An anonymous director reports

FRONTERA ENERGY CORPORATION ANNOUNCES NEW $120 MILLION PREPAYMENT AND COMMERCIAL AGREEMENT WITH CHEVRON

Frontera Energy Corp.'s Colombian subsidiary has entered into a $120-million prepayment and commercial agreement with Chevron Products Company.

Under the prepayment and commercial agreement, the company will receive an initial advance of $80-million and commit to deliver a portion of its crude oil production for a period of two years to Chevron. The company may request an additional $40-million advance for up to six months on a fully committed basis. Under the agreement, the prepayment amounts will be subject to a financial discount calculated at the secured overnight financing rate (SOFR) plus 4.25 per cent per annum. Repayment of the prepayment amounts will commence following a six-month grace period. Net proceeds from the agreement will be used to manage working capital flows and enhance the company's liquidity position. The agreement will replace an existing prepayment agreement which expires at the end of January, 2026.

About Frontera Energy Corp.

Frontera Energy is a Canadian public company involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including strategic investments in both upstream and mid-stream facilities. The company has a diversified portfolio of assets which consists of interests in 20 exploration and production blocks in Colombia and Guyana, and in pipeline and port facilities in Colombia. Frontera's common shares are listed for trading in the Toronto Stock Exchange under the ticker symbol FEC. The company is committed to conducting business safely and in a socially and environmentally responsible manner.

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