Frontera Copper Reduces Hedging Program

TORONTO, Jan 22 (MARKET WIRE) --
Frontera Copper Corporation (TSX: FCC) (TSX: FCC.NT) (TSX: FCC.NT.A)
today reported that it had reduced its outstanding hedge position by
approximately
30%.

During December 2007 and January 2008, the Company repurchased 2.8 million
and
10.2 million pounds, respectively, of its outstanding forward copper sales
positions. The approximate $2 million cost associated with these repurchases
will be deferred and recorded in income based on the original maturities of the
positions.

Frontera originally entered into the limited hedging program to help
ensurethat it would generate sufficient revenues from its copper cathode sales
during
the two-year period March 2007 through February 2009 to cover certain known
financial obligations. The financial obligations included the repayment of
the outstanding Notes Payable and deferred and sustaining capital expenditures.
Since the time that the hedging program was initiated through December 31, 2007,
Frontera has funded approximately $21 million of capital expenditures and
has repurchased approximately C$8.9 million of the Notes Payable.

Alan Edwards, President and Chief Executive Officer, said, "In light of
theimproved copper forward market curve and the current lower production levels
resulting from shortages of sulphuric acid, we believe that reducing our hedge
position at this time is prudent and in the Company's best interest."

As at January 21, 2008, the Company had the following copper forward sales
contracts outstanding with a major financial institution:

Pounds Sold Average Sales
Year Forward (000's) Price per Pound
2008 21,494 $2.65
2009 6,118 2.52
Total 27,612 $2.62

The remaining copper forward sales contracts represent about 3% of the
recoverable copper contained in the remaining 17-year project life. The
Company has no plans to further reduce its hedge book at this time.

About Frontera Copper

Frontera Copper is a Canadian mining, development and exploration company
whose
principal activity is the production of copper cathode from the Piedras
Verdes run-of-mine heap-leach copper operation in Sonora, Mexico. Based on the
January 1, 2008 ore reserves and the estimated recoverable copper contained on
the
leach pads at December 31, 2007, approximately 1 billion pounds of copper
is projected to be produced over the remaining 17-year life of the operation.
Existing resources and prospective exploration targets adjacent to the main
open-pit
have the potential to extend the life of the operation.

Information in this news release that is not current or historical factual
information may constitute forward-looking information or statements
withinthe meaning of applicable securities laws. Implicit in this information,
particularly
in respect of statements as to future operating results and economic
performance of the Company, and resources and reserves at the Piedras Verdes
operations, are assumptions regarding projected revenue and expense, copper
prices and mining costs. These assumptions, although considered reasonable by
the
Company at the time of preparation, may prove to be incorrect. Readers are
cautioned that actual results are subject to a number of risks and
uncertainties, including risks relating to general economic conditions and
mining
operations, and could differ materially from what is currently expected. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

For further information, please see Frontera Copper's website at
www.fronteracopper.com or contact:

Dave Peat
Vice President and Chief Financial Officer
Tel.: 602 424-5484
Email: Email Contact

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