Stmnt re Share Price Movement

26 September 2017

Frontera Resources Corporation

("Company")

Statement re: Share Price Movement

Frontera Resources Corporation (AIM: FRR), a European focused independent oil and gas exploration and production company, notes the recent increase in the Company's share price and confirms that it knows of no specific reason for this increase.

The workover operations at Ud-2 well are progressing as scheduled and, at present, there is no further update to the announcement made on 21 September 2017. The Company will continue to keep the market appraised of any delvelopments.

Enquiries:

Zaza Mamulaishvili

(713) 585-3216

[email protected]

Cairn Financial Advisers LLP

+44 (0) 20 7213 0880

Jo Turner / Liam Murray

WH Ireland Limited

+44 (0) 207 220 1666

James Joyce / Alex Bond

Yellow Jersey

+44 (0) 203 735 8825

Tim Thompson

Harriet Jackson

Henry Wilkinson