Houston, Texas U.S.A. - 3 October, 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 an exercise of stock options, it has applied for the admission of 37,500 shares of Common Stock to trading on AIM.   

Following this issue, the enlarged issued share capital of the Company is 73,904,268 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 October 7, 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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