Frontline Gold Corporation Announces Closing of Private Placement

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TORONTO, ONTARIO -- (Marketwired - Sept. 30, 2013) - Frontline Gold Corp. (TSX VENTURE:FGC) ("Frontline" or the "Company") announces the closing of a non-brokered private placement (the "Offering") for aggregate gross proceeds of $37,500, by the issuance of 1,875,000 units (the "Units") at a price of $0.02 per Unit. Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one full non-transferable Common Share purchase warrant ("Warrant"). Each Warrant shall entitle the holder to acquire one full Common Share at a price of $0.07 at any time within 12 (twelve) months from issuance, and thereafter, at a price of $0.10 until the expiry of two years from issuance, subject to the accelerated expiry provisions described below.

The Offering was closed pursuant to TSX Venture Exchange Bulletin which provided for temporary relief from certain pricing requirements, and the Company confirms that disinterested directors of Frontline have approved this Offering. The securities issued upon the closing of the Offering will be subject to a four month hold period from the date of issue, including any other re-sale restrictions imposed by applicable securities regulatory authorities.

If, commencing four months after the closing of the Offering, the common shares of Frontline trade at or above $0.19 on the TSX Venture Exchange for a minimum of 20 consecutive trading days, then Frontline shall have the right to give notice of early expiry of the Warrants. Early expiry shall accelerate and be automatically amended to be the 30th day after the date on which Frontline gives notice to the Warrant holder of such acceleration.

The proceeds from the Offering will be used for property option payments, exploration expenditures and general and administrative costs.


About Frontline Gold Corporation

Frontline is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. The Company's flagship properties include the Menderes gold project in the Izmir province of Western Turkey and the Niaouleni gold project in southern Mali in the heart of West Africa's prolific gold belt. Ongoing Canadian exploration includes the Poly (gold VMS) and the Stewart (gold-copper porphyry) projects.

For further information, please visit the Company's website at www.frontlinegold.com to view the most recent corporate presentation.


This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.


Walter Henry, President & CEO
FRONTLINE GOLD CORP.



Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

Frontline Gold Corp.
Walter Henry, President & CEO
(416) 362-9100
(416) 362-9300 (FAX)
info@frontlinegold.com
www.frontlinegold.com