Frontera Energy Corporation announced the appointment of independent Board Member Richard Herbert as Chief Executive Officer, effective April 2, 2018. Mr. Herbert will replace Barry Larson, who will remain with the Company until April 30, 2018 to assist with the transition. In addition to his contribution to Frontera's Board of Directors since December 2017, Mr. Herbert brings to the company over 36 years of experience in global oil and gas exploration and development, including with BP plc, Talisman Energy Inc. and Phillips Petroleum company.

Concurrent with his appointment as CEO, Mr. Herbert has stepped down from his role as a director. Also effective April 2, 2018, David Dyck will join the company as Chief Financial Officer. Mr. Dyck brings to the company a proven track record of value creation, built over 29 years in senior financial and leadership roles within the Canadian energy industry, most recently as Senior Vice President and CFO of Penn West Petroleum Ltd. Peter Volk has resigned his position as General Counsel and Secretary of the company to pursue other opportunities, and will be replaced by Margaret McNee, a senior partner of McMillan LLP with over 30 years of experience as a corporate and securities lawyer.

Ms. McNee who has agreed to a secondment as the company's Acting General Counsel, while the company pursues the recruitment of a permanent replacement.