Frontera Resources Corporation announced that, effective July 11, 2017, Steve C. Nicandros, a founder of the company and Frontera's CEO since 1997 and Chairman/CEO since 2002, will step down and continue in the role of non-executive Chairman of the Board of Directors. The company's Board has elected Zaza Mamulaishvili, Frontera's President and Chief Financial Officer, to succeed Mr. Nicandros as Chief Executive Officer and President. Mr. Mamulaishvili is also a founder of the Company and a member of its board of directors.

Additionally, Mr. Giorgi Kalandarishvili, Frontera's current Vice President, Finance and Administration, will become interim Chief Financial Officer.