Mr. Tony Kinnon reports

IFR COMMON SHARES TO RESUME TRADING

Further to its news release dated Sept. 1, 2023, the common shares of International Frontier Resources Corp. will resume trading on the TSX Venture Exchange at market opening on Tuesday, Oct. 31, 2023.

The common shares of IFR had been halted since May 6, 2021, in connection with the TSXV's review of the potential reverse take-over of the Company, as previously announced on May 10, 2021. On December 14, 2022, the Company announced that it had terminated further negotiation with respect the potential reverse take-over and also announced that it had entered into a non-binding letter of intent with Jaguar Exploration y Produccion 2.3, S.A.P.I. de C.V. ("Jaguar") with respect to a potential farm-in arrangement. Trading in the common shares remained halted pending the TSXV's review in connection with the proposed transaction with Jaguar. On September 1, 2023, the Company announced that the letter of intent with Jaguar had expired and that neither of the options had been exercised by Jaguar at the time of expiry.

The Company continues to evaluate and review strategic alternatives on its existing asset base in Mexico and Canada as well as potential new opportunities that will maximize shareholder value.

About International Frontier Resources

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

IFR's Common Shares are listed on the TSXV, trading under the symbol IFR. For additional information please visit www.internationalfrontier.com.

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