Frontera Resources Corporation announces an update on operations at its Taribani Field Unit and Basin Edge Play Unit, Block 12, Georgia.

Operations at the Dino #2 well, the first of an extensive Zone 9 development program at the Taribani Field Unit, have commenced and are in progress. Final preparations have been made for the drilling of the second of three planned Zone 9 development wells this year at Taribani Field (T-#45). This well will spud in September after completion of work at the Dino #2 well.

Mobilization of drilling rig to Lloyd #1 location at the Basin Edge Play Unit "C" Prospect is substantially complete and preparations are underway to commence drilling operations shortly.

Steve C. Nicandros, President and Chief Executive Officer, commented:"During the month of August, we passed several important milestones in our work programs at the Taribani Field Unit and the Basin Edge Play Unit. Operations commenced at the Dino #2 well within the Taribani Field Unit and are progressing according to plan. Moreover, important new reservoir engineering simulations were also completed and provided further validation of our historical analysis related to anticipated production performance from our planned completion designs for the Zone 9 development wells.

At our Basin Edge Play Unit, despite minor transportation delays related to shipping a second drilling rig to Georgia, the rig is now on location and will commence drilling operations shortly. In recent weeks, we have also continued to receive encouraging results from ongoing AVO analysis of our 3D seismic survey over the 'C' Prospect. As a result, we are technically well prepared and extremely excited to be commencing drilling operations on this giant prospect."