FORTUNA METALS LTD — Board/Management Information 2018

Jun 18, 2018

ADDRESS PHONE EMAIL Unit 5, Ground Floor +61 (8) 9486 4036 pmcneil@frontierresources.com.au 1 Centro Ave, Subiaco ABN WEBSITE WA, 6005 Australia 96 095 684 389 www.frontierresources.com.au

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ASX: FNT

Market Announcements Platform

19 June 2018

Appointment of Directors

Frontier Resources Limited ( Frontier ) announces the appointment of the following directors to the Board as per A$6,000,000 Placement Agreement that was approved by shareholders at the Extraordinary General Meeting held on 15 May 2018 and completed on 19 June 2018.

Fei Peng holds an MSc in Finance and Investment with Distinction from Durham University, UK. Peng has over 20 years of investment management experience, including corporate advisory, financial restructuring advisory, strategic planning and capital markets advisory in the PRC, Hong Kong, Singapore and the United States. Fei is an Executive Director of Forise International Limited, which is listed on the Singapore Stock Exchange. Fei was previously Executive President of Forise Holdings Limited. Prior to joining Forise Holdings Limited, Fei served as the President of Reignwood International Investment Ltd., where he was responsible for managing the group’s global investment activities. Previously, Fei served as the Vice President of CHINALCO Overseas Holdings Ltd (a Fortune 500 company) and was responsible for CHINALCO’s overseas investment business.

Yun Wei Dong (Fenix Dong) holds a double degree - Bachelor of Commerce and Bachelor of Information System - from the University of Melbourne. Fenix has extensive mergers and acquisition, investment banking, and management consultant experience in the mining and resources sector across the AsiaPacific region. His experience extends to mining exploration and processing companies listed on the ASX, and public and private companies in the PRC, Hong Kong and Mongolia. He is Managing Director of Forise and Forise Investment Australia Pty Ltd, both of which are Australian subsidiaries of Forise International Limited. Fenix was previously the Senior Vice President of Investment at Hywood Capital, Deputy General Manager and China Chief Representative of Roxstrata's investment company, and business analyst for National Australia Trustee

Anthony William Hickey holds a Bachelor of Laws (Honours) from the University of Queensland. He is the Founder and Chairman of Hickey Lawyers. He was a founding partner of one of the Gold Coast’s largest legal firms, Rapp Hickey Morgan Power before he established his own firm, Hickey Lawyers in 1993. His legal experience includes expertise in property development, tourism and construction law and commercial litigation. He is also the Founder and Chairman of Hickey Management, a business which is dedicated to providing successful business outcomes in Australia, particularly for overseas based investors.On 26 January 2017, the Governor General of Australia awarded him the Order of Australia Medal as recognition of his service to the Gold Coast Community and charitable organizations. Anthony is also the Chairman of the Salvation Army Red Shield Appeal for South East Queensland, Director of Titans Rugby League Pty Ltd, Chairman of School Council at Somerset College, Gold Coast, Contributor to the Bond University Vice Chancellor’s Mentoring Program for Indigenous Education and Engagement, Deputy Chair of the Bleached Arts Ltd Board, Committee member of the Salvation Army Queensland Advisory Board and Trustee of Gold Coast City Council Mayoress Charity Fund.

Appendix 3Xs, Initial Director’s Interest Notices are attached.

For the biographies of the current directors and additional information relating to Frontier, please visit the website at www.frontierresources.com.au.

FRONTIER RESOURCES LTD

Paige McNeil, B.Ed,GradDipEd(Trng&Dev),GradDipACG,FGIA,GAICD,FAIM

Non-Executive Chairman

BACKGROUND:

Frontier Resources Ltd is focussed on mineral exploration in highly prospective Papua New Guinea (PNG). The Company is targeting copper+/- gold +/-molybdenum porphyries and intrusive related epithermal gold deposits on its Exploration Licences (Els), plus 2 significant EL Applications. Continued exploration and drilling is strongly warranted. The Papuan Fold Belt contains Frontier’s Bulago and Muller ELs and the Ok Tedi porphyry copper-gold Mine (located 80km WNW of Bulago), Porgera intrusive/ epithermal related gold Mine (120km east of Bulago) and Kili Teke porphyry copper-gold Deposit (50km east of Bulago).