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

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Jun 09, 2004

International Frontier Announces NWT Land Sale Results



CALGARY, AB, June 9, 2004 - International Frontier Resources ("IFR" TSX-V) today announced that the Minister for the Department of Indian and Northern Affairs Canada awarded Exploration License No. 423 ("EL-423") to Northrock Resources Ltd. (32.5000% operator), Husky Oil Operations Limited (29.4775%), EOG Resources Canada Inc. (26.3975%), Pacific Rodera Energy Inc. (6.6250%) and International Frontier Resources Corporation (5.000%). EL-423 was granted to the consortium for a work program bid of $24,800,000. The license covers an area of 226,550 acres and encompasses TDL Freehold lease M-39 (11,718 acres) in which IFR holds a 10.875% interest.

The annual Call for Bids in the Central Mackenzie Valley covered five parcels of which four Exploration Licenses were awarded for aggregate work commitments of $63,000,000. IFR (100%) was unsuccessful in a bid on CMV-3, now EL-424, as this License was awarded to a higher bidder. EL-424 (201,520 acres) surrounds the Company's TDL Freehold parcels M-32 (10,682 acres) and M-33 (10,682 acres) in which IFR holds a 10.875% interest.

The Company also announced today it has closed on a previously announced (April 1, 2004) private placement of $975,000, 9.5% Convertible Redeemable Debentures. The Debentures have a term of four years, pay interest at a rate of 9.5% and are convertible into common shares at $0.60 per share in year 1, $0.65 per share in year 2, $0.70 per share in year three and $0.75 per share in year four. The Debentures and any shares acquired on conversion are subject to restriction on re-sale until October 4, 2004.

For additional information visit www.interenationalfrontier.com or contact:

PAT BOSWELL
President
403 215-2780

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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