International Frontier Resources Corporation

International Frontier Resources Corporation
K'agee Tu First Nation

Katlodeeche First Nation

September 12, 2005 09:30 ET

International Frontier Acquires Additional Acreage in Northwest Territories

CALGARY, ALBERTA--(CCNMatthews - Sept. 12, 2005) - International Frontier Resources Corporation (TSX VENTURE:IFR): Chief Lloyd Chicot of K'agee Tu First Nation (Kakisa, NWT) and Chief Roy Fabian of Katlodeeche First Nation (Hay River, NWT) are pleased to announce that they have signed a Resource Sharing Agreement to equally benefit from their overlapping traditional areas for the purposes of Oil and Gas Resource Development.

Both Chief Chicot and Chief Fabian expressed their satisfaction with the agreement and in the way it was approached, negotiated, and structured in the final document. They advised that the approach taken was based on aboriginal values of sharing and respect for each party's interest. By incorporating traditional values into the negotiation process, long and costly legal delays were avoided. Shared or "common lands" used by different aboriginal groups have always been a part of First Nations culture, and sharing the resources found under those lands is a very natural extension of those traditional values. With the Oil and Gas Industry poised to increase exploration for Oil and Gas in the Northwest Territories, the Chief's expressed their commitment to be ready for development, to work together towards common goals, and to maximize the position of their respective bands to share in the business opportunities, work, and benefits.

Chief Fabian also announced that the Katlodeeche First Nation is working in a joint venture with International Frontier Resources Corporation of Calgary to prepare for exploration on both the shared and wholly claimed area's that it considers to be its' sole traditional lands.

The common or "overlap lands" referred to in the agreement encompasses approximately 3300 square kilometers and stretch from the Cameron Hills area near the Alberta Border to Great Slave Lake, Northwest Territories. There are currently a number of producing oil and gas wells in the area with existing pipeline infrastructure leading into Northern Alberta.

The Katlodeeche "Traditional Lands", including those lands shared with the K'agee T'u (Kakisa) encompass more than 17,000 square kilometers located between the northern Alberta border and the southern waters of Great Slave Lake.

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