Natural Gas Transportation Licence Extension

15 November 2017

Frontera Resources Corporation

(the "Company")

Natural Gas Transportation Licence Extension

Frontera Resources Corporation (AIM: FRR), the European-focused independent oil and gas exploration and production company, is pleased to provide the following update related to its work in Georgia.

On 14 November 2017, the Ministry of Energy's State Agency of Oil and Gas extended the Company's natural gas transportation licence related to the 14-km natural gas pipeline which the Company built in 2014 and which connects the Company's natural gas processing facility at Mtsarekhevi Gas Complex with Georgia's natural gas distribution grid.

The initial licence was issued on 16 April 2014 and was effective for two years. In 2016, the licence was subsequently extended for one year, through 14 November 2017. The current extension is effective for 5 years until 14 November 2022.

The Company is also announcing that extensive testing at Ud-2 well at the Mtsarekhevi Gas Complex is continuing as previously announced. Updates in this regard will be provided in due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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