Frontier Pacific Mining Corporation

Frontier Pacific Mining Corporation

June 12, 2008 15:02 ET

Frontier Pacific Urges Shareholders to Exercise Management Proxies, Receives Support from Leading Independent Proxy Advisory Firm

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2008) - Frontier Pacific Mining Corporation ("Frontier Pacific" or the "Company") (TSX VENTURE:FRP) reminds shareholders of the upcoming meeting to approve and confirm the Company's Shareholder Rights Plan ("Rights Plan").

The purpose of the Rights Plan is to provide the Board of Directors and Frontier Pacific shareholders with sufficient time to properly consider any take-over bid made for Frontier Pacific and to allow enough time for competing bids and alternative proposals to develop. The Rights Plan also seeks to ensure that all Frontier Pacific shareholders are treated fairly in any transaction involving a change in control of Frontier Pacific and have an equal opportunity to participate in the benefits of a take-over bid.

Glass Lewis & Co., a leading provider of proxy voting, advisory, and corporate governance services to the institutional marketplace, has recommended that Frontier Pacific shareholders vote FOR approval and confirmation of the Rights Plan in its report with respect to the upcoming meeting.

On June 10, 2008, Eldorado Gold Corporation ("Eldorado") distributed a blue proxy to Frontier Pacific shareholders. DO NOT VOTE THE BLUE ELDORADO PROXY. By voting this blue proxy, shareholders may deprive themselves of the benefits and protections of the Rights Plan and limit the Board of Directors' ability to negotiate a fair transaction that accurately reflects the true value of the Company. VOTE ONLY THE FRONTIER PACIFIC MANAGEMENT PROXY.

As time is of the essence, we recommend that shareholders take advantage of the internet and telephone voting methods. If you have not received a FRONTIER PACIFIC MANAGEMENT PROXY, please contact your broker immediately so that you may instruct your broker to vote on your behalf before the proxy cut-off time of 10:00 am, Pacific Time, on Tuesday, June 17, 2008.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents herein.

Contact Information

  • Thomas Weisel Partners
    John Jentz
    (416) 815-1549
    (416) 815-1808 (FAX)
    Thomas Weisel Partners
    70 York St., 10th Floor
    Toronto, ON M5J 1S9
    100 University Avenue
    11th Floor, South Tower
    Toronto, Ontario M5J 2Y1
    North American Toll Free: 1-866-374-9879