Frontera Resources Regulatory News (FRR)

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 10 November 2010

DIRECTOR'S DEALINGS

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTC Market - Symbol: FRTE), an independent oil and gas exploration and production company ("Frontera" or the "Company"), was informed on 9 November 2010 that Stephen McGregor, one of the Company's Non-Executive Directors, disposed of, in aggregate, 75,000 shares of the Company's Common Stock, representing 0.06 per cent. of the Company's issued share capital, as follows:

Following these transactions, Mr. McGregor is now interested in 1,271,959 shares of Common Stock representing 0.94 percent of the Company's issued share capital.

Enquiries:

Frontera Resources Corporation

Liz Williamson

Vice President, Investor Relations and Corporate Communications

(713) 585-3216

lwilliamson@fronteraresources.com

Nominated Adviser:

Strand Hanson Limited

James Harris / Paul Cocker / Liam Buswell

+44 (0)20 7409 3494

Broker:

Arbuthnot Securities Limited

Richard Johnson

+44 (0)20 7012 2000