Director Purchases Shares

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 23 July 2012

DIRECTOR PURCHASES SHARES

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, was notified on July 20, 2012, by Andrew Szescila, Director, of the purchase of 500,000 ordinary shares in the Company ("Ordinary Shares"). Following this share purchase, Mr. Szescila holds a total of 2,000,000 Ordinary Shares, representing 0.09 percent of the Company's issued share capital.

Enquiries:

Frontera Resources CorporationLiz WilliamsonVice President, Investor Relations and Corporate Communications(713) 585-3216lwilliamson@fronteraresources.com

Nominated Adviser and Joint Broker:

finnCap Limited

Matt Goode/Chris Raggett

+44 (0) 20 7220 0500

Co-Brokers:

Old Park Lane Capital PlcMichael Parnes / Luca Tenuta+44 (0)20 7493 8188

Cornhill Capital LimitedNick Bealer / Stefan Olivier+44 (0)20 7710 9610

Financial PR:

BuchananTim Thompson / Helen Chan+44 (0)20 7466 5000timt@buchanan.uk.com