Mr. Warren Levy reports

INTERNATIONAL FRONTIER RESOURCES CORPORATION AND KINJAL CORPORATION ANNOUNCE THE EXECUTION OF THE DEFINITIVE AGREEMENTS TO ACQUIRE JAGUAR EXPLORATION Y PRODUCCION'S OUTSTANDING INTEREST IN TONALLI AND TO FARM INTO THE CS.06 AND A10.CS BLOCKS

International Frontier Resources Corp. and Kinjal Corp. have executed definitive agreements relating to the acquisition and farm-in transactions described below.

Specifically, Petro Frontera SAPI de C.V. has executed a definitive share purchase agreement with Jaguar Exploracion y Produccion de Hidrocarburos SAPI de C.V. to acquire Jaguar's outstanding 57.37-per-cent interest in Tonalli Energia SAPI de C.V., the operator and holder of the A24.TM Tecolutla field. In parallel, Kinjal has executed a definitive farm-in agreement with Jaguar 2.3 and Pantera Exploracion y Produccion 2.2 SAPI de C.V. (Pantera 2.2) covering the CS.06 and A10.CS natural gas blocks in southern Mexico. Tonalli/Tecolutla, CS.06 and A10.CS are collectively referred to as the Jaguar assets.

Tonalli/Tecolutla

Tonalli holds a 100-per-cent working interest in, and is operator of, the Tecolutla block in Veracruz, Mexico. IFR, through Petro Frontera, currently owns 42.63 per cent of Tonalli. Following completion of the acquisition of Jaguar's outstanding 57.37-per-cent interest and the proposed reverse takeover of IFR by Kinjal, the resulting issuer is expected to indirectly own 100 per cent of Tonalli, consolidating ownership and operational control of the Tecolutla block.

CS.06 and A10.CS

Under the farm-in agreement, Kinjal may earn up to an 80-per-cent working interest in each of the CS.06 and A10.CS blocks by financing 90 per cent of the agreed work program of up to four shallow wells in each block. The blocks are located in the Macuspana basin in Tabasco, southern Mexico, near established infrastructure and the Mayakan pipeline system, providing potential access to premium-priced domestic natural-gas markets. The Kinkan discovery, located within the CS.06 block, tested at over 5 MMcf/d from a single zone.

Warren Levy, Kinjal's chief executive officer, commented: "Mexico is seeking to increase domestic energy production, and the Jaguar assets can provide a meaningful platform from which to help meet this objective. Consolidating Tonalli will give Kinjal full ownership and operational control of the Tecolutla block, while the CS.06 and A10.CS farm-ins will provide access to significant natural-gas development and exploration potential near established infrastructure. The Kinkan discovery is particularly important because it demonstrates the potential for additional domestic gas supply in southern Mexico."

Completion of the transactions contemplated by the definitive agreements remains subject to receipt of all regulatory approvals, authorizations, permits and consents required under applicable regulations to enter and perform its obligations under the formal agreement and the related joint operating agreement.

Completion of the transaction is subject to a number of conditions, including but not limited to, the exchange's acceptance and, if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of IFR should be considered highly speculative.

The exchange has in no way opined upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

About Kinjal

Kinjal is a private oil and gas company incorporated under the laws of Ontario and focused on Mexican upstream oil and gas opportunities. Kinjal intends to pursue the proposed Mexican asset transactions described above.

About International Frontier Resources Corp.

International Frontier Resources is a Canadian publicly traded oil and gas company focused on the acquisition and development of energy assets. Through its Mexican subsidiary, Petro Frontera SAPI de C.V., International Frontier has been advancing petroleum and natural gas assets in Mexico.

International Frontier's shares are listed on the exchange under the symbol IFR.

We seek Safe Harbor.