FRONTERA ANNOUNCES THIRD QUARTER 2026 RESULTS

(TSX:FEC, OTCQX:FECCF) Frontera Energy Corporation reported financial and operational results for the third quarter ended September 30, 2026. The company recorded net income from continuing operations of $11.7 million ($0.17 per share) in Q3 2026, compared to a net loss of $4.0 million in the prior quarter and net income of $17.6 million ($0.24 per share) in Q3 2025. Adjusted EBITDA for the quarter was $34.8 million, a 16% increase year over year, compared to $30.5 million in Q2 2026 and $30.1 million in Q3 2025. Total revenues and other income for Q3 2026 were $33.0 million, up from $31.3 million in Q2 2026 and $27.9 million in Q3 2025. Port revenues at Puerto Bahia reached $15.8 million in Q3 2026, compared to $14.6 million in Q2 2026 and $12.1 million in Q3 2025. Share of income from ODL Pipeline Investment was $17.2 million in Q3 2026, up from $16.6 million in the previous quarter. Capital expenditures for Q3 2026 were $19.5 million, with $17.7 million invested in the LNG project and $1.8 million in other Puerto Bahia investments. Last twelve months infrastructure distributable cash flow as of September 30, 2026, was $87.0 million, compared to $78.8 million as of June 30, 2026, and $77.9 million as of September 30, 2025. Cash and cash equivalents at September 30, 2026, were $83.9 million, with total debt and lease liabilities of $191.1 million and net debt of $107.2 million. ODL pipeline volumes transported averaged 242,078 barrels per day in Q3 2026, with an average transportation tariff of $4.90 per barrel. Puerto Bahia handled 49,575 RoRo units and 15,303 tons of break bulk cargo in Q3 2026. The LNG project at Puerto Bahia is 71% complete, with operations expected to begin in February 2027, underpinned by a take-or-pay agreement with Ecopetrol for initial regasification of 126 MMcfd, increasing to 300 MMcfd after two years. The estimated cost of the LNG project is between $80 and $100 million. Puerto Bahia also sanctioned Phase II of the LPG project, with operations targeted to start in 2028. Frontera owns a 35% equity interest in the ODL pipeline and a 99.97% equity interest in Puerto Bahia. The company continues to evaluate additional growth opportunities, including expansion in the dry cargo segment and gas-fired power generation anchored by the LNG project. Gabriel de Alba is Chairman of the Board of Directors, and Orlando Cabrales Segovia is Chief Executive Officer (CEO).

Frontera Energy Provides Notice of Third Quarter 2026 Financial Results Conference Call

(TSX:FEC) Frontera Energy Corporation announced it will release its financial and operational results for the third quarter ended September 30, 2026, after markets close on Wednesday, November 11th, 2026. The company will host a conference call for investors and analysts on Thursday, November 12th, 2026, at 11:00 a.m. Eastern Time. Participants on the call will include Gabriel de Alba, Chairman of the Board of Directors; Orlando Cabrales Segovia, Chief Executive Officer; Andrés Sarmiento Grisales, Chief Financial Officer; and other members of the senior management team. The conference call can be accessed via RapidConnect URL, toll-free numbers for North America (1-888-510-2154), Colombia (+57-601-489-8375), and internationally (1-437-900-0527), using Conference ID 93214. A webcast of the call will be available at https://app.webinar.net/yw75Dp6W18n. A replay of the conference call will be available until 11:59 p.m. Eastern Time on November 19th, 2026, via encore toll-free dial-in number 1-888-660-6345, international dial-in number 1-289-819-1450, and Encore ID 93214. Frontera Energy Corporation is a Canadian public company focused on strategic energy infrastructure assets in Colombia. The company's portfolio includes a 35% ownership interest in Oleoducto de Los Llanos Orientales S.A. (ODL), one of Colombia's principal crude oil transportation pipelines. Frontera also holds a 99.97% ownership of Puerto Bahia, a multimodal maritime terminal serving as a key node in Colombia's energy value chain. Puerto Bahia features established liquids logistics infrastructure and ongoing development of LPG storage and LNG regasification projects. Frontera trades on the Toronto Stock Exchange under the symbol FEC. The company has been named one of the World's Most Ethical Companies® by Ethisphere for six consecutive years.

Frontera Energy Provides Notice of Second Quarter 2026 Financial Results Conference Call

(TSX: FEC) Frontera Energy Corporation announces that the Company will release its financial and operational results for the second quarter ended June 30, 2026, after markets close on Friday, August 14th, 2026. A conference call for investors and analysts will be held on Tuesday, August 14th, 2026, at 9:00 a.m. Eastern Time. Frontera Energy Corporation is a Canadian public company focused on strategic energy infrastructure assets in Colombia. The Company's portfolio is anchored by a 35% ownership interest in Oleoducto de Los Llanos Orientales S.A. (ODL), one of Colombia's principal crude oil transportation pipelines, and 99.97% ownership of Puerto Bahia, a multimodal maritime terminal that serves as a key node in Colombia's energy value chain. Puerto Bahia's established liquids logistics infrastructure is complemented by the ongoing development of LPG storage and LNG regasification projects. Frontera trades on the Toronto Stock Exchange under the symbol FEC and is committed to the highest standards of safety, environmental stewardship, and corporate governance. The Company has been named one of the World's Most Ethical Companies® by Ethisphere for six consecutive years.

FRONTERA OBTAINS FINAL ORDER APPROVING PLAN OF ARRANGEMENT

Frontera Energy Corporation (TSX: FEC) announced it has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement under which Parex Resources Inc. (TSX: PXT), through its wholly-owned subsidiary, will acquire all of Frontera's Colombian upstream business. The arrangement includes Frontera's oil and gas exploration and production assets in Colombia, its reverse osmosis water treatment facility, and its palm oil plantation. Completion of the arrangement remains subject to satisfaction or waiver of remaining conditions precedent, with closing expected in the second quarter of 2026. Frontera has interests in 18 blocks in Colombia and Guyana, and is selling its interest in 17 blocks in Colombia along with Proagrollanos and Agrocascada assets. The company expects the arrangement to be completed in May 2026.