FML.L Regulatory News (FML)

7 March 2011

Frontier Mining Ltd

("Frontier" or the "Company")

Frontier Mining establishes project team for Bankable Feasibility Study (BFS) at Benkala copper project

Frontier Mining Ltd (AIM: FML), the AIM listed gold and copper exploration and development company focused on Kazakhstan, announces that it has assembled a project team of highly experienced consultants to complete a BFS of the Company's Benkala project.

The team members are all widely experienced in the completing of major projects in CIS and worldwide, from scoping level through to full bankable feasibility studies, and at the same time are conversant with the requirements of both the London and North American stock exchanges as well as Kazakhstan's country specific legislation and regulations. The team includes staff members of four engineering firms with an outstanding track record in providing services to the global mining industry.

The scope of the BFS will be fully encompassing including all Geological reviews, Resources, Mining Reserves and Production Forecasts, Mining Operations, Metallurgical Processing, Environmental Assessments, full Capital and Operating Costs, and with compete Financial analysis. The fully detailed scope is available on the company website www.frontiermining.com.

As major project parameters have already been agreed, and most of the engineering and procurement has been sourced or completed, it is expected that the Bankable Feasibility Study will be finalised within the next 60-70 days.

The team Project Manager will be David Chilcott, Associate with Wardell Armstrong International (WAI), who will coordinate all issues with the Client. He will be in charge of providing detailed terms of reference for all members of the team, and in addition, will be responsible for the timely completion of the draft and final documents.

Short biographies of each of the team members are given below:

Phil Newall, BSc (ARSM), PhD (ACSM), CEng, FIMMM, Director, WAI, Peer Review

Phil is a Mining Geologist with over 25 years experience of providing consultancy services to minerals companies throughout the world, with particular specialisation in CIS, Europe, Central and West Africa and China. He has developed an extensive portfolio of exploration and mining-related contracts, from project management through to technical audits of a large variety of metalliferous and industrial mineral deposits. He began his career as an exploration geologist with the Robertson Group, working extensively on gold and base metal projects in North Africa before moving on to pursue a PhD in exploration geochemistry. This was followed by a period as lecturer at Camborne School of Mines, whilst also working as a consulting geologist. From there, he moved on to his present position as Director with Wardell Armstrong International (formerly CSMA Consultants Limited). Phil has recently been involved with the Aricom MER as well as other iron ore projects in Kazakhstan.

Jim Calder BE, FIE Aust, AusIMM RPEQ ( Mech) and Director of Calder Projects Services (CPS) has 30 years experience delivering successful metallurgical process plant projects on six continents. This experience covers greenfield and brownfield developments in underdeveloped, developing and developed countries. Metals include Iron, Steel, Aluminium, Zinc, Lead, Copper, Gold, Silver, Nickel, Magnesium and Titaniferous minerals. Jim has been involved in all phases of mine and process plant development from exploration drilling, concept study, prefeasibility, feasibility, detailed design and construction, commissioning and operations. CPS is currently assisting in the development of the Benkala Copper SXEW project in Kazakhstan and the Mt Carlton Gold, Silver, Copper flotation concentrator in Queensland Australia as well as consulting on several smaller studies at various development stages. Many of the projects have been ground breaking, involving innovative solutions to ensure commercial success. Jim is the founder of Calder Projects Services and has built up small, experienced, capable engineering group which is not afraid to take on challenging projects which require innovative thinking.

Graeme Miller, BEng, CLCM, AIMM, CPMet, MAICA, MSAIMM, MACPS, RPEQ (Chemical), Manager, Miller Metalurgical Services, Metallurgy and Process Design

Graeme's areas of expertise include Coal preparation plant design; hydrometallurgy, copper leaching; solvent extraction and electrowinning; heavy media plant design; gold processing; water balance; engineering management and feasibility studies.

He has more than thirty years experience as a design process engineer for various consulting and contracting companies. Major plants designed and commissioned include a 70 tpd copper SX-EW plant, a 40 tpd copper SX-EW plant, a 10 tpd copper SX-EW plant, a 2,000 tph coal preparation plant and an 800 tph diamond concentrating plant overseas.

Mr. Miller is well known in the industry for understanding the interactions between mineralogy, leaching and the resultant solution chemistry. He has been responsible for the development of new designs for solvent extraction settlers to improve their performance. He has also been responsible for the development and design of systems to reduce entrainment in solvent extraction plants. His ideas have been included in over twenty solvent extraction operations around the world.

Graeme has authored 60 technical papers on hydrometallurgy, coal preparation, copper leaching, SX & EW, and mineral processing developments. His designs for the Girilambone Copper SX & EW plant won an Engineering Excellence Award in 1994. The design of the Loaded Organic Coalescer and in-settler coalescing medium won the inaugural Egis Innovations prize in 2000.

The development of the in-settler coalescing medium was short listed for the Eureka prize in 1998. The development of the loaded organic coalescing system was shortlisted for the AusIMM Operating technique award in 2000/2001.

David Chilcott, ACSM, CEng, FIMMM, Associate, WAI, Project Manager

David is a senior Mining Engineer with operating, planning, management and consulting experience gained on three continents over a period of more than forty years. This comprises more than thirty years operating experience in the underground and open pit mining of copper with some time spent in uranium and gold, including ten years in mine management, of which five years were as General Manager of a large copper mine/mill/smelter/refinery complex (Mufulira in Zambia). Since 1996 he has spent more than ten years as an Associate Consulting Mining Engineer with WAI, undertaking and overseeing feasibility studies and the implementation of underground open pit mining projects in Zambia, Uganda, Macedonia, Morocco, Portugal, and Central Asia (Kazakhstan, Uzbekistan, Kyrgystan and western Siberia).

Lauren Islip, BSc (Hons), MSc (MCSM), FGS, Resource Geologist, WAI, Mineral Resource Estimation

Lauren is a Geologist with five years operational experience in underground mining projects and has recently joined the WAI mineral resource department. After gaining an MSc in Mining Geology she worked in a high grade underground gold mine in Australia and was involved in production reporting, database administration and underground drill program management. She subsequently worked at an advanced stage gold exploration project in Canada where her duties included surface drilling project management and the interpretation of historical mining data. More recently Lauren was employed as a geologist with a coal-bed methane exploration company in the UK.

Owen Mihalop, BSc (Hons), MSc, MCSM, CEng, MIMMM, Technical Director, WAI, Mining, Infrastructure and Financial Analysis

Owen is a chartered mining engineer with 14 years broad experience in the mining and quarrying industries. He has gained experience in grass-roots exploration through to large scale open-pit and underground mining projects across Ireland, Bulgaria, Spain and Canada. He has worked as an operations manager in industrial mineral mining and quarrying operations in the UK and has gained considerable project management experience through these roles. Recently Owen has worked on two major Russian commissions with Aricom and Fleming Family.

Daniil Lunev, DipEng (SPMI), PhD (SPMI), Mining Engineer WAI, Mining and Infrastructure

Daniil is a Russian national whose specialist area is mining machinery. His skills include optimisation of schemes of underground and land mining equipment; calculations of mining transport systems and estimation of efficiency and reliability of mining machinery. He is particularly experienced in belt conveyor system development, modernisation of construction and resolving conveyor application problems. He has 5 patents related to belt conveyor innovation. His has recently been involved in the Bapy Fe Ore Project in Kazakhstan, which involved the review of a feasibility study, advising on mining operation and scheduling, and the Feasibility Study of the Akbakai gold project in the same country.

Kim-Marie Clothier, BSc (Hons) MRes AIEEM, MIEMA, Grad IMMM, ACMI; Senior Environmental Scientist, Environment, Social and Health & Safety

Kim-Marie is a Senior Environmental Scientist, mainly dealing with Environmental and Social Impact Assessments on mining projects overseas. She has worked with the company for over 5 years on projects located in Uzbekistan, Macedonia, Kyrgyzstan, Portugal, DRC, Sierra Leone, Greenland, Russia and Kazakhstan, providing environmental and social impact assessments of mining projects as part of feasibility studies and CPR or due diligence processes. She has contributed to projects for improving environmental performance and implementing Environmental Management Systems and plans as well as ESIAs. She also regularly undertakes environmental audits for UK mineral sites and has extensive experience in the assessment and remediation of contaminated land. She has a strong interest in sustainable treatment options for Brownfield sites.

Igor Bondarenko, BE, Phd;Director of Batys Engineering LLP

Mr. Bondarenko has 30 years experience in mining and metallurgical sector. The experience covers development of brownfield projects in the Kazakhstan mining sector as well as involvement in infrastructure, residential and industrial design. Metals include: manganese, chrome, aluminum, zinc, lead and copper. Batys Engineering is currently involved in providing various project design services to KazChrome (a subsidiary of ENRC), as well as providing design services for KazCopper. Batys Engineering's subsidiary company - "Aktobe Technopark" is included on the official suppliers' list of Kazakhmys PLC.

For further details please contact:

Notes to Editors

About Frontier Mining Ltd:

Frontier Mining Ltd. is a mineral exploration and development Company that is incorporated in the Cayman Islands for the purpose of exploring and developing gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties.

Frontier currently owns two licenses in Kazakhstan. They are the Naimanjal exploration and mining licence, held by FML Kazakhstan, and, 50% of U.S. Megatech BVI which holds the Benkala licence, via KazCopper LLP. FML Kazakhstan is a wholly-owned subsidiary of Frontier Mining Ltd.

Frontier has one producing gold mine, Koskuduk; and a 50% interest in the Benkala copper mine, currently under development with initial production planned in 2011. The remaining 50% of Benkala is owned by Coville Intercorp Ltd. ("Coville"), a private Kazakh mining group with whom the Company has previously announced a proposed merger which is conditional on the granting of certain government consents and approvals.

A Competent Persons Report ("CPR") valuation report on the oxide section of the Benkala project completed by Wardell Armstrong International ("WAI") in June 2010 has resulted in an NPV of $190 million based on 0.5% diluted copper grade, 63% recovery and 185 000 ton of contained metal and 6,000 USD per tonne copper price. The oxide copper project represents development of approximately 10% of the total resource at Benkala and Frontier will use the production platform of the SX-EW project to finance further evaluation and technical studies required to advance development of the significant Benkala sulphide resource.

Frontier also has a potential copper porphyry deposit with associated gold and molybdenum, Baitimir; and several copper/gold prospects along a 25-km trend including both VMS and porphyry types. Metallurgical tests on its Beschoku and Yubileiny copper projects confirm the oxide copper ore is amenable to extraction using low cost SX-EW technology.

Frontier maintains an administrative and technical office in Almaty, the former capital city of Kazakhstan and the main business centre in the southeast. The Company also maintains offices in Semipalatinsk and Aktyubinsk, close to the Naimanjal and Benkala operations respectively.

Issued Share Capital

Frontier Mining's shares are traded on the AIM market of the London Stock Exchange.

Frontier has 1,860,913,973 ordinary shares issued.

For further information please visit: www.frontiermining.com.