PetroFrontier Corp. provides corporate update

CALGARY, March 3, 2016 /CNW/ - (TSX-V: PFC) – PetroFrontier Corp. ("PetroFrontier" or the "Corporation") is pleased to announce that Mr. Paul Cheung has joined PetroFrontier's board of directors, subject to regulatory approval. Mr. Cheung is a geologist with an undergraduate in Geology from the University of Calgary and a Master of Science degree in Geology from Oklahoma State University. Mr. Cheung has been an independent businessman since January 2001. He has founded multiple drilling and oilfield services companies since 1997, including Alliance Drilling and Oilfield Services Ltd., Partner Drilling Ltd., Advance Drilling Ltd. and Independent Well Servicing Ltd. Additionally, Mr. Cheung has been involved with Grand Bow Petroleum Ltd. and Alliance Energy Ltd., both private oil and gas exploration companies.

Annual and Special Meeting of Shareholders

PetroFrontier's Annual and Special Meeting of shareholders will be held Tuesday, April 26, 2016, at 1600, 333 - 7th Avenue SW, Calgary Alberta, T2P 2Z1, at 11:00 a.m. (Calgary time).

About PetroFrontier Corp.

PetroFrontier currently has in excess of $9 million in cash and no debt and has focused its attention on identifying and evaluating a range of options, which could include a recapitalization of PetroFrontier, a merger or other business combination of PetroFrontier with another entity or the sale of PetroFrontier as a whole.

PetroFrontier's head office is in Calgary, Alberta and its common shares are listed for trading on the TSX Venture Exchange under the symbol "PFC". 

SOURCE PetroFrontier Corp.

Earl Scott, President and CEO or Shane Kozak, Vice President Finance and CFO, PetroFrontier Corp., Suite 520, 1011 1st Street SW, Calgary, Alberta, Canada T2R 1J2, Telephone: [phone], Fax: [phone], Email: [email protected], Website: www.petrofrontier.com