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 January 21, 2016 - 9:02 AM EST
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IFR: Warrant Extension

CALGARY, ALBERTA--(Marketwired - Jan. 21, 2016) - International Frontier Resources Corporation ("IFR" or the "Company") (TSX VENTURE:IFR) on January 21, 2016, reported today that it had made an application to the TSX Venture Exchange for approval to extend the expiry date of a total of 6,800,000 non-transferable share purchase warrants. A total of 4,000,000 warrants have a current expiry date of November 12, 2016 and 2,800,000 warrants have a current expiry date of October 29, 2016. All warrants are exercisable at a price of $0.10. The Company is applying to extend the term of the warrants to December 2, 2017, which is in line with the private placement warrant period previously announced on December 2, 2015. The Company is not applying for a re-pricing of the warrants. The warrant extension is subject to the approval of the TSX Venture Exchange.

About IFR

International Frontier Resources is a publicly traded company with interests in oil and gas resource projects in Canada and the United States. IFR through its Mexican subsidiary, Petro Frontera S.A.P.I de CV (Frontera) and strategic joint ventures, is advancing the development of petroleum and natural gas assets in Mexico.

The Company's shares are listed on the TSX-V trading under the symbol IFR. For additional information please visit

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility or accuracy of this release". The Company seeks Safe Harbor.

International Frontier Resources
Steve Hanson
(604) 671-6982

International Frontier Resources
Tony Kinnon
VP Corporate Development
(403) 215-2781

Source: Marketwired (January 21, 2016 - 9:02 AM EST)

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