FRGY Frontier Energy Corp (CE)

Frontier Energy Corporation ("Frontier" or the "Company") (Pink Sheets: FRGY) announced completion of its lease acquisition on its Black Forest prospect, located in Crook County, Wyoming. The company owns an undivided 25% working interest in this property with the option to increase its working interest to 75%, based upon completion of the terms of the previously stated joint venture agreement. The target in this well-defined structural prospect is a reservoir in the Cambrian formation at approximately 4,000 ft., which is believed to contain major oil reserves. Drilling sites in surrounding areas of the Black Forest property have exhibited encouraging gas and oil shows in the samples from comparable Cambrian zones. The calculated possible reserves are approximately 13.9 Million barrels per section and a total reserve projection of approximately 100 million barrels of oil, based upon production of surrounding properties. In conjunction with the company's joint venture partner, Frontier is expecting to commence drilling on the Black Forest property in the 2nd Qtr of 2008. Frontier will be looking to announce, in the near future, additional leases from existing and developing oil reserves in other areas to solidify near- and long-term cash flow for the company. Frontier Energy CEO Bob Genesi comments, �We are completing and implementing our business plan at a quicker pace than expected. We look forward to announcing these exciting developments of what the Frontier team has accomplished and is accomplishing, in the very near term." About Frontier Energy Corp. Frontier is newly recapitalized exploratory oil and gas business headquartered in Las Vegas, Nevada. The goal of Frontier Energy is to build a solid portfolio of assets through the acquisition of leases and explore and develop the opportunities on the individual leases. Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations thereunder. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the oil and gas industry, competitive pricing pressures, completion of possible acquisitions, success at integrating and operating any acquired operations and the availability of necessary financing. These statements speak only as of above date, and Frontier Energy Corp. disclaims any intent or obligation to update them.