Frontera Resources Retains SMH Capital for Capital Markets Advisory and Trading Liquidity Services and as Designated Advisor for U.S. Disclosure

Frontera Resources Retains SMH Capital for Capital Markets Advisory and Trading Liquidity Services and as Designated Advisor for U.S. Disclosure

Frontera Resources Corporation, an independent oil and gas exploration and production company, today announced that it has entered into a formal agreement with SMH Capital Inc., the broker-dealer subsidiary of Sanders Morris Harris Group, to serve as the Investment Bank Designated Advisor for Disclosure (“DAD”) in connection with Frontera’s OTCQX listing.

In a separate agreement, Frontera engaged SMH Market & Liquidity Services LLC, an affiliate of SMH Capital Inc., to provide capital markets advisory, strategic investor communication, in-depth company research and analysis, and trading monitoring and services.

Frontera Resources began trading publicly in March 2005 on the London Stock Exchange’s AIM Market, which remains the Company’s primary securities market, under the symbol FRR and with Morgan Stanley & Co. International plc as its Nominated Advisor (NOMAD). The Company began quotation on the OTCQX market in February 2008 to provide enhanced exposure, trading visibility and liquidity in the U.S. capital markets via the premium OTCQX trading, quotation and disclosure platform.

Steve C. Nicandros, Chairman and Chief Executive Officer, commented:

“As part of our ongoing effort to enhance Frontera’s exposure to worldwide financial markets, we are very pleased to announce this new relationship with SMH Capital. We believe their extensive expertise will enable our company to increase its visibility to U.S. investors and effectively allow our business to reach a broader investor base.”

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