Mr. Tony Kinnon reports

IFR ANNOUNCES EXPIRY OF LETTER OF INTENT WITH JAGUAR

International Frontier Resources Corp.'s letter of intent with Jaguar Exploracion SAPI de CV dated April 28, 2023, and the amended letter of intent dated July 28, 2023, as previously announced on May 9, 2023, and July 28, 2023, respectively has expired effective Aug. 31, 2023. Neither of the options per the letters of intent have been exercised by Jaguar at the time of expiry.

The company continues to evaluate and review opportunities for the acquisition of assets or businesses that will enhance shareholder value.

Trading halt

Following the termination of the letter of intent, the company will seek to lift the trading halt on its common shares on the TSX Venture Exchange. The resumption of trading of the common shares of the company is subject to the approval of the TSX-V.

About International Frontier Resources Corp.

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

We seek Safe Harbor.