TSX-V: IFR | OTCQB: IFRTF
International Frontier Resources Corporation

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Sep 29, 2004

International Frontier Announces $3.1 Million Bought Deal Financing



CALGARY, AB, September 29, 2004 International Frontier Resources Corporation (TSX-V:IFR) today announced that it will issue 2,300,000 units at $1.35 per unit under the terms of a "bought deal" financing arranged by Canaccord Capital Corporation acting as Lead Underwriter. A unit consists of one common flow through share and one-half warrant; one full warrant entitles the holder to purchase one additional common share at $1.75 on or before June 30th, 2005. The Company has granted an over-allotment option for the sale of up to an additional 230,000 units on the same terms. A commission of 7.5% will be payable by the issuance of non flow through units consisting of one common share and one-half warrant having the same terms and conditions as the units comprised in the offering. In accordance with applicable securities rules there will be a four-month hold period from closing attached to the shares issued as part of the units and any shares acquired on exercise of the warrants. The unit offering is subject to TSX Venture Exchange approval.

Proceeds from the offering will be used to incur Canadian Exploration Expenditures ("CEE") on the Company's exploration program in the Central Mackenzie Valley, Northwest Territories.



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




PAT BOSWELL
President
403 215-2781

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.
 
 

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