Houston, Texas U.S.A. - 12 September, 2008

ISSUANCE OF NEW SHARES

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTCQX Market, U.S.A. - Symbol: FRTE), an independent oil and gas exploration and production company, today announced that, pursuant to conversions of the Company's 10% convertible notes due 2012, it has applied for the admission of 706,875 shares of Common Stock to trading on AIM.   

Following this issue, the enlarged issued share capital of the Company is 73,866,768 shares of Common Stock (excluding 5,739,855 shares held as treasury stock).  The new shares, which are expected to be admitted to trading on September 16, 2008, will rank pari passu with the existing shares.

Enquiries:  

Frontera Resources Corporation
Liz Williamson                 
Vice President Investor Relations and Corporate Communications
Houston, Texas U.S.A. 
Office: +1 (713) 585-3216
Email: lwilliamson@fronteraresources.com  

Brunswick Group LLP
Patrick Handley / Camilla Gore        
London: +44 207 4045959

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