Frontier Mining Ltd (FML) – Interim Results and Operational Update

Frontier Mining Ltd (FML) – Interim Results and Operational Update

Interim Results for the six months to 30 June 2008 and Operational Update

Frontier Mining Ltd (FML), the mining exploration and development company with gold and copper properties in Kazakhstan, announces its unaudited interim results for the six months ended 30 June 2008.

o Income of US$376,523 from sale of 402 ounces of gold and 3,300 ounces of silver
o Extension of exploration period at Koskuduk, Baritovy, Beschoku, and Yubileiny
o Approval of Naimanjal 2008/9 exploration work program
o Appointment of a technical and financial advisory team to fast track the development of Benkala towards pre-feasibility

Post-Period End:
o Total year-to-date income of US$787,074 from sale of 780 ounces of gold and 8,319 ounces of silver
o Application for further exploration and pilot production at Koskuduk, Beschoku, Yubeleiny & Baitemir commenced
o Licence transfer of the rights and obligations for the Benkala project to KazCopper LLP
o Metallurgical test work indicates viability of heap leaching methods and SX-EW processing for the oxidized part of Benkala deposit
o Three drill rigs mobilized to Benkala

Brian Savage, Chairman & CEO of Frontier, commented:

”Naimanjal has proved to be a more challenging project than anticipated as we referred to in the annual report. However, as the issues identified are not technical in nature, we are progressing the regulatory approvals for continued exploration and commercial production. We continue to strengthen our operating and exploration capabilities across our Naimanjal license commercial discovery areas. We remain convinced that Benkala is a company-transforming asset that will drive Frontier’s valuation in the future. Recent metallurgical test work has been encouraging and, having mobilized three drill rigs to Benkala, drilling will commence shortly. We are delighted to have Coville as our joint venture partner in Benkala, given their extensive mining experience in Kazakhstan. We have a number of additional prospective assets in our portfolio, which are expected to contribute to the valuation of the Company longer term.”

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