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Message: Directors Unanimously Recommends That Shareholders Accept Unsolicited Cash Offer

Directors Unanimously Recommends That Shareholders Accept Unsolicited Cash Offer

posted on Feb 15, 2009 01:31PM
February 15, 2009
Frontera Copper Board of Directors Unanimously Recommends That Shareholders Accept Unsolicited Cash Offer of Cdn$0.75 From Invecture Group
TORONTO and PHOENIX, AZ--(Marketwire - February 15, 2009) - Frontera Copper Corporation (TSX: FCC) (TSX: FCC.NT) (TSX: FCC.NT.A) ("Frontera" or the "Company") today
announced that its Board of Directors has unanimously recommended that
shareholders tender their shares to the offer made by Invecture Group, S.A.
de C.V. ("Invecture") to purchase all of the outstanding common shares of
Frontera at a cash price of Cdn$0.75 per share ("Invecture Offer").

The Board determined that the Invecture Offer is superior to the Cdn$0.65
per share offer previously received from Southern Copper Corporation
("SCC"). Under the terms of the support agreement executed between SCC and
Frontera, SCC had the right to match a superior offer, but did not exercise
its right within the stipulated five calendar-day period. The Company's
financial advisor, RBC Capital Markets, has provided an opinion that the
consideration offered pursuant to the Invecture Offer is fair, from a
financial point of view, to Frontera shareholders.

The enhanced offer from Invecture represents a 15% increase from the offer
received from SCC and a 27% improvement in price compared to the original
offer received from Invecture in early December. Completion of the process
of identifying and engaging other potential acquirers has resulted in the
unanimous determination by the Board that under present economic
conditions, acceptance of the Invecture Offer is in the best interests of
all shareholders of the Company.

Under the terms of the Invecture Offer, Frontera shareholders may tender to
the Invecture Offer up to 4:30 PM Pacific time on Tuesday, February 17.
Shareholders are encouraged to review the document titled "NOTICE OF
VARIATION AND EXTENSION" filed by Invecture on February 6 and posted on
SEDAR for more information.


Frontera Copper is a Canadian mining, development and exploration company
whose principal activity is the production of copper cathode from the
Piedras Verdes run-of-mine heap-leach copper operation in Sonora, Mexico.
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