Mr. Steve Hanson reports

IFR ANNOUNCES STOCK OPTION GRANT

Subject to regulatory approval, International Frontier Resources Corp. has granted, pursuant to its incentive stock option plan, 7.25 million stock options to purchase common shares to directors, officers and consultants of the company, with an exercise price of eight cents per share and an expiry date of June 10, 2024. Of the options granted, 450,000 vest immediately, with the remaining 6.8 million vesting over three years from the date of grant.

The company relied on Section 5.5(b) of Multilateral Instrument 61-101 as the exemption from the formal valuation requirements of MI 61-101 in respect of the grant of options to the directors and officers of the company, as the common shares of the company are not listed on a specified market (and the common shares are only listed on the TSX Venture Exchange). The company relied on Section 5.7(a) of MI 61-101 as the exemption from the minority approval requirements of MI 61-101 in respect of the grant of options to the directors and officers of the company, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the grant of the options to the director of the company exceeded 25 per cent of the company's market capitalization.

About International Frontier Resources Corp.

International Frontier is a Canadian publicly traded company with a demonstrated record of advancing oil and gas projects. Through its Mexican subsidiary, Petro Frontera SAPI de CV, and strategic joint ventures, it is advancing the development of petroleum and natural gas assets in Mexico. The company also has projects in Canada and the United States, including the Northwest Territories and Montana.