Option Grant

17 Oct 2007 07:01

Frontera Resources Corporation17 October 2007 Frontera Resources Corporation October 17, 2007 Frontera Resources Corporation ("Frontera" or the "Company") Option Grant The Company granted stock options to members of the Board of Directors as listedbelow: Director Date Amount Price Vesting Date Stephen McGregor*, October 15, 2007 600,000 $2.87 October 15, 2007Director Spyros Karnessis, October 10, 2007 50,000 $2.87 October 10, 2008Director Luis Guisti, October 10, 2007 50,000 $2.87 October 10, 2008Director Lan Bentsen, October 10, 2007 150,000 $2.87 October 10, 2008Director Andrew Szescila, October 10, 2007 50,000 $2.87 October 10, 2008Director * Options to Mr. McGregor were granted as compensation for services provided bySEM Consulting, LLC (SEM) pursuant to SEM's 2001 consulting and advisoryagreement with Frontera. As previously disclosed, such services were provided inconnection with Frontera's May 2007 private placement of convertible notes andsubsequent exercise of the over-allotment option. This information is provided by RNS The company news service from the London Stock Exchange