whitecap resources inc. provides operational update, obtains tsx listing and consolidates shares

October 18, 2010

WHITECAP RESOURCES INC. PROVIDES OPERATIONAL UPDATE, OBTAINS TSX LISTING AND CONSOLIDATES SHARES

CALGARY, ALBERTA (October 18, 2010) Whitecap Resources Inc. (“Whitecap” or the “Company”) is pleased to provide an update to shareholders on our key operating areas. We are currently producing 2,250 boepd (60% oil & NGLs) with near-term capability of 2,600 boepd and expect to exit 2010 between 3,000 to 3,200 boepd.

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