Director's Dealings

FRONTERA RESOURCES CORPORATION

("Frontera" or the "Company")

Houston, Texas, U.S.A. - 1 December 2011

Director's Dealings

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, was notified on 29 November 2011 that Steve C. Nicandros, Chairman and Chief Executive Officer of the Company, purchased, on 29 November 2011, 235,000 ordinary shares of US$ 0.00004 each in the Company ("Ordinary Shares") at a price of 1.11 pence per Ordinary Share and 915,000 Ordinary Shares in the Company at a price of 1.01 pence per Ordinary Share.

Following these share purchases, Mr Nicandros now holds a total of 158,263,473 Ordinary Shares, representing approximately 7.64% of the Company's issued ordinary share capital.

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) 207 409 3494

Brokers:

finnCap LimitedSarah Wharry+44 (0) 207 220 0500

Old Park Lane Capital Plc

Michael Parnes / Luca Tenuta

+44 (0) 207 493 8188

Cornhill Capital Limited

Nick Bealer/Stefan Olivier

+44 (0) 207 710 9610

Financial PR:

Buchanan

Tim Thompson / Ben Romney

+44 (0) 207 466 5000

[email protected]