Director Shareholding

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 26 October 2012

DIRECTOR SHAREHOLDING

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR) (the "Company"), an independent oil and gas exploration and production company, has become aware of an inconsistency in its announcements made on 5 October 2012 and the 9 October 2012 (the "Announcements") relating to the aggregate shareholdings of Andrew J. Szescila.

While each of the Announcements in each case correctly discloses the number of shares purchased by Mr Szescila, the resultant aggregate shareholding of Mr Szescila detailed in each of the Announcements is understated by 500,000 ordinary shares, being the shares purchased by Mr Szescila on 20 July 2012 and as announced on 23 July 2012.

The Company confirms that Mr Szescila's shareholding is 4,000,000 ordinary shares, representing 0.17 per cent 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

Co-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]