FRONTERA ANNOUNCES FOURTH QUARTER 2025, YEAR-END 2025 RESULTS AND RESERVES

Special Meeting of Shareholders to Approve Colombian E&P Divestiture to Parex on April 30, 2026 Recorded Fourth-Quarter Net Loss from Continuing Operations of $663 Million, Including Non‑Cash Impairment Related to the Divestment of the Colombian E&P Assets Portfolio ($603 million) and the Guyana Interest ($17 Million) Strong Business Performance, Achieved All 2025 Guidance Metrics, Including FY 2025 Average Production of 39,011 boed, Operating EBITDA of $308 Million, Production of $9.23/boe, Energy of $5.49/boe and Transportation Costs of $12.00/boe Year-End Gross Reserves: 94.4 Million Boe 1P and 133.8 Million Boe 2P Definitive Agreement Signed to Divest the Company's Colombian E&P Assets Portfolio for a Firm Value of Approximately $750 Million with Parex, Including $525 Million in Equity Consideration Targeting $470 Million in Shareholder Distributions from the Sale, (Approximately CAD $9.18 per share), Including the $25 Million Contingent Payment Frontera Emerges as a New Infrastructure-Focused Business Anchored by its Interest in ODL and Puerto Bahía, and with Significant Growth Opportunities Including the Potential LNG Regasification Project with Ecopetrol Full Year Adjusted Infrastructure EBITDA of $116.6 million, Distributable Cash Flow of $76.7 million and Segment Income of $40.9 million, Led by Strong Performance of the ODL Pipeline CALGARY, AB, March 18, 2026 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) (OTCQX: FECCF) ("Frontera" or the "Company") today reported financial and operational results for the fourth quarter and year ended December 31, 2025, and the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton Corp ("D&M"). Figures from previous reporting periods were changed due to the re-presentation of continuing operations following the divestment of non-core assets in Ecuador.