Pursuant to a special resolution passed by shareholders Sept. 14, 2010, the company has consolidated its capital on a 1:10 basis and has subsequently increased its authorized capital. The name of the company has not been changed.

Effective at the opening Monday, Oct. 18, 2010, common shares of Whitecap Resources Inc. will commence trading on the Toronto Stock Exchange on a consolidated basis. The company is classified as an oil and gas exploration company.

Postconsolidation

Capitalization:  unlimited shares with no par value of which 31,447,780 shares are issued and outstanding

Escrow:  4,308,644 shares are subject to escrow

Transfer agent:  Olympia Trust Company

Trading symbol:  WCP (unchanged)

Cusip No.:  96467A 20 0 (new)

The TSX Venture Exchange has been advised that the company's shares will be listed and commence trading on the Toronto Stock Exchange at the opening on Monday, Oct. 18, 2010, under the symbol WCP.

As a result of this graduation, there will be no further trading under the symbol WCP on the TSX Venture Exchange after Friday, Oct. 15, 2010, and its shares will be delisted from the TSX Venture Exchange at the commencement of trading on the Toronto Stock Exchange.