SOURCE: Frontera Copper Corporation

November 28, 2008 08:00 ET

Frontera Copper and Invecture Group, S.A. de C.V.

TORONTO and PHOENIX, AZ--(Marketwire - November 28, 2008) - Frontera Copper Corporation (TSX: FCC) (TSX: FCC.NT) (TSX: FCC.NT.A) today acknowledged the recent purchase of a 16 percent equity interest in the Company by Invecture Group, S.A. de C.V., a Mexican registered company ("Invecture"). Invecture has announced its intention to seek to acquire additional shares in the Company to the extent of at least the number of shares that would constitute legal control, provided such shares are available at an acceptable price. While a verbal dialog is currently underway between the Company and Invecture, the Company has received neither a formal offer nor entered into any agreements with Invecture pursuant to Invecture's stated intentions.

In light of the recent downturn in the copper market, the Board of Directors of Frontera Copper appointed a Finance Committee in October to evaluate the appropriate course of action to ensure maximum value for the stakeholders of the Company. The Company also intends to engage the services of a fiscal adviser in the near future to assist in the evaluation of any formal offers that may be received from Invecture or other interested parties with whom similar discussions are presently underway.

ABOUT FRONTERA COPPER CORPORATION

Frontera Copper is a Canadian mining, development and exploration company whose principal activity is the production of copper cathode from the Piedras Verdes run-of-mine heap-leach copper operation in Sonora, Mexico. Based on the January 1, 2008 ore reserves and the estimated recoverable copper contained on the leach pads at December 31, 2007, approximately 1 billion pounds of copper is projected to be produced over the remaining 17-year life of the operation.

For further information, please see Frontera Copper's website at www.fronteracopper.com or contact:

Contact Information

  • Rod Prokop
    Vice President, Investor Relations
    (602) 424-5483
    Email Contact

    Alan Edwards
    President and Chief Executive Officer
    (602) 424-5488