Frontera Announces Annual General and Special Meeting Results

TORONTO, May 20, 2020 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") today held its annual general and special meeting of shareholders (the "Meeting"), where each of the eight nominees proposed as directors and listed in the Company's management proxy circular dated April 7, 2020 were elected as directors. A total of 71,009,508 common shares were voted in respect of the election of directors at the Meeting, representing 74.34% of the votes attaching to all outstanding common shares. The directors achieved an average approval vote of 98.56% from shareholders.

The detailed results of the vote are set out below:

                   Nominee            Outcome of vote   
       
              Voted Voted (%)

           ---

        Gabriel de
         Alba              
     Approved                 
       69,564,227 Voted      99.12%

                                                      
       620,552 Withheld       0.88%

    ---

        Luis
         Fernando
         Alarcon           
     Approved                 
       65,708,118 Voted      93.62%

                                                      
       4,476,661 Withheld     6.38%

    ---

        W. Ellis
         Armstrong         
     Approved                 
       67,580,025 Voted      96.29%

                                                      
       2,604,754 Withheld     3.71%

    ---

        Raymond
         Bromark           
     Approved                 
       70,161,343 Voted      99.97%

                                                      
       23,436 Withheld        0.03%

    ---

        René Burgos
         Díaz              
     Approved                 
       69,883,932 Voted      99.57%

                                                      
       300,847 Withheld       0.43%

    ---

        Orlando
         Cabrales          
     Approved                 
       70,159,508 Voted      99.96%

                                                      
       25,271 Withheld        0.04%

    ---

        Russell
         Ford              
     Approved                 
       70,159,288 Voted      99.96%

                                                      
       25,491 Withheld        0.04%

    ---

        Veronique
         Giry              
     Approved                 
       70,158,846 Voted      99.96%

                                                      
       25,933 Withheld        0.04%

    ---

The amendment and restatement of the Company's articles was approved by a special resolution at the Meeting, in accordance with the articles of the Company. The Amended and Restated Articles are available on the Company's website at www.fronteraenergy.ca and will be filed on SEDAR at www.sedar.com.

For complete voting results on all matters approved at the Meeting, please see the Company's Report of Voting Results dated May 20, 2020 available on SEDAR at www.sedar.com.

About Frontera:

Frontera Energy Corporation is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in South America. The Company has a diversified portfolio of assets with interests in more than 40 exploration and production blocks in Colombia, Peru, Ecuador and Guyana. The Company's strategy is focused on sustainable growth in production and reserves. Frontera is committed to conducting business safely, in a socially and environmentally responsible manner. Frontera's common shares trade on the Toronto Stock Exchange under the ticker symbol "FEC".

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SOURCE Frontera Energy Corporation