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WHITECAP ANNOUNCES FILING OF PRELIMINARY PROSPECTUS AND DISCLOSURE OF SELECTED UNAUDITED 2010 RESULTS

CALGARY, ALBERTA – Whitecap Resources Inc. (“Whitecap” or the “Company”) is pleased to announce that it has filed and obtained a receipt for its preliminary prospectus with respect to its previously announced public offering of 20,000,000 subscription receipts ("Subscription Receipts") which includes selected unaudited year end and fourth quarter 2010 financial and operating information. The offering is scheduled to close on or about March 29, 2011 and is subject to customary regulatory approvals including the approval of the Toronto Stock Exchange.

To read the full press release, click here to download 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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