DIRECTOR PURCHASES SHARES AND CONVERTIBLE NOTES

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 12 October 2012

DIRECTOR PURCHASES SHARES AND CONVERTIBLE NOTES

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, was notified on 11 October 2012, by Steve C. Nicandros, Director and Chief Executive Officer, of the purchase by a company associated with Mr. Nicandros from certain accounts managed by DDJ Capital Management, LLC of: (i) 17,238,783 ordinary shares in the Company ("Ordinary Shares") at 0.475 pence per share, and (ii) $38,110.00 principal amount of the Company's Convertible Notes due 2016 at a price of $38,110.00. Following the share purchase, Mr. Nicandros holds a total of 176,732,256 Ordinary Shares, representing 7.69 percent of the Company's issued share capital.

Enquiries:

Frontera Resources CorporationLiz WilliamsonVice President, Investor Relations and Corporate Communications(713) 585-3216[email protected]

Nominated Adviser and Joint Broker:

finnCap Limited

Matt Goode / Chris Raggett

+44 (0) 20 7220 0500

Joint Broker:

Cornhill Capital LimitedNick Bealer / Stefan Olivier+44 (0)20 7710 9610

Financial PR:

BuchananTim Thompson / Helen Chan / Tom Hufton+44 (0)20 7466 5000[email protected]