March 31, 2015:

• Reflecting the lack of first year decline rates typical in CHOPS (Cold Heavy Oil Production with Sand) wells, sales volumes for the year remained steady at 565 boe/d compared to 555 boe/d in the prior year, as increased oil production volumes were offset with decreased natural gas volumes.

• Major capital activity included the installation of natural gas and water handling infrastructure in Eye Hill, which resulted in major water handling cost savings - a decrease from $3.34/bbl of water to approximately $0.15/bbl of water.

• Due to continued low commodity prices the Company recorded an impairment loss (included as additional depletion expense) for its non-core Willesden Green natural gas cash generating unit of $11.2 million.
  • Despite the impairment, the Company decommissioned the rented natural gas compressor in November 2014, which reduced operating costs, and the property is currently producing and profitably generating cash.

• The Company changed its bank lender during the year, resulting in a more stable and economically enhanced lending situation.

For the three months ended March 31, 2015:

• Sales volumes were 612 boe/d compared to 569 boe/d in the third quarter of fiscal 2015 and 618 boe/d in the fourth quarter of fiscal 2014; the increase from the prior quarter is due primarily to the lack of first year decline rate from CHOPS wells and added gas volumes being sold on completion of the natural gas infrastructure in Eye Hill.

• The Company completed installation of a natural gas and water handling facility in Eye Hill part way through the quarter, at the end of January 2015. As a result, oil operating costs for the quarter dropped 47% compared to the same quarter ended March 2014, from $22.50/bbl to $11.98/bbl.

• Average annual natural gas prices dropped from $4.05/mcf as of March 2014 to $2.88 as of March 2015. Reflecting this 30% decrease in natural gas prices, the Company recorded an impairment loss this quarter for its non-core Willesden Green property of $6.8 million ($4.4 million was recorded in the previous quarter for a total of $11.2 million for the year).

Brad Nichol, President and CEO of Edge, commented, "The management and board of Edge are very pleased with our year-end and Q1 accomplishments - especially in light of the oil and gas market dynamics at play in the past year. Most noteworthy to me is the water disposal facility in Eye Hill. While it was only operational for about 60 days of the 90-day quarter, we saw a major decrease in operating costs per barrel and a year-on-year quarterly operating cost savings of almost $170,000. Extrapolation of that $170,000 over 60 operational days would mean $2,800 of daily savings." Nichol added, "I am of course very pleased with the production profile that CHOPS production gives us. We didn't drill a well during the year but our average annual production actually increased. A small amount of this increase was from the additional gas our new Eye Hill facility was able to capture and sell, but we also saw some nice oil production increases during the year from CHOPS wells. As with all challenging markets, opportunities exist for nimble and aggressive companies that embrace these changes. Edge is one of those companies and we hope to provide updates on that front in the near future."

SUMMARY OF QUARTERLY AND YEAR-TO-DATE RESULTS:

			Three months ended March 31,		Twelve months ended March 31,
			2015	2014	2015	2014
Financial ($000's except per share data)
	Oil and natural gas sales		1,697	3,189	10,136	10,008
	Funds flow from (used in) operations		132	293	1,418	815
		Per share - basic and diluted	0.00	0.00	0.01	0.01
	Net loss		(7,513)	(625)	(11,458)	(1,704)
		Per share - basic and diluted	(0.05)	(0.00)	(0.07)	(0.01)
	General & administrative		440	456	1,791	1,873
	Property expenditures, net of dispositions*		678	143	2,798	3,686
	Working capital deficit				(7,723)	(7,531)
	Shareholders' equity				3,259	14,423
	Total assets				31,491	39,370
Operating (average daily production)
	Oil and natural gas liquids (bbls/d)		401	350	354	291
	Natural gas (mcf/d)		1,268	1,608	1,270	1,587
	Equivalent barrels (boe/d)		612	618	565	555

* relates to expenditures on property and equipment, acquisitions and exploration and evaluation assets

Detailed operating and financial results are presented in Edge's financial statements and related Management Discussion & Analysis ("MD&A"), which can be accessed on the Company's website (www.edgeres.com) and on SEDAR (www.sedar.com).

For more information, visit the company website: www.edgeres.com or contact:

Brad Nichol, President and CEO Phone: [phone]

Sanlam Securities UK Limited (Joint Broker and NOMAD) Phone: [phone]

Simon Clements / James Thomas / Max Bascombe

SP Angel Corporate Finance LLP (Joint Broker) Phone: [phone]

John MacKay / Richard Hail

About Edge Resources Inc.

Edge Resources is focused on developing a balanced portfolio of oil and natural gas assets from properties in Alberta and Saskatchewan, Canada. Management has consistently focused on:

1. Shallow, vertical, conventional programs with reduced capital, operational and geological risks

2. Very high or 100% working interests and fully operated assets

3. Pools and horizons with exceptionally high reserves in place

The management team's very high drilling success rate is based on the safe, efficient deployment of capital and a proven ability to efficiently execute in shallow formations, which gives Edge Resources a sustainable, low-cost, competitive advantage.