Frontera Resources Corporation - in Official Liquidation (the "Company")

NOTICE TO SHAREHOLDERS

September 26, 2025 - UPDATE ON LIQUIDATION OF THE COMPANY

This notice is to provide shareholders with an update on the liquidation. 

As set out in the update to shareholders dated March 7, 2025 (“March Update”), the Liquidators had intended to file an application with the Grand Court of the Cayman Islands (the “Court”) seeking an order for the dissolution of the Company (“Dissolution Application”).

Following the March Update, a third party expressed interest in acquiring the judgment and arbitration award previously obtained by the Company against a former executive. The Liquidators engaged in discussions to assess the viability of a sale; however, no agreement was reached. As a result, the Liquidators consider the Company’s affairs to be fully wound up, and it remains the case that there will be no return to creditors or shareholders, nor will there be any payments towards the costs of the liquidation. Accordingly, on September 25, 2025, the Liquidators filed the Dissolution Application.

As the liquidation is unfunded, any further steps by the Liquidators will be limited to those necessary to effect the dissolution of the Company.

Once made, the dissolution order will be published on this website.