Frontline Announces Closing of Second Tranche of Private Placement

HALIFAX, NOVA SCOTIA--(Marketwire - Feb. 10, 2011) -

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(figures in Canadian dollars)

Frontline Gold Corporation (TSX VENTURE:FGC) (the "Company") is pleased to announce the closing of the second tranche of its previously disclosed private placement (the "Offering") of units ("Units") at a price of $0.14 per Unit and flow-through common shares ("Flow-Through Shares") at a price of $0.17 per Flow-Through Share, which first tranche was completed on December 23, 2010, for aggregate gross proceeds of $3,743,112. A total of 1,900,000 Units and a total of 3,259,176 Flow-Through Shares were sold on a non-brokered basis under the second tranche of the Offering for aggregate gross proceeds of $820,059.92.

Each Unit is comprised of one common share and one-half of one common share purchase warrant (the "Warrants"). Each whole Warrant entitles the holder thereof to acquire one common share of the Company until December 23, 2013. Each Warrant is exercisable at a price of $0.18 per common share until December 23, 2012 and at a price of $0.20 per common share until December 23, 2013.

In connection with the second tranche of the Offering, the Company paid finder's fees of $65,604.80 and issued an aggregate of 412,733 non-transferable finder's warrants exercisable until December 23, 2012 at an exercise price of $0.14 per common share.

All securities issued in connection with the Offering will be subject to a hold period expiring on June 10, 2011.

The net proceeds from the offering of Units will be used for exploration at the Company's Niaouleni property in Mali, working capital and general corporate purposes. The gross proceeds from the offering of Flow-Through Shares will be used to incur certain types of Canadian Exploration Expense ("CEE") which will qualify as "flow-through mining expenditures" as defined in the Income Tax Act (Canada) and the Company will renounce, for the 2011 taxation year, such CEE in favour of original purchasers of the Flow-Through Shares in an amount equal to the issue price for each Flow-Through Share.

The closing of the offering is subject to the final approval of the TSX Venture Exchange.

About Frontline Gold Corporation

With its Niaouleni Gold Project in West Mali, expanding land position at Efemçukuru in Turkey, the Poly and Stewart gold properties in British Columbia, and the Red Lake gold prospects in Ontario, Frontline is re-positioning itself as a pure-gold exploration company. Frontline has an experienced management group, a solid exploration team and a promising portfolio of gold exploration projects offering investors exposure to a promising suite of gold exploration properties. Please visit our website at www.frontlinegold.com for the most recent presentation.

Cautionary Statement Regarding Forward-Looking Information:

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about use of proceeds of the Offering. Forward-looking information is based on the opinions and estimates of management that, which considered reasonable, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry, the risk of commodity price and foreign exchange rate fluctuations, the ability of the Corporation to fund the capital and operating expenses necessary to achieve the business objectives of the Corporation, as well as those risks described in public disclosure documents filed by the Corporation. Due to the risks, uncertainties and assumptions inherent in forward-looking information, prospective investors in securities of the Corporation should not place undue reliance on such forward-looking information. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.