International Frontier Resources Corporation


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News Releases

Oct 31, 2007

IFR Increases Stake in Central Mackenzie Valley, NWT

International Frontier Resources Corporation ("IFR" TSX-V) today reported that the Company has acquired additional working interests in the Summit - Keele area located in the Central Mackenzie Valley, NWT. The interests were acquired by way of exercising the Company's Right of First Refusal triggered by a sale and purchase agreement entered into between two parties to the Joint Operating Agreement.

The Company has increased its working interest in the following lands;
  • EL-397 - increased from 5% to 8.2112%. The acquisition includes the Summit Creek B-44 discovery well and K-44 well bore.

  • EL-423 - increased from 5% to 8.2112%. In addition the Company has agreed to increase its interest from 8.2112% to 15% in the Haywood B-20 and Cloverleaf L-52 exploration wells that are scheduled to commence drilling in January 2008.

  • EL-441 - increased from 7.5% to 13.42%.

  • TDL Freehold Parcels M-32, M-33, M-34, M-35 and M-39 - increased from 16.1111% to 42.0359%, IFR operates the subject lands. TDL parcel M-39 is located in EL-423 and is located within close proximity to next winter's drilling program.
The acquisition provides additional reserves in the Summit Creek B-44 discovery area and also increases the Company's working interests in approximately 1,100,000 gross acres in this newly discovered hydrocarbon province.

For additional information on the Company visit www.internationalfrontier.com or contact;

Pat Boswell
403 215-2781

- or -

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 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.

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