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FRONTIER ENERGY LIMITED Capital/Financing Update 2012

May 2, 2012

64917_rns_2012-05-02_cef59fc4-87e8-4070-89d9-171c52df9042.pdf

Capital/Financing Update

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----- Start of picture text ----- Ishine兴盛国际----- End of picture text -----

1187 Hay Street West Perth, WA 6005 Australia T: +61 8 6142 5088 F: +61 8 9200 5638 W: www.ishineresources.com E: [email protected]

Date: 3 May 2012

LISTING OF CHINA ZHONGSHENG RESOURCES HOLDINGS

Ishine International Resources Limited ( ASX Code: ISH “Ishine” or the “Company” ) is pleased to advice that Ishine’s largest shareholder, Shandong Ishine Mining Industry Co Ltd (“SIMIC”) (68.27%), has successfully listed on the Hongkong Stock Exchange: The Stock Exchange of Hong Kong Limited (SEHK) as China Zhongsheng Resources Holdings (Code: 02623), raising a total of approximately HK$160,000,000.

Mr Yunde Li, Chairman of Ishine said, “This is such a big achievement for SIMIC especially during such a difficult time in the global market. With such raising, SIMIC would be able to assess its projects and investments including continuing its support on Ishine’s operation in Australia.”

For further information, please contact:

Leonard Math Company Secretary T: +61 8 6142 5088

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