Frontier to Present at Dahlman Rose Rare Earth Executive Forum

TORONTO, ONTARIO--(Marketwire - May 4, 2011) - Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) ("Frontier" or the "Company") is pleased to announce that James Kenny, Chief Executive Officer, will be presenting at the Dahlman Rose Rare Earth Executive Forum on May 4 2011 in the offices of Dahlman Rose in New York City.

A copy of the presentation which includes details on the current status of development of Frontier's Zandkopsdrift rare earth deposit is now available to download on Frontier's corporate website at www.frontierrareearths.com.

About Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT)

Frontier Rare Earths Limited is a mineral exploration and development exclusively focused on the development of rare earths projects in Southern Africa. Frontier's flagship asset is the Zandkopsdrift rare earth project (95% economic interest held), which is located in the Northern Cape Province of South Africa and is one of the largest undeveloped rare earth deposits worldwide. The Zandkopsdrift B Zone has the highest TREO⁽¹⁾ grade and the highest grade of high value HREO's⁽²⁾ of significant advanced deposits⁽³⁾ outside Chinaafter Molycorp's Mountain Pass and Lynas'Mount Weld projects. Zandkopsdrift's favourable location is expected to provide significant advantages in relation to capital costs, operating costs and development time compared to other rare earth projects currently being evaluated, and leaves Frontier well positioned to become one of the early significant new producers of rare earths outside China. Frontier filed a NI 43-101 report on Zandkopsdrift in October 2010, which included a resource estimate of circa 43m tonnes containing 950,000 tonnes TREO applying a 1% cut-off, of which 56% is in the Indicated Resource category.

Frontier is well funded with approximately $52m cash and no debt and this strong working capital position will finance the proposed work programme of the Company and the expected completion of a Preliminary Economic Assessment, Preliminary Feasibility Study and Definitive Feasibility Study on Zandkopsdrift by the end of 2012. Frontier listed on the main board of the Toronto Stock Exchange in November 2010 and currently has 89,562,781 shares outstanding.

Notes

(1) TREO = total rare earth oxides and includes the elements lanthanum to lutetium expressed as trivalent oxides

(2) HREO = heavy rare earth oxides; high value HREOs are Europium, Terbium and Dysprosium

(3) Significant advanced deposits are those with >200,000 tonnes TREO under SAMREC, JORC, CIM or equivalent international codes