Frontera Resources Corporation Receives the Drilling Permit from the State Agency of Oil and Gas for Operations at the Well T-39 in the Taribani Complex of Block 12, Georgia

Frontera Resources Corporation (Frontera), with its subsidiaries is engaged in the development of oil and gas projects. The Company focuses on the onshore Kura Basin situated between the Caspian Sea and the Black Sea in the nations of Azerbaijan and Georgia. Frontera's activities are focused on the exploration and development of the geographic area associated with Block 12 in Georgia. Frontera's also focuses on the shallow fields production unit, basin edge play unit, shale gas play unit and taribani field unit. The shallow fields production unit is located in the central portion of Block 12. The Taribani Field, situated within the Taribani field unit complex alongside the Kila Kupra, Iori and Baida fields. The Basin edge B prospect and the Basin edge C prospect are situated in the Cretaceous carbonate play, which lies along the northern border of Block 12.