International Frontier Resources Corporation

I

Corporate Overview ~ December 2009

INTERNATIONAL FRONTIER RESOURCES CORPORATION

Listing: TSX-V ~ IFR

Shares outstanding 59.5M (F/D – 63.8M).

Cash $4.9 million ($900k restricted cash securing NWT refundable deposits).

Assets:

Three Significant Discovery Licenses in the Central Mackenzie Valley, NWT (“CMV”).

Three Exploration Licenses in CMV with identified oil & gas prospects.

Proprietary CMV seismic data base ($42M gross).

Two North Sea Licenses ~ Bowmore & Maria with large 3D seismic coverage.

Alberta production 35 BOPD ~ IFR 100% W.I. ~ $250 - $300k net revenue.

Share Price Drivers:

Successful second well on Bowmore U.K. License P1465.

Approval of the Mackenzie Valley gas pipeline.

Appraisal of existing CMV discoveries.

Acquisition of new CMV prospects.

Objectives and Strategy

ObjectivesExposure shareholders to significant resources in the CMV and UKCS.

Participate in second well on Bowmore U.K. License ~ drill F1/2 2010.

Acquire new oily CMV prospects.

Reduce drilling costs in the CMV via new technologies.

StrategyParticipate or farm-out second well on Bowmore.

Sell Maria UK License P233 (block 15/18a).

Investigate new drilling technologies for Arctic drilling.

Mature oil + liquids rich gas prospects in CMV to drill ready.

Seek JV partners to participate in new license acquisitions in the CMV.

Limit capex on gas prospects in the CMV until approval of the Mackenzie

Valley gas pipeline.

Norman WellsProject Area

Liard Cameron Hills

Mackenzie Delta

Central Mackenzie Valley is under-explored with significant

oil and gas potential

Colville Hills

Canada’s Last Frontier

Central Mackenzie Valley

Historical Summary

Drilled nine wells, two discoveries, one sign posting well and fourD&A wells, 25% success rate on exploratory wildcat drilling.

New petroleum province discovered south of Norman Wells oilfield (265 MBO)

Summit Creek capex ~ drilling $142 million ~ seismic $22 million (IFR $23M).

Colville Hills capex ~ $21 million (IFR $5.3 million).

Existing Contingent Resources ~ net @ 6:1 BOE.

High Case - 5.6 MBE Best Case - 1.2 MBE Low Case - .341 MBE

(McDaniel report July 08)

Central Mackenzie Valley

Discoveries ~ NWT

Production tested 10,000 BOE/d

DST – 5 MMCF/D

L-71 is a look alike to D-57well needs to be tested

Next Generation ~ Arctic Drilling

Nabors heli-supported drilling operationsSkyhook joint venture with Boeing

Mackenzie Valley Gas Pipeline

Summit Project

Colville Hills Project

Mackenzie Valley Gas PipelineDiscoveries in the Delta and Central Mackenzie Valley sufficient to justify pipeline.Mackenzie Delta anchor fields total 6.1 TCF (1).Mackenzie Delta prospective undiscovered resource estimate 15 TCF (OGIP) (2).Central Mackenzie Valley undiscovered resource estimate 5.7 TCF (OGIP) (2).Proposed pipeline capacity – 1.2 ~ 1.9 bcf/day.Joint Review Panel report in Q1, 2010 (report covers socio-economic & environment).National Energy Board hearings Q2-Q3, 2010 following which project is approvedor not approved ~ assume decision in Q4, 2010.

Is the Pipeline required?~ In October 2009 Imperial Oil (operator) of the proposed pipeline stated that in their view

the pipeline is needed to fulfill North America’s future gas demand which is forecasted togrow by 40%.

~ All sources, conventional, CBM and shale gas are required to meet future demand andenvironmental agenda’s in Canada & USA.

~ Important to the Canadian Government for northern sovereignty, provides northerninfrastructure, jobs, royalty income and a secure natural gas supply.

Note 1) National Energy Board filing.Note 2) Gilbert Laustsen Jung Associated Mackenzie Gas Project supply study filed with the National Energy Board.

North Sea ~ UKCS

License P1465 ~ Bowmore

Blocks 15/23c,15/24a,15/28a,15/29e

ConsortiumNippon Oil 45% (operator)

Wintershall 20%

XTO Energy 10%

Static Energy 15%

Britcana (IFR) 10%

Status

Acquired 610 sq. kms of 3D seismic, reprocessed 385 sq.kms 3D seismic.

Alpha 15/24a-9 Jurassic well drilled in Q3,2009.

Second well scheduled in 2010.

License P1465 ~ Bowmore

License P233 ~ Maria

Why Invest in IFR….

A “good - play” on Arctic energy development.

Existing discoveries not valued in share price.

Good prospect inventory in the CMV and North Sea.

Significant exposure to “high impact” prospects.

Proven track record in forming joint ventures with major oil companies.

Low overheads, net burn rate <$400,000/annum.

Exit strategy ~ sell discoveries after appraisal drilling.

The date of this presentation is December, 2009. The information contained herein will be updated as new developments occur.

“Prospective Resources” or “Contingent Prospective Resources” are those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations. If discovered, they would be technically and economically viable to recover. There is no certainty that these prospective resources will be recovered on the Company’s lands in the NWT or North Sea. As the majority of the Company’s prospects are exploratory wildcat wells the chance of success ranges from 10% to 40%. Contingent resource estimates included in this presentation are as defined in the McDaniel & Associates report dated July 1, 2008.

This presentation includes forward looking statements that may change from time to time. The Company does not operate any of its licenses in the Northwest Territories or North Sea therefore timing of future operations and capital expenditures are dependant on the operators schedules.

The Company seeks safe harbor.