Director Purchases Shares

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 3 July 2012

DIRECTOR PURCHASES SHARES

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, was notified on July 2, 2012, by Andrew Szescila, Director, of the purchase of 939,075 ordinary shares in the Company ("Ordinary Shares"). Following this share purchase, Mr. Szescila holds a total of 1,500,000 Ordinary Shares, representing 0.07 percent of the Company's issued share capital. The share purchase occurred at the available market price as set forth below.

Enquiries:

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

Nominated Adviser and Joint Broker:

finnCap Limited

Sarah Wharry

+44 (0) 20 7220 0500

Co-Brokers:

Old Park Lane Capital PlcMichael Parnes / Luca Tenuta+44 (0)20 7493 8188

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

Financial PR:

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