Issue of Equity

FRONTERA RESOURCES CORPORATION

("Frontera" or the "Company")

Houston, Texas, U.S.A. - 27 May 2015

Issue of Equity

Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, today announces that it has issued to YA Global II SPV LLC 18,750,000 new ordinary shares of US$0.00004 each of the Company (the "Fee Shares") in settlement of fees due for its arrangement role in the subscription announced by the Company on 5 May 2015 and which became unconditional in all respects on 26 May 2015.

Application has been made for the Fee Shares to be admitted to trading on AIM ("Admission") and it is currently expected that Admission will occur and trading in the Fee Shares will commence on 1 June 2015. The Fee Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Following Admission, the Company's enlarged issued share capital will be 3,278,092,823 ordinary shares, of which the Fee Shares will represent approximately 0.57 per cent.

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) 207 710 9610

Financial PR:

Buchanan

Helen Chan

+44 (0) 20 7466 5000

[email protected]