Mr. Grayson Andersen reports

FRONTERA ANNOUNCES PRICING OF U.S.$350 MILLION AT 9.70% SENIOR UNSECURED NOTES OFFERING

Frontera Energy Corp. has successfully priced an offering of $350-million (U.S.) in senior unsecured notes due 2023 at a coupon rate of 9.70 per cent pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, with closing expected to occur on or about June 25, 2018. However, there can be no assurances that the issuance and sale of the notes will be consummated.

The proceeds from the offering will be used to (i) repurchase, at a premium, the company's $250-million (U.S.) 10.0 per cent senior secured notes due 2021 pursuant to a tender offer and (ii) for general corporate purposes. The notes have been assigned a rating of BB-(EXP) by S&P Global Ratings and B+(EXP)/RR4 by Fitch Ratings.

About Frontera Energy Corp.

Frontera Energy is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in Latin America. The company has a diversified portfolio of assets with interests in more than 30 exploration and production blocks in Colombia and Peru.

We seek Safe Harbor.