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FORTUNA METALS LTD Capital/Financing Update 2017

Oct 24, 2017

64952_rns_2017-10-24_58e29f2b-3722-4957-87ef-ffb99d211c64.pdf

Capital/Financing Update

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ADDRESS PHONE EMAIL Unit 5, Ground Floor, 1 Centro Ave. +61 8 9486 4036 [email protected] Subiaco, WA, 6008, Australia ABN WEBSITE 96 095 684 389 www.frontierresources.com.au

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ASX: FNT

ASX Limited Market Announcements Platform

25 October 2017

SMALL SHAREHOLDING SALE FACILITY COMPLETED

Frontier Resources Ltd (ASX: FNT) ( Frontier or the Company ) is pleased to advise that the share sale facility established for holders of unmarketable parcels of holdings valued at less than A$500 ( Sale Facility ) announced on 10 April 2017 has been completed.

A total of 2,404,808 shares have been sold on behalf of over 2,000 shareholders at a price of 1.56¢ per share pursuant to the Authorised Price in the Company’s Constitution. Entities associated with Directors Mrs Paige and Peter McNeil subscribed for 1,122,757 shares under the Sale Facility. The Company anticipates that cheques will be despatched to participants of the unmarketable share sale facility within with seven days.

For additional information visit www.frontierresources.com.au

FRONTIER RESOURCES LTD