Frontier Mining : Regulatory Approval for sale of Naimanjal

FRONTIER MINING LTD

("Frontier" or "the Company")

Regulatory Approval to proceed with sale of Naimanjal

Frontier Mining (AIM: FML), the AIM listedCopperproduction, exploration and development company focused on Kazakhstan, announces that the Company has now received approval fromMinistry of Industry and New Technology of the Republic of Kazakhstan ("RoK") to proceed with the sale of Naimanjal licence area to Union Transnationale Miniere S.A. ("UTM").

As previously announced on 10 March 2014, the Company has agreed to sell its 100% owned subsidiary FML Kazakhstan LLP, owner of the Naimanjal licence area to UTM for a cash consideration of US$30 million.

The Naimanjal licence area is located approximately 200 km West of Semey in North East Kazakhstan, with four commercial discoveries covering 529km², including Baitemir, Yubileiny and Beschoku.

All proceeds from the sale are expected to be used for repayment of maturing debt of the Company and financing capital expenditures for the ramp up of copper production at Benkala to maximum levels. A further announcement will be made once completion of the sale has taken place.

-ENDS-