Mr. Gabriel de Alba reports

FRONTERA ANNOUNCES ANNUAL MEETING RESULTS

Frontera Energy Corp. has released the results from its 2023 annual meeting of shareholders held today.

Election of directors

Shareholders elected each of the nominees proposed by management as set forth in the management information circular of the company dated March 30, 2023. The total number of shares represented by shareholders present in person or by proxy at the meeting was 60,340,410, representing approximately 70.83 per cent of Frontera's issued and outstanding common shares. The directors achieved an average approval vote of 98.79 per cent from shareholders.

The detailed results of the vote are set out in the attached table.

Each of the directors elected at the meeting will hold office until the close of the next annual meeting of shareholders of the company or until he or she resigns, or his or her successor is duly elected or appointed, pursuant to the articles of the company.

Detailed voting results for all resolutions considered by shareholders at the meeting are contained in the report of voting results, which is available on SEDAR under the company's profile on SEDAR.

Board and committee membership

The company has the following committees: audit committee; compensation and human resources committee (CHRC); and corporate governance, nominating and sustainability committee (CGNSC). The current committee membership is set forth in the attached table.

About Frontera Energy Corp.

Frontera is a Canadian public company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America, including related investments in both upstream and mid-stream facilities. The company has a diversified portfolio of assets with interests in 31 exploration and production blocks in Colombia, Ecuador and Guyana, and pipeline and port facilities in Colombia. Frontera is committed to conducting business safely and in a socially, environmentally and ethically responsible manner.