Mar 22, 2004
Drilling Completed on NWT Exploration Well
CALGARY, AB, March 22, 2004 - International Frontier Resources (TSX-V:IFR) The Company reported today that the Summit Creek B-44 exploratory wildcat well on the Wilma prospect located in the Central Mackenzie Valley, Northwest Territories has been drilled to total depth of 3035 meters, logged and drill stem tested. Currently casing is being run to total depth, upon completion of this operation the drilling rig will be released and transported south to Alberta on the winter road.
The Company also reported today that TSX approval was received on March 10, 2004 for a private placement of 60,000 shares at $0.60 per share, the shares will be subject to a four month hold period. The private placement was purchased by Exploration Geosciences Ltd., the Company's geo-technical advisors in the Northwest Territories.
The Company has advised the Berlin-Bremen Stock Exchange to de-list its shares prior to March 30, 2004.
For additional information visit the Company's website at www.internationalfrontier.com or contact:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. The Berlin-Bremen Stock Exchange has not reviewed and does not accept responsibility for 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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