International Frontier Resources Corporation

International Frontier Resources Corporation

March 23, 2011 17:38 ET

Frontier Announces Property Sale Cancelled

CALGARY, ALBERTA--(Marketwire - March 23, 2011) - International Frontier Resources Corporation ("IFR or the Company") (TSX VENTURE:IFR) reports that Hemisphere Energy Corporation, the company that offered to buy IFR's Alderson oil property, as reported on March 8, 2011, has provided notice to the Company that they did not receive Board of Directors approval to proceed with the transaction. The Company does not plan to look for another buyer for the Alderson property.

The company's shares are listed on the TSX-V trading under the symbol "IFR". For additional information on the company please visit

Pat Boswell, President 

This news release includes forward looking statements for which the Company seeks Safe Harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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