An anonymous director reports

FRONTERA ENERGY CORPORATION ANNOUNCES EARLY TENDER AND CONSENT DATE RESULTS UNDER ITS TENDER OFFER AND CONSENT SOLICITATION FOR ITS OUTSTANDING 10.0% SENIOR SECURED NOTES DUE 2021

Frontera Energy Corp. had received, as of 5 p.m. New York time, on June 15, 2018, tenders and consents from holders of $250-million (U.S.) (or 100 per cent of the aggregate principal amount) of its outstanding 10 per cent senior secured notes due 2021, pursuant to its previously announced cash tender offer and consent solicitation made upon the terms and subject to the conditions set forth in the offer to purchase and consent solicitation statement dated as of June 4, 2018, and the related letter of transmittal. The early tender and consent date has now passed, and withdrawal rights under the offer have expired.

As a result of the receipt of the consents described above, the Company will enter into a supplemental indenture incorporating the proposed amendments, which include (i) the release of collateral and guarantees and (ii) the elimination of substantially all of the restrictive covenants and certain events of default and related provisions and the shortening of the minimum notice period for the optional redemption of the Notes by the Company from 30 days to five days. These amendments will not become operative unless the conditions to purchase the Notes set out in the Offer to Purchase are satisfied.

The Company's obligation to purchase the Notes is conditioned upon the satisfaction of certain conditions set out in the Offer to Purchase, including the completion of debt financings on terms and conditions and yielding net cash proceeds satisfactory to the Company. These conditions have not yet been satisfied in full, and the Company has the right, in its sole discretion, to amend or terminate the Offer at any time, and settlement for all Notes tendered prior to the Early Tender and Consent Date is contingent on the satisfaction or waiver of these conditions.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as Dealer Managers for the Offer. The Depositary and the Information Agent is Global Bondholder Services Corporation.

Requests for documentation should be directed to Global Bondholder Services Corporation at (866) 470-3900. Questions regarding the Offer should be directed to the Dealer Managers at (888) 292-0070 (for BofA Merrill Lynch), (800) 558-3745 (for Citigroup), (888) 472-2456 (for HSBC), (888) 770-4828 (for Itau BBA), or (866) 470-3900 (for J.P. Morgan).

We seek Safe Harbor.