NEWS RELEASE
FRONTLINE GOLD CORP.
Frontline Gold Stewart CAMP Property Payments
Walter Henry, President and CEO of Frontline Gold Corporation ("Frontline")(TSX Venture: FGC) announces that, subject to TSX Venture approval, Frontline will make $40,000 of property payments by way of a shares-for-debt settlement.
Payments of $20,000 each due on the Stewart Property and Poly Properties will be settled by the issuance of 228,572 common shares from treasury based on the closing price on March 31, 2011 of $0.175 per share. The shares will be issued to Ralph R. Weekes (91,428 shares), John L. Tranter (68,572 shares) and James R. Cameron (68,572 shares). The debt settlement is subject to TSX Venture approval.
Frontline holds options on two land packages, the Stewart Property (76 mineral claims aggregating approximately 29,280 hectares or 292 square kilometres) and the Poly Property (12 mineral tenures aggregating approximately 3,281hectares) in the Stewart Gold Camp region. The Stewart Gold Camp in north western British Columbia is an emerging, world class mining district that offers discovery opportunities for major gold-copper and precious metal polymetallic deposits.
Frontline is a gold-focused exploration company with an experienced management group, a solid exploration team and a 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.
On Behalf of the Board
Walter Henry
President & CEO
Frontline Gold Corporation
1550 Bedford Highway
Suite 802, Sun Tower
Bedford, NS B4A 1E6
Tel.: (902) 832-5555 Fax: (902) 832-2223
info@frontlinegold.com
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This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Frontline Gold Corp.
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EXPLORATION STAGE |
CODE : FGC.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Frontline Gold is a gold exploration company based in Canada. Frontline Gold holds various exploration projects in Mali and in Turkey. Its main exploration properties are JUBILEE in Canada, NIAOULENI in Mali and MENDERES in Turkey. |