PetroFrontier Corp.

PetroFrontier Corp., Calgary, (Toronto Venture: PFC) has retained Macquarie Capital Markets Canada Ltd. to seek a suitable joint venture partner or other buyer to participate in development of its acreage in Australia's Southern Georgina Basin.

PetroFrontier has 13.6 million acres with an 85.5% working interest within four exploration permits. The company’s primary strategy is to be to the initial user of unconventional drilling and completion technologies to access hydrocarbons in the oil rich Arthur Creek Hot shale.

PetroFrontier's future arrangement with such party may include a joint venture, farm-out or other similar relationship.

Although PetroFrontier has not set a definitive deadline, it anticipates completing this search by late March 2012 so that it can coordinate such third party participation with its current exploration program. PetroFrontier does not intend to disclose developments with respect to the search process until its board has approved a definitive agreement with a joint-venture partner, or otherwise determines that disclosure is required.