PetroFrontier Corp (PFC)

[eom7]

Outlook
As at March 31, 2013, the Corporation had a working capital surplus of $11,326,337 with no debt. The
net exploration and evaluation asset expenditures incurred during the three months ended March 31, 2013
totaled $35,129 relating primarily to long lead item expenditures and planning costs associated with the
Corporation’s upcoming 2013 capital expenditure program in the Southern Georgina Basin.
During the first quarter of 2013, the Corporation’s senior management and Board of Directors have been
actively evaluating a number of opportunities arising from its formal strategic review process, as
announced in early January 2013. Due to the confidential nature of this process, PetroFrontier will not
disclose developments with respect to this process until a definitive agreement has been reached, as
determined or required by law. Those parties interested have signed confidentiality agreements, reviewed
the electronic data room and have been provided with detailed technical presentations by the
Corporation’s senior management team.
The Corporation’s Annual General Meeting, originally scheduled for Wednesday December 12, 2012,
was postponed and is expected to be held once the strategic alternative process is finalized.