Fronteer Gold Completes Acquisition of AuEx Ventures 

VANCOUVER, BC - Fronteer Gold Inc. and AuEx Ventures, Inc. jointly announced the completion of the acquisition of AuEx by Fronteer Gold. Fronteer Gold acquired all of the shares of AuEx pursuant to a court approved plan of arrangement.

"We have consolidated ownership of our flagship Long Canyon asset and created a dominant position in the Pequops, Nevada's newest gold trend," says Mark O'Dea, Fronteer Gold President and CEO. "Long Canyon is a unique, high-quality gold project and Fronteer Gold will continue to aggressively grow the resource while advancing the project toward production. We remain well funded to develop our exciting suite of gold projects. We welcome AuEx shareholders as shareholders of Fronteer Gold, and look forward to our continued relationship with the AuEx team as a shareholder of Renaissance Gold." Under the terms of the Arrangement each former AuEx shareholder will receive 0.645 of a Fronteer Gold common share, Cdn$0.66 in cash, and 0.5 of a share in Renaissance Gold, Inc. ("RenGold"), a new exploration company, for each AuEx share held. RenGold holds all of AuEx's exploration assets outside of the Pequop District and has approximately Cdn$5.0 million in cash. Former AuEx shareholders now hold 18.6% of the issued and outstanding shares of Fronteer Gold on a fully-diluted basis and 90.1% of the RenGold shares, while Fronteer Gold holds the remaining 9.9% of the RenGold shares. The RenGold shares have been conditionally approved for listing on the TSX Venture Exchange under the symbol "REN", subject to satisfaction of the requirements of the TSX Venture Exchange. Fronteer President, Mark O'Dea said, We intend to become a significant gold producer. Our solid financial position and strong operational team give us the ability to advance our key gold projects through to production. Our future potential production platform includes our flagship Long Canyon project, and our Sandman and Northumberland projects all located in Nevada, one of the friendliest gold-mining jurisdictions in the world. Fronteer Gold aims to build regional production by advancing these projects sequentially over the near-term. The company's address is Suite 1650, 1055 West Hastings, Vancouver, BC V6E 2E9, 604.632.4677 , fax: 604.632.4678, email: [email protected].