International Frontier Resources Corporation announced a non-brokered private placement of up to 40,000,000 common shares at a price of CAD 0.025 per share for the gross proceeds of CAD 1,000,000 and Secured Convertible Debenture for the gross proceeds of CAD 750,000; for aggregate gross proceeds of CAD 1,750,000 on May 10, 2021. The Convertible Debenture will have a 3 years term from the date of issuance and will bear an interest rate of 10% per annum, calculated semi-annually, and payable on the Conversion Date or Maturity Date. The Convertible Debenture will be convertible in to common shares of the company at any time prior to the Maturity Date at a conversion price equal to a 10% discount to the deemed price of the Resulting Issuer Shares on completion of the Proposed Transaction provided that the minimum Conversion Price will equal CAD 0.025 multiplied by the Consolidation ratio, The Offerings may be closed in one or more tranches. All securities to be issue in the transaction are subject to statutory hold period expiring four months and a day from the closing dates of the Offerings. The Offering is expected to close within two weeks of the execution of the LOI. The transaction is expected to close on or about June 4, 2021 and is subject to regulatory approval, including the approval of the TSXV.