International Frontier Resources Corporation: North Sea Corporate Sale

CALGARY, ALBERTA–(Marketwire – Feb. 23, 2010) – International Frontier Resources Corporation (“IFR” or the “Company”) (TSX VENTURE:IFR) reported today that the Company has entered into a Letter of Intent to sell 100% of the issued share capital of its wholly owned U.K. subsidiary, Britcana Energy Ltd, to a U.K. based international oil and gas company (“Purchaser”). The price for the shares will be five million US Dollars ($5,000,000) to be satisfied at the times and subject to satisfaction of the following conditions.

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