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FORTUNA METALS LTD Capital/Financing Update 2008

Dec 8, 2008

64952_rns_2008-12-08_d1eaae15-5a4e-4b52-8052-4a752e71f581.pdf

Capital/Financing Update

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ABN 96 095 684 389 ADDRESS PHONE EMAIL PO Box 35 +61 (08) 6468 0388 [email protected] NORTH PERTH WA 6906 FAX WEBSITE Australia +61 (08) 9228 0704 www.frontierresources.com.au

9 December 2008 ASX Announcement

NON-RENOUNCEABLE RIGHTS ISSUE CLOSING DATE EXTENSION

Frontier Resources Ltd (Frontier) advises that the closing date of its non-renounceable Entitlements Issue (Issue) has been extended to 20 January 2009.

The revised timetable is detailed below:

SUMMARY OF PRINCIPAL DATES

Entitlements Issue closes - last date for acceptances and payment of 20 January 2009
application money
Last day for allotment of New Shares and New Options 27 January 2009
Despatch of holding statements for New Shares and New Options 27 January 2009
Normal trading commences for New Shares and New Options on ASX 30 January 2009

If you have any questions regarding your entitlement or the mailing of the Prospectus and the accompanying Entitlement and Acceptance Form, please contact Frontier’s share registry on (02) 9290 9600 or +61 2 9290 9600 for overseas callers.

Yours faithfully

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Jay Stephenson Company Secretary