International Frontier Resources Corporation

International Frontier Resources Corporation
Katlodeeche First Nations

February 10, 2005 13:44 ET

Katlodeeche First Nations sign MOU with International Frontier to jointly explore Katlodeeche acreage in the Northwest Territories


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL FRONTIER RESOURCES CORP.

TSX VENTURE SYMBOL: IFR



AND KATLODEECHE FIRST NATIONS

FEBRUARY 10, 2005 - 13:44 ET

Katlodeeche First Nations sign MOU with International
Frontier to jointly explore Katlodeeche acreage in the
Northwest Territories

CALGARY, ALBERTA--(CCNMatthews - Feb. 10, 2005) - Chief Roy Fabian today
announced that the Katlodeeche First Nations have signed a Memorandum of
Understanding ("MOU") to form a joint venture with International
Frontier Resources Corporation (TSX VENTURE:IFR) to explore for oil and
gas on Katlodeeche lands. Chief Roy Fabian commented, saying "the joint
venture partnership honors our culture and vision for future generations
and provides immediate and future economic benefits for the Katlodeeche
First Nations".

International Frontier is pleased to form a joint venture with the
Katlodeeche First Nations to explore this large tranche of acreage
covering approximately 1,900,000 acres (3,000 square miles). The acreage
portfolio provides the Company with exposure to additional exploration
prospects with significantly lower front end exploration costs than the
Company's current exploration program in the Central Mackenzie Valley,
NWT. The acreage is located immediately north of the Alberta border in
the Deh Cho region of the southern Northwest Territories. The area is
accessible on paved highways which will allow for extended seismic and
drilling seasons and within close proximity to pipeline infrastructure.
The Company will commence geological and geophysical operations upon
execution of formal agreements.

The MOU provides access to both Reserve and Traditional lands together
with a framework for our partner to request Crown lands located within
the Katlodeeche Traditional area be opened for licensing. The parties
have agreed to execute an access agreement and benefits plan in a timely
fashion. Concurrent with reaching this agreement, the Company has,
subject to regulatory approvals, agreed to issue 75,000 shares and to
make certain cash payments to Katlodeeche as the exploration program
progresses.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International Frontier Resources Corp.
    Pat Boswell
    (403) 215-2781
    or
    Katlodeeche First Nations
    Chief Roy Fabian
    (867) 874-6701
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    responsibility for the adequacy or accuracy the contents of this news
    release.