Frontline Increases Exploration Properties in the Red Lake District and Sells Royalties

TORONTO, ON / ACCESSWIRE / November 29, 2016 / Frontline Gold Corporation (TSXV: FGC) (“Frontline” or the “Company”), announces it has acquired a 100% interest in several early stage exploration projects in the Red Lake District. The acquired exploration properties consist of; 1) two contiguous claims, totaling 480 acres on 12 claims units, which is adjacent to the Company’s Chukuni property, which consist of seven contiguous claims, totaling 2,960 acres on 74 claim units, that is located long the south and western boundaries of Goldcorp Inc’s (“Goldcorp”) Red Lake Gold Mine; and 2) the largest exploration projects consisting of 16 claims, totaling 6,400 acres on 160 claim units, adjoining Pure Gold’s Madsen mine to the east and the south (see attached Claim Map).

Frontline’s Purchase

To exercise the option and to complete the acquisition of the 100% interest in the claims, Frontline paid the optionor a total of $14,000. The remaining payments under the purchase option totaling $24,000 and $2,000 of additional staking costs for the two Chukuni claims were paid equally by Abitibi Royalties Inc. (“Abitibi”) and AuRico Metals Inc. (“AuRico”) in exchange for a combined 2% net smelter royalty (“NSR”) on the above acquired early stage exploration projects. See Abitibi press release dated 11/29/2016: http://www.abitibiroyalties.com/news/2016/november29/.

Commentary

Frontline’s President and CEO, Mr. Walter Henry, said, “The two Chukuni claims staked are an excellent addition to the Company’s current Chukuni Project given the strategic location of the Chukuni Project in the Red Lake Gold District and being directly contiguous to Goldcorp’s Red Lake Property both on northern and eastern property boundaries of the Chukuni property boundaries.

The Chukuni Project combined with the acquisition of the exploration projects adjoining Pure Gold’s Madsen mine to the east and the south, provides the Company with one of the largest exploration land packages within the Red Lake District totaling just under 9,400 acres.

This land package combined with the Company’s White Horse Island Project, situated between the Goldcorp / Premier Gold Rahill-Bonanza Gold Property and Premier Gold’s Hasaga Gold Property (see attached map) provides the Company with several early stage exploration projects within the Red Lake District.”

Frontline is a Canadian junior mineral exploration company. The Company’s principal properties include the following:

The technical information herein was reviewed by Mr. Greg Isenor, P. Geo., who acts as Frontline’s Qualified Person as defined by National Instrument 43-101.

Further information about the Company is available on the Company’s website, www.frontlinegold.com, or our social media sites listed below:

Facebook: https://www.facebook.com/Frontline Gold Corp./

Twitter: https://twitter.com/frontlinegold

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”
Walter Henry, President & CEO
FRONTLINE GOLD CORP.

Contact: Walter Henry
Telephone: (416) 362-9100
Fax: (416) 362-9300
Email: info@frontlinegold.com
Website: www.frontlinegold.com

Frontline Gold Corp. (TSXV: FGC)
1 Toronto Street, Suite 201
Toronto, Ontario M5C 2V6

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

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.

(Fig 1) Frontline Gold’s Exploration Projects

To view an enhanced version of this graphic, please visit: https://www.accesswire.com/uploads/frontline.jpg

SOURCE: Frontline Gold Corporation

ReleaseID: 449960