Holding(s) in Company

FRONTERA RESOURCES CORPORATION

Houston, Texas, U.S.A. - 15 February 2011

HOLDINGS IN COMPANY

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTC Market, U.S.A. - Symbol: FRTE), an independent oil and gas exploration and production company, today announces that it received notification on 14 February 2011 that following a sale of shares in the Company, DDJ Capital Management, LLC ("DDJ") no longer holds a notifiable interest in the Company's share capital. DDJ continues to hold convertible notes and warrants to purchase shares of common stock. The shares were sold in connection with planned fund liquidations by DDJ.

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

Notes to editors:

1. Frontera Resources Corporation is an independent Houston, Texas, U.S.A.-based international oil and gas exploration and production company whose strategy is to identify opportunities and operate in emerging markets around the world. Frontera Resources Corporation shares are traded on the London Stock Exchange, AIM Market - Symbol: FRR and via the Over-the-Counter Market, U.S.A. - OTC Symbol: FRTE. For more information, please visit www.fronteraresources.com.