International Frontier Resources Corporation: Second Quarter Results

International Frontier Resources Corporation: Second Quarter Results 
CALGARY, ALBERTA -- (Marketwired) -- 08/26/14 --   International
Frontier Resources Corporation ("IFR" or the "Company") (TSX VENTURE:
IFR) today reported its financial results for the period ended June
30, 2014. 
The Company recorded a consolidated net loss of $175,325 ($0.003 per
share) compared to a consolidated net loss of $38,335 ($0.001 per
share) for the period ended June 30, 2013. Included in the June 30,
2014 net loss are mainly the result of non-cash charges for stock
based compensation costs of $93,755 recorded in Q2, 2014 as a result
of the issuance of stock options in the period and work-over costs
incurred in the Alderson oil property. In the second quarter oil
revenue, net of royalties, was $237,215 compared to $189,595 in Q2,
2013. For the six-month period ended June 30, 2014 oil revenue, net
of royalties, was $474,155 versus $356,515 at June 30, 2013. At June
30, 2014 cash and cash equivalents were $2,697,640 and working
capital was positive $2,561,830. The financial statements and
accompanying Management Discussion and Analysis can be found on SEDAR
and on the Company's website. 
About IFR: 
The Company has an interest in 174,610 net acres located in the
Tulita - Sahtu region of the central Mackenzie Valley, NWT where
ConocoPhillips Canada and Husky Oil are conducting exploration
programs in an emerging resource play that is evaluating the
production potential of the Canol and Hare- Indian shale. 
In northwest Montana IFR owns mineral titles covering 15,200 net fee
acres. The fee acreage is located on the south end of a tight-oil
play currently being developed in southwest Alberta by DeeThree
Exploration Ltd. in the Ferguson area, LGX Oil and Gas Inc. on the
Blood Reserve and Torc Oil and Gas Ltd. in the Monarch area. 
The Company's shares are listed on the TSX Venture Exchange trading
under the symbol "IFR"; for additional information please visit
www.internationalfrontier.com. 
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility or accuracy of this release". The
Company seeks Safe Harbor. 
Contacts:
International Frontier Resources Corporation
Steve Hanson
President
shanson@internationalfrontier.com 
International Frontier Resources Corporation
Pat Boswell
CEO
frontierres@shaw.ca
www.internationalfrontier.com
 
 
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