Frontera Energy Corporation — Proxy Solicitation & Information Statement 2026

Apr 2, 2026

FRONTERA ENERGY

NOTICE IS HEREBY GIVEN that the annual general meeting (the "Meeting") of holders ("Shareholders") of common shares ("Common Shares") of FRONTERA ENERGY CORPORATION (the "Corporation" or "Frontera") will be held on Thursday, April 30, 2026 at 11:00 a.m. (Eastern Time). The Meeting will be conducted in a virtual-only format via live audio webcast at https://meetnow.global/MVFSHQX, which will allow an equal opportunity for Shareholders to participate at the Meeting regardless of their geographic location or particular circumstances. Shareholders will not be able to attend the Meeting in person.

Registered shareholders (that is, a Shareholder who holds Common Shares directly in his, her or its own name and is entered on the register of Shareholders) ("Registered Shareholders") and duly appointed proxyholders can participate, vote, or submit questions during the Meeting's live audio webcast provided they comply with the requirements set out in the accompanying management information circular (the "Circular"). Non-registered shareholders (that is, a Shareholder who holds Common Shares through an intermediary such as a bank, trust company, securities dealer or broker) ("Non-Registered Shareholders") who have not duly appointed themselves as proxyholder will be able to attend the Meeting as guests. Guests will not be able to vote or ask questions at the Meeting.

The purpose of the Meeting is:

1. TO RECEIVE and consider the audited consolidated financial statements of the Corporation for the fiscal year ended December 31, 2025, together with the report of the auditor thereon;
2. TO SET the number of directors of the Corporation for the ensuing year at six (6) members;
3. TO ELECT six (6) directors to hold office until the close of the next annual meeting of Shareholders;
4. TO RE-APPOINT Ernst & Young LLP as auditor of the Corporation for the ensuing year and to authorize the directors of the Corporation to fix their remuneration; and
5. TO TRANSACT such further and other business as may properly come before the Meeting or any adjournments or postponements thereof.

The accompanying Circular provides information relating to the matters to be addressed at the Meeting and is incorporated into this notice of Meeting. Shareholders are reminded to review the Circular before voting. The procedures by which Shareholders may exercise their right to vote with respect to the matters at the Meeting will vary depending on whether a Shareholder is a Registered Shareholder or a Non-Registered Shareholder.

Shareholders are encouraged to vote in advance of the Meeting by completing the form of proxy ("Proxy Form") or voting instruction form ("VIF") provided to them. Registered Shareholders may attend the virtual Meeting or may be represented by proxy.

Detailed instructions on how to complete and return the Proxy Form are provided on pages 4-5 of the Circular. To be effective, the Proxy Form must be deposited with the Corporation's registrar and transfer agent, Computershare Trust Company of Canada Proxy Department, 320 Bay Street, 14th Floor, Toronto, Ontario, M5H 4A6, or through the internet at www.investorvote.com, on or before 11:00 a.m. (Eastern Time) on Tuesday, April 28, 2026, or if the Meeting is adjourned or postponed, not less than 48 hours (excluding Saturdays, Sundays and statutory holidays) before the commencement of such adjourned or postponed Meeting.

Non-Registered Shareholders must seek instructions on how to complete their VIF and vote on their Common Shares from their broker, trustee, financial institution or other nominee, as applicable.

Shareholders of record at the close of business on March 30, 2026, are entitled to receive notice of, and vote at, the Meeting.

If you are a Registered Shareholder and have any questions relating to the Meeting, please contact Computershare Investor Services Inc. by telephone at 1-800-564-6253 (toll free within North America) or 1-514-982-7555 (outside of North America) or by email at service@computershare.com. If you are a Non-Registered Shareholder and have any

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questions relating to the Meeting or how to vote your Common Shares, please contact the intermediary through which you hold your Common Shares or the Corporation at generalcounsel@fronteraenergy.ca.

By order of the Board of Directors

DATED at Calgary, Alberta, this 30th day of March, 2026.

(signed) "Orlando Cabrales Segovia"

Orlando Cabrales Segovia
Chief Executive Officer