BFR Buffalo Resources Com Npv

Buffalo Resources Corp. ("Buffalo")(TSX VENTURE:BFR) is pleased to announce that
it has completed the sale of its Killam oil property in East Central Alberta as
announced by way of press release on June 23, 2008. The sale proceeds were
$21.75 million plus a 5% non convertible overriding royalty on 50% of the
production of certain natural gas rights.


This transaction allows Buffalo to focus capital expenditures on its core
producing properties at Frog Lake and Pincher Creek and strengthens the balance
sheet by reducing net debt to less than one year's cash flow.


Buffalo is a Canadian junior oil and gas company engaged in the exploration,
development and production of oil and gas reserves in the provinces of Alberta
and Saskatchewan.


Certain information set forth in this press release contains forward looking
statements. Readers are cautioned that the assumptions used in the preparation
of such information, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, reliance should not be placed on
forward-looking statements. Buffalo's actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and accordingly, no assurance can be given that
any of the events anticipated by the forward-looking statements will transpire
or occur, or if any of them do so, what benefits Buffalo will derive therefrom.
Buffalo disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

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