PetroFrontier Corp. Announces Proposed Funding Update

Calgary, Alberta –   PetroFrontier Corp. (TSXV: PFC) (“PetroFrontier” or the “Company“) announces the following:

Previously Announced Proposed Funding

PetroFrontier advises that the parties involved in the proposed funding transaction announced on October 10, 2019 (the “Proposed Funding“) have formally terminated their discussions pertaining to completing the Proposed Funding. Subject to the approval of TSX Venture Exchange, the Company expects trading in the common shares of PetroFrontier to resume shortly.

About PetroFrontier Corp.

PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta.

PetroFrontier’s head office is in Calgary, Alberta and its common shares are listed for trading on the Exchange under the symbol “PFC”.