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WHITECAP ANNOUNCES RECORD 2012 THIRD QUARTER PRODUCTION AND CASH FLOW

CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap", “we”, “us”, “our” or the "Company") (TSX: WCP) is pleased to announce we have filed on SEDAR our unaudited financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2012. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's unaudited interim financial statements and related MD&A which are available for review at www.sedar.com and on our website at www.wcap.ca.

To view the full press release, click here for the pdf.

Profitable Per Share Growth Within Funds Flow

Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders.

We are focused on providing sustainable dividends and profitable per share growth enhanced by value added acquisitions.

Whitecap's common shares are traded on the Toronto Stock Exchange under the symbol WCP.

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