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International Frontier Resources Closes Over Subscribed Private Placement

International Frontier Resources Corporation ("IFR" or the "Company") (TSX VENTURE:IFR)(OTCQB:IFRTF) reported today that it has closed its previously announced private placement (see news release dated January 31, 2017) ("Financing") to raise aggregate gross proceeds of CAD$5,059,085 effective March 3, 2017, which consisted of the sale of 18,068,160 common shares at a price of CAD$0.28 per common share.

The brokered portion of the private placement led by PI Financial Corp. consisted of 8,

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