whitecap resources inc. announces closing of light oil cardium focused acquisition

WHITECAP RESOURCES INC. ANNOUNCES CLOSING OF LIGHT OIL CARDIUM FOCUSED ACQUISITION

CALGARY, ALBERTA – JULY 30, 2010.  Whitecap Resources Inc. ("Whitecap")  (TSXV: WCP) is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of Onyx 2006 Inc. ("Onyx") an Alberta based private oil and gas company. Whitecap assumed approximately $10.8 million of total net liabilities and paid $41.2 million in cash to the former shareholders of Onyx pursuant to the Acquisition.

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