Fronteer Development Group Inc.: Drilling Continues to Extend Gold Mineralization at Long Canyon

• Press Release
• Source: Fronteer Development Group Inc.
• On 7:00 am EST, Tuesday November 18, 2008

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 18, 2008 -- Fronteer Development Group Inc. ("Fronteer" or the "Company") (Toronto:FRG.TO - News)(AMEX:FRG - News) is pleased to announce that further step-out drilling has extended high-grade, near-surface, oxide gold mineralization by an additional 100 metres (328 feet) along strike at its 51% owned Long Canyon project in Nevada.

Related Quotes Symbol Price Change FRG 3.93 -0.24 {"s" : "frg,frg.to","k" : "c10,l10,p20,t10","o" : "","j" : ""}

To date, Long Canyon's 2008 work-program has extended mineralization along strike to 1.7 kilometres (1.1 miles) and across multiple zones, with a footprint up to 400 metres (1,300 feet) in width. Mineralization remains open in all directions.

Two 100-metre step-out holes returned:

- 3.12 grams per tonne gold (0.091 ounces per ton) over 24.4 metres (80 feet), including 9.87 g/t (0.288 oz/ton) over 3.0 metres (10 feet), in hole LC149;

- 3.01 grams per tonne gold (0.088 ounces per ton) over 7.6 metres (25 feet), including 5.92 g/t (0.173 oz/ton) over 1.5 metres (5 feet), in LC147.

Other new results continue to further define this growing deposit, demonstrating encouraging consistency and continuity of grade, including:

- 4.81 grams per tonne gold (0.141 oz/ton) over 12.8 metres (42.2 feet), including 8.16 g/t (0.238 oz/ton) over 4.3 metres (14.1 feet), in LC107C;

- 4.95 grams per tonne gold (0.145 oz/ton) over 13.8 metres (45 feet), including 8.52 g/t (0.249 oz/ton) over 6.1 metres (20 feet), in LC141.

For a map highlighting recent drilling, please click: http://www.fronteergroup.com/sites/fronteer_admin/LongCanyonDrillMap0829.pdf

Approximately 21,200 metres (69,700 feet) of drilling from more than 130 holes have been completed at Long Canyon this year. Two reverse circulation rigs and two diamond drill-core rigs are currently turning on site. Results are pending from approximately 70 drilled holes, with an additional 20 holes planned for the season.

The remainder of the 2008 work program is focusing on:

- infill drilling between the northeast extensions and the rest of the drill grid;

- extending mineralization in the Shadow Zone, a new parallel zone of mineralization; and,

- infill drilling selected areas of the southern portion of the deposit.

A project-first NI 43-101 resource estimate is planned by the end of January 2009.

Mineralization at Long Canyon is sediment-hosted and associated with solution breccias and stratabound horizons along a boudinaged limestone-dolomite contact. With drilling consistently intersecting near-surface, high-grade oxide gold mineralization, Long Canyon is developing into a high-quality gold deposit.

Fronteer is majority owner (51%) and manager of Long Canyon through a participating joint venture with AuEx Ventures Inc. ("AuEx") (49%). An initial joint venture project budget of approximately US$3.9 million will see activities through to March 2009.

Long Canyon, Sandman and Northumberland are currently Fronteer's leading properties among its large portfolio of gold projects in Nevada. Long Canyon, located 6.5 km (4 miles) south of the I-80 Freeway corridor in northeastern Nevada, is part of Fronteer's emerging 400,000-acre Eastern Great Basin portfolio. For more information on Long Canyon and Fronteer's other Nevada projects, visit: http://www.fronteergroup.com/?q=content/nevada

 

LONG CANYON DRILL RESULTS

--------------------------------------------------------------------------
                        Inter-
                         cept                                  Inter-
                          Len-           Au   From              cept
           From     To    gth     Au    (oz/  (met-      To   Length    Au
Hole ID   (feet) (feet) (feet)  (ppb)   ton)   res) (metres) (metres) (gpt)
--------------------------------------------------------------------------

--------------------------------------------------------------------------
LC107C      136  178.2   42.2   4812  0.141   41.5     54.3     12.8  4.81
--------------------------------------------------------------------------
including   139  142.2    3.2   5532  0.162   42.4     43.4      1.0  5.53
--------------------------------------------------------------------------
            151  165.1   14.1   8160  0.238   46.0     50.3      4.3  8.16
--------------------------------------------------------------------------
          168.2    171    2.8   9047  0.264   51.3     52.1      0.8  9.05
--------------------------------------------------------------------------
LC111C      131    216     85   2183  0.064   39.9     65.9     25.9  2.18
--------------------------------------------------------------------------
including   186    191      5  11598  0.339   56.7     58.2      1.5 11.60
--------------------------------------------------------------------------
            206  210.7    4.7   7943  0.232   62.8     64.2      1.4  7.94
--------------------------------------------------------------------------
LC114C      132    192     60   1369  0.040   40.2     58.5     18.3  1.37
--------------------------------------------------------------------------
          193.5    217   23.5   6113  0.179   59.0     66.2      7.2  6.11
--------------------------------------------------------------------------
including 193.5    197    3.5   7869  0.230   59.0     60.1      1.1  7.87
--------------------------------------------------------------------------
            201    209      8  12805  0.374   61.3     63.7      2.4 12.81
--------------------------------------------------------------------------
            322    337     15   3646  0.106   98.2    102.7      4.5  3.65
--------------------------------------------------------------------------
including   329  331.2    2.2  18598  0.543  100.3    101.0      0.7 18.60
--------------------------------------------------------------------------
LC121C      156    161      5   1413  0.041   47.6     49.1      1.5  1.41
--------------------------------------------------------------------------
LC141       440    485     45   4953  0.145  134.1    147.9     13.8  4.95
--------------------------------------------------------------------------
including   455    475     20   8520  0.249  138.7    144.8      6.1  8.52
--------------------------------------------------------------------------
LC147       370    395     25   3011  0.088  112.8    120.4      7.6  3.01
--------------------------------------------------------------------------
including   380    385      5   5918  0.173  115.9    117.4      1.5  5.92
--------------------------------------------------------------------------
LC149       365    445     80   3119  0.091  111.3    135.7     24.4  3.12
--------------------------------------------------------------------------
including   370    380     10   9867  0.288  112.8    115.9      3.0  9.87
--------------------------------------------------------------------------
            470    500     30   1642  0.048  143.3    152.4      9.1  1.64
--------------------------------------------------------------------------

True widths of the mineralized intervals are interpreted to be between
70-100% of the reported lengths. Results less than 1 g/t not highlighted
in this table. Holes LC144-45 and LC150-152 had no reportable intercepts.

For a PDF of comprehensive drill results, please click: http://www.fronteergroup.com/sites/fronteer_admin/LongCanyonDrillResults0829.pdf

Robert Felder, M.Sc. and Certified Professional Geologist, as recognized by the American Institute of Professional Geologists, is designated as a Qualified Person for these Long Canyon drill results, with the ability and authority to verify the authenticity of, and validity of, this data. Drill composites were calculated using a cutoff of 0.30 g/t. Drill intersections are reported as drilled thicknesses. Reverse circulation cuttings were sampled on 5.0 feet (1.52 metre) intervals and core was sampled at geologically selected intervals. All drill samples were assayed by American Assay Laboratories (ISO9002:2002) in Sparks, Nevada, for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 10.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. QA/QC included the insertion of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 72-element geochemical suite by ICP-MS.

LIQUIDITY

Fronteer is not invested in any short-term commercial paper or asset-backed securities. Fronteer has no debt and holds approximately C$84 million in cash that is fully liquid and held with a large Canadian commercial bank.

ABOUT FRONTEER

Fronteer is an exploration and development company with a track record of making big discoveries. Fronteer has an extensive portfolio of advanced stage gold projects in Nevada, a 40% interest in three gold and copper-gold projects in western Turkey, and a 42.2% interest in Aurora Energy Resources (Toronto:AXU.TO - News), a leading Canadian uranium company. For further information on Fronteer visit www.fronteergroup.com.

Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, potential size of mineralized zone, timing of resource calculation and size of exploration program involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Fronteer to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to international operations and joint ventures, the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of ore reserves and mineral resources, changes in project parameters as plans continue to be refined, future prices of gold and silver, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation and permitting requirements as well as those factors discussed in the section entitled "Risk Factors" in Fronteer's Annual Information form and Fronteer's latest Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Fronteer has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Fronteer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

NEWS RELEASE 08-29

     Contacts:
     Fronteer Development Group Inc.
     Mark O'Dea, Ph.D, P.Geo
     President and CEO
     (604) 632-4677 or Toll Free: 1-877-632-4677
      
     Fronteer Development Group Inc.
     Richard Moritz
     Director, Investor Relations
     (604) 632-4677 or Toll Free: 1-877-632-4677
      
     Fronteer Development Group Inc.
     Glen Edwards
     Director, Communications
     (604) 632-4677 or Toll Free: 1-877-632-4677
     Email: info@fronteergroup.com
     Website: http://www.fronteergroup.com