IFR International Frontier Resources Corp

International Frontier Resources Corporation ("Frontier" or the "Company") (TSX
VENTURE:IFR) today reported that it has entered into binding letter agreements
with six vendors to purchase title to the vendor's oil and gas rights covering
5,600 freehold acres (more or less). Frontier has agreed to pay the vendors
$186.33 per net acre for a total consideration of up to $1,043,448. The final
purchase price will be determined by the number of net acres owned by the
vendor's upon completion of the Company's title opinion. 


The fee lands are located in the Blackfeet Reserve, Glacier County NW Montana
where Anschutz Exploration (private), Newfield Exploration ("NFX") and Rosetta
Resources ("ROSE") are currently conducting exploration, appraisal and
development drilling programs. The drilling programs are designed to evaluate
multiple stacked reservoirs within the over-pressured Bakken petroleum system of
the Southern Alberta Basin. This emerging tight-rock-light-oil play extends from
NW Montana into SW Alberta where Companies are using horizontal drilling and
multi-stage-fracking technology to evaluate the play. 


Upon closing the purchase Frontier will have increased its fee acreage position
from 17,080 acres to 22,680 acres (more or less) and increased its ownership of
fee acreage in 42 townships to 51 townships (a township = 6 sq. miles). To date
there have been 34 wells licensed, or drilled, in townships where Frontier owns
fee acreage, the wells are being drilled by Anschutz, Newfield and Rosetta.


The majority of the Company's acreage is currently under lease to operators
drilling in the Blackfeet Reserve, the leases reserve in favor of Frontier gross
overriding royalties ranging from 12.50% to 18%. The operator's leases expire at
various times over the period 2012 to 2016, to continue a lease beyond the
expiry period the operator is required to establish production from the lease.
Frontier's fee lands do not expire.

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