SOURCE: Frontera Resources

Frontera Resources

April 28, 2009 02:00 ET

Frontera Resources Retains Canaccord Adams Limited as the Company's Nominated Advisor and Broker for Its AIM Listing

HOUSTON, TX--(Marketwire - April 28, 2009) - Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTCQX Market, U.S.A. - Symbol: FRTE), an independent oil and gas exploration and production company, announced today that it has appointed Canaccord Adams Limited as the Company's Nominated Adviser ("NOMAD") and Broker in connection with Frontera's AIM listing. This appointment is effective immediately. Frontera also anticipates that Canaccord Adams will be providing financial advisory and investment banking services in the future, pursuant to a separate engagement.

Frontera Resources began trading publicly in March 2005 on the London Stock Exchange's AIM Market, which remains the Company's primary securities market, under the symbol FRR. The Company began quotation on the OTCQX market in February 2008 to provide enhanced exposure, trading visibility and liquidity in the U.S. capital markets via the OTCQX trading, quotation and disclosure platform.

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 has operated in Georgia since 1997 where it holds a 100 percent working interest in a production sharing agreement with the government of Georgia. This gives Frontera the exclusive right to explore for, develop and produce oil and gas from a 5,060 square kilometer area in eastern Georgia known as Block 12. For more information about Frontera Resources, please see www.fronteraresources.com.

2. Canaccord Adams Limited ("CAL"), a wholly owned subsidiary of Canaccord Capital Inc., is a leading independent, full service investment dealer with capital markets operations in the United Kingdom, Canada and the United States of America. Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange. CAL is authorised and regulated by the FSA.

3. This release contains certain forward-looking statements, which may include, without limitation, expectations, beliefs, plans and objectives regarding potential transactions or ventures, potential drilling schedule, reserves and well performance, as well as future drilling, development and production. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: exploration and development results; availability and performance of needed equipment and personnel; seismic data; evaluation of logs and cores from wells drilled; results of production testing; fluctuations in oil and gas prices; weather conditions, general economic and capital markets conditions; the political situation in Georgia and neighboring countries; and other factors listed in Frontera's financial reports, which are available at www.fronteraresources.com/Investors.php?link_id=23. There is no assurance that Frontera's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements.