Commencement of Operations at Well T-45

1 February 2018

Frontera Resources Corporation

("the Company")

Commencement of Operations at Well T-45

Frontera Resources Corporation, the European-focused oil and gas exploration and production company, is pleased to announce that drilling (well deepening) operations at the T-45 well in Taribani complex commenced on 31 January 2018. The drilling (deepening) operations are expected to be completed within the month of February reaching a total target depth of 2700m. Following completion of operations, testing of the well is expected to commence and, as previously announced, it is the intention that Zones 9, 14 and 15 of the Eldari reservoir will be stimulated and produced together. Once the testing is completed, the Company will update the market in due course

The Company further announces that it will be presenting at the Oil Capital Conference today in London for analysts and investors. No material new information will be disclosed.

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