Company Information for Frontier Mining Ltd

AIM-FML

www.frontiermining.com

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AIM; FML

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Company Statement

Frontier Mining is a mineral exploration and development company that was incorporated in the state of Delaware, USA, on 5 August 1998 for the purpose of exploring and developing gold and copper deposits in the Republic of Kazakhstan and other countries of the Commonwealth of Independent States. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties.

Frontier Mining has two licenses, over a total area of around 700 sq.km., owned by its wholly owned subsidiaries in Kazakhstan. They are the Naimanjal exploration and mining license, held by FML Kazakhstan LLP, and the Baltemir exploration license, held by Baltemir LLP. Frontier is currently focused on three gold projects with more than two million ounces of oxide gold resource and two copper/gold projects with more than 5 billion pounds of contained copper (P1) resource.

Current Operations

GOLD PROPERTIES

Naimanjal Complex
The Naimanjal Complex includes the Naimanjal gold-silver deposit itself, which represents Frontier’s primary project, as well as six satellite gold prospects located within a 12-kilometre radius of the Naimanjal deposit. Naimanjal is a near surface oxide gold-silver mine. The Naimanjal gold mine is being developed to produce gold at an initial rate of 25,000 oz of gold per year.

The Naimanjal mine will process crushed ore mined by standard open pit mining techniques. Ore will be crushed through a three-stage crushing circuit. The crushed ore will be processed using conventional, cyanide heap leach technology. Precious metals will be recovered using Merrill Crowe technology to produce a dore product for export

Naimanjal Satellite Deposits
The six Naimanjal satellites include Baritovy, Naiman, Ergozy, Toksanbay, Jal, and Jantilak.The satellites are near surface oxide gold deposits similar in nature to Naimanjal. The most advanced satellite is Baritovy, which has ore stockpiled from historic trenching. At Baritovy ore was sampled to contain 4,870 tonnes of ore assaying 4.64 gpt gold containing 22.6 kilograms (726 ounces) of gold.

A preliminary resource estimate incorporating the results from the 2004 drilling, trenching, geochemical, and geophysical data contains 530,000 tonnes of ore at 1.04 gpt gold using a 0.5 gpt cut off or 271,000 tonnes of ore at 1.97 gpt gold using a 1.0 gpt cut off. The deposit is open in all directions.

An exploration program for the remaining satellites is being developed.

Koskuduk
Koskuduk includes East, West and South mineralized zones. Koskuduk is a near surface oxide gold target with sulphide potential at depth.

The current resource includes 70,000 oz of gold in C1 and 180,000 oz of gold in C2 categories. The management believes there is potential for 1,000,000 oz of gold.

Frontier is planning to undertake a feasibility study (FS) for the development of initial production of 25,000 oz of gold per year assuming a positive FS and the necessary funding are in place.

Baltemir
CenterKazNedra has extended the Baltemir exploration license till March 2007.

To date 25 core holes have been drilled at various locations along the seven kilometre long quartz vein system. While there are areas of high-grade, Frontier is still working on establishing geological control of the mineralisation. Exploration on the seven kilometre long quartz vein system will continue.

A nine core hole drilling programme at Koskia, the new mineralised target (15 km x 8 km) identified in the northern part of the license area about six kilometres from the known quartz vein system, is in progress. This is a complex mafic/ultramafic Koskia pluton with explosive breccia in vein zones and smaller rhyolitic intrusives. Gold values of 0.5 gpt have been encountered in outcrops with 0.5% lead and 0.5% arsenic.

COPPER PROPERTIES

Copper Trend - Beschoku
Geological and geophysical results to date have identified two large mineralised systems within the Beschoku area, a copper/gold VMS deposit including oxide mineralisation, and a copper/molybdenum porphyry deposit. The copper and molybdenum minerals include malachite, azurite, chrysocolla, chalcopyrite, bornite and molybdenite.

Based on alteration zoning, geochemistry, and geophysics, to a depth of 200 metres, using 10 percent sulphide content and a specific gravity of 2.7 tonnes per cubic metre, management estimate a preliminary inferred geologic resource (P1) for the VMS type deposit of 620,000 tonnes of contained copper with 1 percent grade and 1.86 million tonnes of contained copper with 1 percent grade for the porphyry copper with skarn type deposit.

The first phase drilling program started in mid-March consists of 18 core holes targeted to discover the 2.48 million tonnes of contained copper resources reported previously. Nine core holes are targeted in geophysical anomalies and nine core holes are targeted in geochemical anomalies in both VMS-type and porphyry-type deposits.

The geophysical targets are based on work performed by GaiaScan Geophysics Ltd., and included Induced Polarization (“IP”) and resistivity profiling, as well as a magnetic survey. The IP anomalies totaled six square kilometres. The anomalous IP zones range from 900 metres to 1,200 metres wide and four kilometres long with chargeability values reaching 45 mv/v.

The geochemical anomalies include copper content above 500 parts per million (“ppm”) within a one-square-kilometre area. The most significant geochemical anomaly, Kotansor, contained up to 3,230 ppm (0.3 percent) copper with gold values reaching one gpt. A mid-19th century oxide copper mine, Kotansor, is located within this anomalous area.

An expanded geochemical and geophysical programme has been initiated to pursue the above-mentioned anomalies to the northwest and southeast of the above-mentioned anomalies.

Assuming results from the first phase of the 18-hole drill program are good and confirmed the discovery, Frontier will proceed immediately with the second phase of the drilling programme that will be used to establish ore reserves as part of a pre-feasibility study.

Copper Trend - Yubileiny
Yubileiny contains C2 category resource of 30,000 tonnes of contained copper with an assumed grade of 1% and P1 category resource of 80,000 tonnes of contained copper with an assumed grade of 1%. to the north of the C2 area.

A continuous and well defined IP anomaly of 150 metres to 170 metres wide with a strike length of over 700 metres was delineated. Excellent correlation with historic mine workings and recent drilling suggests that copper mineralisation is the causative source of the delineated IP anomaly. The IP anomaly is open at depth and along strike past the extent of the IP survey grid.

Baitimir
Baitimir is a 10 sq.km. in size property of that includes six gold and copper prospects. The property is located 30 km to the north of Beschoku. Basic geology of Baitimir area indicates that the copper mineralisation is located within a 3-kilimeter-wide contact zone between a copper- bearing granitic intrusion and overlying sequence of host rocks of basaltic composition and limestone.

Frontiers exploration programme started at Baitimir in the fall of 2004 and consisted of the hydrothermal alteration mapping, detailed sampling of all prospects, 2 profiles of induced polarization electric survey (IP) and a geochemical survey on 200 x 40 m grid for the 4 sq.km. area.

A new copper mineralisation zone called Kyzylshoky has been identified as a result of these surveys. The exploration programme resumed in May-June 2005 with five core holes drilled at Kyzylshoky down to 200 m depth. Although assays are pending, the core logging shows the presence of malachite-rich oxide zone to approximately 30 m continued with pyrite-chalcopyrite content 3 to 5% in the altered intrusive rocks below.

The geochemical sampling and the induced polarization survey, as well as core drilling, are scheduled to continue at Baitimir until the end of July.

Geographical Spread

Frontier currently operates in Kazakhstan, with wholly owned licences at Naimanjal and Baltemir. The Company may expand to Kyrgyzstan, Russia, and other CIS Countries, where it is also examining a number of uranium opportunities.

Board of Directors and Key Management

Mr. Brian Charles Savage	Chairman and Chief Executive Officer
Dr. Edward Isaac Bloomstein	Exploration Director
Mr. Thomas Ian Sinclair	Chief Financial Officer
Mr. Boyd Warrington Bishop	Non-executive Director
Dr. Shamil Talibulovich Tukhvatulin	Non-executive Director
Mr. Naum Voloshin	Non-executive Director
Mr. James Stonehouse	Naimanjal Project Development Manager
Mr. Igor Nedbaev	President, FML Kazakhstan
Mr. Askhat Mukhazhanov	Financial Controller, FML Kazakhstan

Company Address

12 St. James's Square
London, United Kingdom SW1Y 4RB


Telephone:	- 020 7849 6530
Facsimile:	- 020 7489 6200
Email:	bcsavage[at]frontiermining.com
Website:	http://www.frontiermining.com

Capital

132,979,597 ordinary shares issued
6,057,091 outstanding options and warrants
139,026,688 fully diluted

Year End

31st December

Nominated Brokers

Evolution Securities
100 Wood Street
London EC2V 7AN

Nominated Advisors