Fronteer Gold Inc.
TSX : FRG
AMEX : FRG

Fronteer Gold Inc.

October 18, 2007 14:06 ET

Fronteer's Aurora Continues to Expand Zones at Michelin Uranium Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) - Fronteer Development Group Inc. ("Fronteer") (TSX:FRG)(AMEX:FRG) is pleased to report that Aurora Energy Resources Inc. ("Aurora" or "the Company") (TSX:AXU), in which Fronteer holds a 46.8% interest, has announced the results of further drilling on the Company's 100% owned Michelin Uranium Deposit in Labrador.

The results are part of the larger 2007 drilling program on Aurora's assets in the Central Mineral Belt.

Aurora recently received assays for four holes testing the deep extension of the Michelin Main Zone. Two holes in particular, M07-069 and M07-045A, located 100 metres and 150 metres down-plunge from the known resource respectively, returned encouraging results. Highlights include:

- Drill hole M07-069 which intersected 0.25% U3O8 over 9.5 metres including 0.31% U3O8 over 7.5 metres

- Drill hole M07-045A which intersected 0.13% U3O8 over 5.6 metres

Two diamond drill rigs are continuing to test the down-plunge extension of the Main Zone on 100-metre centres to a vertical depth of 1,000 metres and will do so until the end of the season.

New assays were also returned for an additional eight holes on the Eastern Shoot, located 250 metres east of the Main Zone within the same mineralized horizon. The zone continues to demonstrate consistent grade and width with depth and appears to be displaying a similar geometry to the Main Zone. Highlights include:

- Drill hole M07-072 which intersected 0.24% U3O8 over 10.1 metres

- Drill hole M07-060A which intersected 0.16% U3O8 over 6.8 metres

- Drill hole M07-065 which intersected 0.16% U3O8 over 6.5 metres

- Drill hole M07-066 which intersected 0.15% U3O8 over 8.9 metres

One diamond drill rig is currently focusing on delineating the Eastern Shoot over a strike length of 200 metres and to a vertical depth of 600 metres. The zone remains open at depth.

"We are very encouraged by the continuity of the Eastern Shoot and also the persistently high-grade nature of the Main Zone at depth," said Ian Cunningham-Dunlop, Vice President - Exploration, Aurora Energy. "Our efforts for the remainder of the year will focus on continuing to expand both these zones".

An updated vertical longitudinal section of the Michelin Deposit will be posted on the Aurora website (www.aurora-energy.ca) shortly.

The orientation of the mineralized zones at Michelin is interpreted to be steeply south dipping and stated widths are approximately 80-90% of true widths.



Summary of Recent Michelin Drill Hole Results

------------------------------------------------------------
Hole ID From (m) To (m) Length (m) % U3O8
------------------------------------------------------------
Main Zone
------------------------------------------------------------
M07-045A 761.09 766.70 5.61 0.13
------------------------------------------------------------
M07-061 NSV
------------------------------------------------------------
M07-069 757.90 767.40 9.50 0.25
------------------------------------------------------------
Incl 758.90 766.40 7.50 0.31
------------------------------------------------------------
Incl. 758.90 759.40 0.50 1.80
------------------------------------------------------------
M07-070 NSV
------------------------------------------------------------
Eastern Shoot
------------------------------------------------------------
M07-060A 501.00 507.80 6.80 0.16
------------------------------------------------------------
Incl 504.00 506.00 2.00 0.24
------------------------------------------------------------
M07-065 374.18 376.72 2.54 0.11
------------------------------------------------------------
Incl 374.18 375.12 0.94 0.20
------------------------------------------------------------
And 452.90 459.43 6.53 0.16
------------------------------------------------------------
Incl 453.77 455.47 1.70 0.30
------------------------------------------------------------
M07-066 476.31 485.22 8.91 0.15
------------------------------------------------------------
Incl 479.31 485.22 5.91 0.20
------------------------------------------------------------
M07-067 Pending
------------------------------------------------------------
M07-068A NSV
------------------------------------------------------------
M07-071 Abandoned
------------------------------------------------------------
M07-072 423.80 428.80 5.00 0.07
------------------------------------------------------------
And 547.40 557.50 10.10 0.24
------------------------------------------------------------
Incl 554.50 557.50 3.00 0.39
------------------------------------------------------------
M07-073 283.00 284.00 1.00 0.13
------------------------------------------------------------
And 326.00 329.00 3.00 0.07
------------------------------------------------------------
And 455.00 457.00 2.00 0.09
------------------------------------------------------------
M07-074 495.07 499.30 4.23 0.08
------------------------------------------------------------
Incl 498.71 499.30 0.59 0.16
------------------------------------------------------------
And 511.80 512.80 1.00 0.09
------------------------------------------------------------
Shallow Confirmation Drilling
------------------------------------------------------------
M07-062 31.01 36.70 5.69 0.08
------------------------------------------------------------
And 43.84 50.20 6.36 0.20
------------------------------------------------------------
Incl 46.28 49.18 2.90 0.32
------------------------------------------------------------
And 88.83 92.34 3.51 0.20
------------------------------------------------------------
M07-063 25.76 40.90 15.14 0.10
------------------------------------------------------------
Incl 31.29 34.89 1.44 0.25
------------------------------------------------------------
And 50.69 52.76 2.07 0.11
------------------------------------------------------------
And 61.01 63.57 2.56 0.10
------------------------------------------------------------
M07-064 20.98 28.96 7.98 0.11
------------------------------------------------------------
Incl 24.04 28.96 4.92 0.14
------------------------------------------------------------
And 45.26 54.40 9.14 0.10
------------------------------------------------------------
Incl 48.68 51.18 2.50 0.20
------------------------------------------------------------


LIQUIDITY

Fronteer is not invested in any short term commercial paper or asset-backed securities. The Company has approximately C$100 million in cash that is fully liquid and held with a large commercial bank.

ABOUT FRONTEER

Fronteer is an exploration and development company with a track record of making big discoveries. Fronteer has a 40% interest in three world-class gold and copper-gold projects in Turkey, an extensive portfolio of advanced stage gold projects in Nevada, and a 46.8% interest in Aurora Energy Resources (TSX:AXU), a leading Canadian uranium company.

Assay results have been prepared under the guidance of Mr. Ian Cunningham-Dunlop P. Eng, Exploration Vice- President for Aurora Energy Resources Inc., who is designated as a Qualified Person with the ability and authority to verify the authenticity of and validity of this data. Drill core was prepared and analyzed in accordance with industry standards by Activation Laboratories Ltd, Ancaster, Ontario. The Independent Qualified Person responsible for the current resource estimates for the Michelin and Jacques Lake Uranium Deposits is Gary Giroux, P. Eng. Of Giroux Consultants Ltd. and a Technical Report prepared to NI43-101 requirements is available for viewing on SEDAR at www.sedar.com.

Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, future plans for resource estimation and exploration involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Fronteer to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of ore reserves and mineral resources, changes in project parameters as plans continue to be refined, future prices of gold and copper, economic and political stability in Turkey, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation as well as those factors discussed in the section entitled "Risk Factors" in Fronteer's Annual Information form and Fronteer's latest Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Fronteer has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Fronteer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • Fronteer Development Group Inc.
    Mark O'Dea
    President and CEO
    (604) 632-4677 or Toll Free: 1-877-632-4677
    or
    Fronteer Development Group Inc.
    Glen Edwards
    Media Relations
    (604) 632-4677 or Toll Free: 1-877-632-4677
    Website: www.fronteergroup.com