Inca Kola News, live from LatAm

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.

ABOUT FRONTERA COPPER CORPORATION

The Board worked out all by itself that Cdn$0.75 is more than 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 left us hanging. When the Company's financial advisor, RBC Capital Markets, had stopped laughing at us it provided an opinion that the consideration offered pursuant to the Invecture Offer is a total crock but it's all Frontera is going to get.

The miserly but slightly better offer from Invecture represents an 85% drop from the $5 prices of this time last year and a 62.5% drop from the share prices of September 2008. At least PCU got them up 27% from the first offer and saves our face a bit. 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, those Invecture swines have got us by the short and curlies. For one thing, the Board holds less than 1.5% of stock and can't protect itself.

Under the terms of the Invecture Ripoff, Frontera shareholders may tender to the Invecture Offer up to 4:30 PM Pacific time on Tuesday, February 17. We know that they won't, but 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.

ABOUT FRONTERA COPPER CORPORATION