Mr. Grant Fagerheim reports

WHITECAP RESOURCES INC. ANNOUNCES INCLUSION IN THE S&P/TSX COMPOSITE INDEX

Standard and Poor has added Whitecap Resources Inc. to the S&P/TSX Composite Index as a result of the Quarterly S&P/TSX Composite Index Review. Whitecap's inclusion in the index is effective with the opening of trading on March 19, 2012.

Listed securities eligible for inclusion in the index must meet certain criteria which are primarily based on a company's market capitalization and the liquidity of its stock relative to other stocks in the index, and Whitecap has met all of the criteria.

The inclusion highlights the tremendous growth and progress achieved by Whitecap in a very short period of time. The company looks forward to the positive impact this may have on its stock and greater visibility in the investment community.

The S&P/TSX Composite Index is the headline index in Canada and premier indicator of performance for Canadian equity markets.

We seek Safe Harbor.