Director Purchases Shares

Frontera Resources Corporation was notified on September 22, 2006 of the purchase of 150,000 shares of the Company’s Common Shares by Spyros N. Karnessis, Director, in two separate transactions, as detailed below. The share purchase occurred at the available market price on September 22, 2006.

Director

Date

Purchase Price

No. of Shares

Spyros N. Karnessis, Director

September 22, 2006

£0.68

100,000

Spyros N. Karnessis, Director

September 22, 2006

£0.58

50,000