CPT.L Regulatory News (CPT)

For immediate release

5 July 2013

Frontier Resources International Plc

("Frontier" or the "Company")

Admission and First Day of Dealings

£1.8 million raised via Placing

Frontier, the Middle East and Southern Africa focused oil and gas exploration company, is pleased to announce the admission of its enlarged issued share capital to trading on AIM. Dealings will commence at 8.00am today.

Summary

·; Frontier is an international oil and gas exploration company with a focus on the Middle East and Southern Africa.

·; Frontier has three onshore exploration projects in Oman, Zambia and Namibia.

·; The Oman licence block may contain an untested salt basin with exploration potentially analogous to the other proven salt basins of Oman.

·; The Company has raised £1.8 million before expenses, (£1.56 million net of expenses) through the placing of 30,000,000 new ordinary shares at a placing price of 6p.

·; On admission the Company will have 110,055,505 ordinary shares in issue and a market capitalisation of approximately £6.6 million at the placing price.

·; The Company is joining AIM in order to take advantage of AIM's profile, broad investor base, liquidity and the access it provides to institutional investors.

·; Beaumont Cornish Limited is acting as Nominated Adviser to Frontier and Beaufort Securities Limited is acting as Broker.

Jack Keyes, Chief Executive Officer, commented: "AIM is the market of choice for ambitious companies like Frontier and we are excited about the prospects for the future development of our projects, and in particular Oman."

About Frontier

Oman

On 10 October 2012, Frontier Oman, a wholly-owned subsidiary of the Company, signed an Exploration and Production Sharing Agreement (the Oman EPSA) with the Oman Government in respect of Block 38, the Mudayy Block. From the declaration of commerciality, which under the Oman EPSA means the date on which the Oman Government approves a field development plan for the commercial discovery of crude oil or natural gas and as appropriate a gas sales agreement becomes effective, an Oman Government company will be entitled to a 25 per cent. participating interest in the Oman EPSA.

Block 38 covers an area of 17,425 square kilometres and is located in the Dhofar region of southwest Oman in the southern part of the Rub Al Khali Basin. To the west lies the Republic of Yemen and to the east is the prolific South Oman Salt Basin. Block 38 has had only three wells drilled in it and is considered prospective for oil and gas given the production from the nearby Block 6 operated by Petroleum Development Oman. The Oman EPSA is a six year agreement comprising two three year phases.

Based on the evaluation of vintage seismic, well data and regional geologic studies, the directors believe that Block 38 contains an untested salt basin with exploration potentially analogous to the other proven salt basins of Oman. Primary targets are the carbonate stringers embedded in Ara Group salts lying at depths of between 3,000 and 5,000 metres. Secondary targets include the shallower Haima Play which had minor oil shows during drilling and the deeper Buah Formation which has proven to be gas productive elsewhere in Oman.

Frontier plans to conduct geophysical and geological studies during the first phase of the Oman EPSA to determine the range of drilling opportunities that may be available. This information will then be used to design a 3D seismic survey, the results of which will lead to the drilling of a well if a suitable structure is identified. The Company plans to start immediately the reprocessing of older seismic data and acquire aero gravity and magnetic surveys in preparation for the 3D seismic survey.

The Block 38 licence area could contain prospective resources. The competent persons report on Oman prepared by SLR Consulting ("Oman CPR") contains an estimate of the oil-initially-in-place within the Ghudun Basin of 15.5 billion barrels of oil equivalent. Because of drainage towards the Ghudun-Khasfah High, SLR Consulting state that Block 38 can be expected to contain 70 per cent. of this volume i.e. 10.8 billion barrels of oil equivalent in place. Adjusting for an 18 per cent. recovery factor, SLR Consulting estimates that Block 38 could hold 1.9 billion barrels of prospective resources. The estimate of net attributable prospective resources is based on Frontier's initial 100 per cent. interest in the Oman EPSA (prior to a declaration of commerciality) and is set out in the Table below:

Table 1: Oil & Liquids Prospective Resources (MMbbls) for a Cluster of Prospects in Block 38

Notes:

(i) Source: Oman CPR, which is set out in full in Part A of Part VII of the Admission Document, a copy of which is available at the Company's website, www.friplc.com.

(ii) OIIP is oil-initially-in-place.

(iii) Risk Factor for Prospective Resources means the chance or probability of discovering hydrocarbons in sufficient quantity for them to be tested to the surface. This is the chance or probability of the Prospective Resources maturing into a Contingent Resource.

(iv) Recovery Factor is the estimated percentage of OIIP that would be recoverable under appropriate development projects such as the analogous Harweel Cluster of fields operated by PDO in the adjacent Block 6.

Zambia

In March 2011, Frontier, together with its local partner, Metprosol, was awarded the Zambia Licence, PEL 004, covering Block 34, by the Zambian Ministry of Mines and Minerals Development. This Block covers an area of approximately 5,888 square kilometres and is located in the Kafue Trough which is located approximately 150 kilometres southwest of the capital, Lusaka. Frontier has gathered available data from the region, including three older seismic lines acquired by Placid Oil in 1986 southwest of Block 34. Core analysis from a shallow core hole drilled on the block by the Zambian Geological Survey has identified an organic rich source rock. The Company is now engaged in further evaluation of this block.

Namibia

On 17 October 2011, Frontier signed a petroleum agreement with The Government of the Republic of Namibia for two blocks, 1717 and 1817, covering approximately 19,000 square kilometres. The initial two year licence was granted on 20 January 2012. These blocks are located in the Owambo Basin in northern Namibia. Frontier has mapped two leads in Block 1817 using the available seismic, gravity and geological data. These leads are of substantial areal extent and thickness and, if matured to the prospect level by the acquisition of further seismic data, Moyes & Co (who has prepared a competent persons report on the Namibian blocks) believes they could contain significant levels of hydrocarbons.

For further information and a copy of the Company's Admission Document, please visit www.friplc.com or contact:

Frontier Resources International Plc

Jack Keyes, Chief Executive Officer Tel: +1 (713) 962 0887

Barbara Spurrier, Finance Director Tel: 0203 475 8108

Beaumont Cornish Limited

Nominated Adviser Tel: 0207 628 3396

Michael Cornish/Roland Cornish

Beaufort Securities Limited Tel: 0207 382 8300

Broker

Christopher Rourke / Guy Wheatley

Yellow Jersey PR Limited

Financial PR

Dominic Barretto/Anna Legge Tel: 020 3664 4087

ENDS