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FORTUNA METALS LTD Capital/Financing Update 2013

Dec 19, 2013

64952_rns_2013-12-19_565e7515-ad44-4448-8b62-e6dc22c77fe2.pdf

Capital/Financing Update

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CONTACTS PHONE EMAIL PO Box 52 +61 (08) 9295 0388 [email protected] West Perth FAX W EBSITE WA 6872 Australia +61 (08) 9295 3480 www.frontierresources.com.au

ABN 96 095 684 389 ASX : FNT

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20 December 2013

ASX ANNOUNCEMENT

Entitlement Issue Complete

Frontier Resources Limited (ASX Code FNT) advises that the recent non-renounceable rights offer of 38,000,000 New Shares at an issue price of 0.007 cents per share on the basis of one (1) New Share for every eight (8) Shares held to raise up to $266,000 closed is now complete.

Number of Shares on Offer: 38,000,000
Shares validly applied by existing shareholders: 6,533,365
Total value of Shares validly applied for: $45,733
Shortfall Shares placed: 7,065,727
Shortfall value raised: $49,460
Total Value Raised: $95,193

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Julia Beckett

JOINT COMPANY SECRETARY