Director purchases shares

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 10 October 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 October 9, 2012, by Stephen E. McGregor, Chief Financial Officer and Executive Director, of the purchase of 1,000,000 ordinary shares in the Company ("Ordinary Shares"). Following this share purchase, Mr. McGregor holds a total of 14,544,292 Ordinary Shares, representing 0.63 percent of the Company's issued share capital. The share purchase occurred at the available market price as set forth below.

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-Broker:

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

Financial PR:

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