News Releases

CALGARY, AB, December 31, 2003 - International Frontier Resources (TSX-V:IFR) today announced that it will issue 166,666 common flow-through shares at a price of $0.60 per share under a non brokered private placement. The private placement is subject to TSX Venture Exchange approval, pursuant to TSX policies there will be a 4 month hold period on shares issued. Proceeds from the private placement will be used to incur Canadian Exploration Expenditures ("CEE") on the company's Northwest Territories exploration program.

International Frontier Resources Corporation is a junior oil & gas company listed on the TSX Venture Exchange trading under the symbol IFR. The company has an interest in over 1 million acres in the Northwest Territories and holds the Canadian rights for SIDOX, a patented oil production enhancement technology.

For additional information visit www.frontier-resources.com or contact:

PAT BOSWELL
President
403 215-2780

MARK POWELL
VP Exploration
403 215-2783

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This news release is not for distribution to US news wire services or for dissemination in the United States and does not constitute an offer of the securities described herein.