International Frontier Resources Corporation


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News Releases

May 24, 2005

Colville Hills, NWT Licenses Awarded

International Frontier Resources Corporation ("IFR" TSX-V) reports that Indian and Northern Affairs Canada have awarded two Exploration Licenses in the Colville Hills area, Northwest Territories to IFR (25%) and BG Canada Exploration and Production, Inc. (75%) a wholly owned subsidiary of BG Group plc ("BG.L LSE & "BRG.N" NYSE).

The Exploration Licenses awarded cover EL-429 for a work commitment bid of $12,500,000 and EL-432 for a work commitment bid of $4,000,000. The licenses encompass 210,500 acres and 162,680 acres respectively. BG will operate both licenses.

For additional information visit www.internationalfrontier.com; for additional information on BG Group plc visit www.bg-group.com.

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 intended 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. The Company seeks safe harbor.

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