Frontera Resources Corporation declared the retirement of Mr. Spyros Karnessis from the Company's board of directors, with immediate effect. Mr. Karnessis will however remain as an adviser to the Board. A successor non-executive director is planned to be named within the next three months.

Steve C. Nicandros, chairman and chief executive officer, commented: "On behalf of the Board, I would like to sincerely thank Spyros for his instrumental role in helping to lead and build the Company over the years. His vision, insights and important investment have been invaluable in bringing Frontera to where it is today and positioning it for a bright and successful future."

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