Frontera Energy Corporation announces that Mr. Burgos resigned from the Board of Directors of the Company immediately prior to his appointment as Chief Financial Officer of the Company on June 3, 2022, and stepped down as a member of each of the Audit Committee and Compensation and Human Resources Committee of the Board at the same time. Board member Mr. Luis Fernando Alarcón replaces Mr. Burgos on the Audit Committee and Board member Veronique Giry replaces Mr. Burgos on the CHRC. Reflecting these changes, effective June 3, 2022, the Audit Committee is comprised of three directors (Mr. W. Ellis Armstrong (Chair), Mr. Russell Ford and Mr. Alarcón), each of whom meets the criteria for independence and financial literacy set forth in National Instrument 52-110 Audit Committees, and the CHRC is comprised of three directors (Mr. Gabriel de Alba (Chair), Mr. Ford and Ms. Giry), each of whom meets the criteria for independence set forth in National Instrument 58-101 Corporate Governance.