Director Purchases Shares

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 17 February 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 February 16, 2012, by Steve C. Nicandros, Chairman and CEO, of the purchase of 1,230,000 ordinary shares in the Company ("Ordinary Shares"). Following this share purchase, Mr. Nicandros holds a total of 159,493,473 Ordinary Shares, representing 7.42 percent of the Company's issued share capital. The share purchase occurred at the available market price as set forth below.

Enquiries:

Frontera Resources Corporation

Liz Williamson

Vice President, Investor Relations and Corporate Communications

Office: (713) 585-3216

Email: [email protected]

Nominated Adviser:

Strand Hanson Limited

James Harris / Andrew Emmott / Paul Cocker / Liam Buswell

+44 (0)20 7409 3494

Brokers:

finnCap Limited

Sarah Wharry

+44 (0) 20 7220 0500

Old Park Lane Capital Plc

Michael Parnes / Luca Tenuta

+44 (0)20 7493 8188

Cornhill Capital Limited

Nick Bealer/Stefan Olivier

+44 (0) 207 710 9610

Financial PR:

Buchanan

Tim Thompson / Ben Romney

+44 (0)20 7466 5000

[email protected]

Notes to Editors:

About Frontera Resources Corporation

Frontera Resources Corporation is an independent Houston, Texas, U.S.A.-based international oil and gas exploration and production company whose strategy is to identify opportunities and operate in emerging markets around the world. Frontera Resources Corporation shares are traded on the London Stock Exchange, AIM Market - Symbol: FRR. For more information, please visit www.fronteraresources.com