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 www.internationalfrontier.com.
Pat Boswell, President
This news release includes forward looking statements for which the Company seeks Safe Harbor.
Contact Information: International Frontier Resources Corporation
Pat Boswell
President
403-215-2781
www.internationalfrontier.com