Standard & Poor's Initiates Factual Stock Report Coverage on Buffalo Resources Corp.

Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Buffalo Resources Corp.

Buffalo Resources Corp. (TXV: BFR) engages in the acquisition, exploration, development and production of oil and natural gas from properties in western Canada.

The company's oil and gas production is approximately 3,500 boe/d, weighted approximately 46% to heavy oil, 51% to natural gas and 3% to light oil and NGLs, and is concentrated in Alberta and Saskatchewan. For the ten months ended December 31, 2007, Buffalo's production was 2,956 boe/d.

The company acts as the operator and holds a 50% working interest in more than 50 oil wells in Frog Lake, Alberta. Buffalo has farm-in and participation agreements for 65 sections of undeveloped land with the potential for in excess of 100 low risk drilling opportunities over the next several years. Buffalo has an average 67% working interest in 46 sections of undeveloped land in the Peace River Arch in Alberta. Several high potential oil and gas prospects have been identified targeting zones in the Triassic and Mississippian periods.

Buffalo is finalizing its drilling programs for the remainder of 2008 and plans to drill between 60 and 70 wells. At Frog Lake, the company will drill between 45 and 50 oil wells. The remaining 15 to 20 wells will be drilled in the Peace River Arch of northwest Alberta, at Whitecourt in west central Alberta, at Viking and Jenner in southeast Alberta and in southeast Saskatchewan.

Buffalo Resources Corp. will be attending the COPIC Energy Fall Conference in Toronto and Montreal from September 30 – October 2, 2008. To view the live Webcast on Wednesday October 1, 2008 from 2:30pm – 3pm go to www.newswire.ca/en/webcast and click on "COPIC Energy Fall Conference” link.

This report will also be accessible on an ongoing basis to the investment community -- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor’s service provides factual research coverage enabling information about Buffalo Resources Corp. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.

About Standard & Poor's

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