FORTUNA METALS LTD — Director's Dealing 2009

Sep 21, 2009

==> picture [116 x 80] intentionally omitted <==

ABN 96095684389 ADDRESS PHONE EMAIL PO Box 35 +61 (08) 6468 0388 info@frontierresources.com.au NORTH PERTH WA 6906 FAX WEBSITE Australia +61 (08) 9228 0704 www.frontierresources.com.au

ASX Limited Company Announcements Office

Announcement

22nd September 2009

ENTITLEMENTS ISSUE RAISED $681,208

The Non-Renounceable Entitlements Issue of shares and free attaching options closed 15[th] September 2009 after receiving applications for 19,463,096 shares and 19,463,096 options, raising $681,208.36. The Prospectus was dated 14[th] August 2009.

The allotments of shares and options will be processed and holding statements dispatched by the Share Registry on Wednesday 23[rd] September 2009, subject to clearance of funds and trading will commence Thursday 24[th] September 2009. The free attached option has a 4.5 cent exercise price and expires 3 December 2010.

The Company has reserved the right to allocate shortfall from the issue and is discussing its placement with interested investors.

Any person/investor who is interested in acquiring securities under the same terms as the Entitlements Issue is invited to contact the Company for a prospectus containing a shortfall application form by calling 9295 0388. Alternatively you can email and request a prospectus from info@frontierresources.com.au or download from the www.frontierresources.com.au homepage and revert it to the share registry as soon as possible.

An Appendix 3B in relation to the Entitlements Issue was lodged on 14[th] August 2009.

An Appendix 3Y “Change of Directors Interest Notice” for 3 Directors is attached.

Sincerely

==> picture [79 x 27] intentionally omitted <==

Paige McNeil Joint Company Secretary

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity FRONTIER RESOURCES LIMITED ABN 96 095 684 389

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Robert Donald McNeil
Date of last notice	27 January 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	21 September 2009
No. of securities held prior to change	4,745,715	800,000	33,336	-
Class	ORDINARY	UNLISTED OPTIONS 2010	LISTED OPTIONS 2010
Number acquired	1,492,178		1,492,178
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.035		NIL
No. of securities held after change	6,237,893	800,000	1,525,514

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Shares and Options taken up in Entitlement Issue Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

==> picture [433 x 311] intentionally omitted <==

----- Start of picture text -----

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in relation to
which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity FRONTIER RESOURCES LIMITED ABN 96 095 684 389

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter Andrew McNeil
Date of last notice	27 January 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	21 September 2009
No. of securities held prior to change	8,430,597	800,000	55,560	-
Class	ORDINARY	UNLISTED OPTIONS 2010	LISTED OPTIONS 2010
Number acquired	571,428		571,428
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.035		NIL
No. of securities held after change	9,002,025	800,000	626,988

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Shares and Options taken up in Entitlement Issue Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

==> picture [433 x 311] intentionally omitted <==

----- Start of picture text -----

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in relation to
which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity FRONTIER RESOURCES LIMITED ABN 96 095 684 389

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Graham John Fish
Date of last notice	27 January 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	21 September 2009
No. of securities held prior to change	105,743	800,000	57,142	-
Class	ORDINARY	UNLISTED OPTIONS 2010	LISTED OPTIONS 2010
Number acquired	285,714		285,714
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.035		NIL
No. of securities held after change	391,457	800,000	342,856

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Shares and Options taken up in Entitlement Issue Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

==> picture [433 x 311] intentionally omitted <==

----- Start of picture text -----

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in relation to
which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2