International Frontier Resources Corporation: Year End Results

International Frontier Resources Corporation (TSX VENTURE:IFR) ("the Company")
today released financial and operating results for the year ending December 31,
2011. In the period the Company recorded a net loss of $673,340 ($0.01 per
share) versus a net loss of $4,597,135 ($0.08 per share) in the period ending
December 31, 2010. The net loss in 2011 is comprised of depletion and
depreciation in the amount of $201,050, an impairment charge of $307,155 with
respect to exploration and evaluation assets in the Northwest Territories,
Canada and stock based compensation charges of $97,190.


For the period ending December 31, 2011 oil revenue, net of royalties, was
$770,850 versus $474,515 in the 2010. Capital expenditures on exploration and
evaluation assets in Canada were $60,505 and in the United States expenditures
were $3,193,140. The Company accrued $961,065 to purchase oil & gas freehold
mineral titles in NW Montana in its December 31, 2011 financial statements. In
the reporting period cash and cash equivalents were $4,037,930 and the Company
had positive working capital of $3,065,520. 


The Company's audited financial statements, related management discussion and
analysis and the annual NI 51-101 for the year ending December 31, 2011 have
been filed on Sedar, copies will be posted on the Company's website
www.internationalfrontier.com 


This news release includes forward-looking statements for which the Company
seeks Safe Harbor.