Holding(s) in Company

Holdings in Company

FRONTERA RESOURCES CORPORATION

("Frontera" or the "Company")

Houston, Texas, U.S.A. 23 April 2015

Holdings in Company

Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, has been notified by Outrider Management, LLC of disposal of, in aggregate, 109,326,864 ordinary shares of USD0.00004 each in the Company. Following the disposal, Outrider Management, LLC no longer holds a notifiable interest in the Company's issued share capital.

Enquiries:

Frontera Resources Corporation

Liz Williamson

Vice President, Investor Relations and Corporate Communications

(713) 585-3216

[email protected]

Nominated Adviser:

Cairn Financial Advisers LLP

61 Cheapside, London EC2V 6AX

Jo Turner/Avi Robinson

+44 (0) 20 7148 7900

Broker

Cornhill Capital Limited

Nick Bealer / Stefan Olivier

+44 (0) 20 7710 9610

Financial PR:

Buchanan

Helen Chan

+44 (0) 20 7466 5000

[email protected]