FRONTLINE GOLD CORPORATION

NEWS RELEASE

(figures in Canadian dollars)

Frontline Announces Closing of Second Tranche of Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Frontline Gold Corporation (TSX-V:FGC) (the �Company�) is pleased to announce the closing of the second tranche of its previously disclosed private placement (the �Offering�) of units ("Units") at a price of $0.14 per Unit and flow-through common shares ("Flow-Through Shares") at a price of $0.17 per Flow-Through Share, which first tranche was completed on December 23, 2010, for aggregate gross proceeds of $3,743,112.  A total of 1,900,000 Units and a total of 3,259,176 Flow-Through Shares were sold on a non-brokered basis under the second tranche of the Offering for aggregate gross proceeds of $820,059.92.

Each Unit is comprised of one common share and one-half of one common share purchase warrant (the �Warrants�). Each whole Warrant entitles the holder thereof to acquire one common share of the Company until December 23, 2013. Each Warrant is exercisable at a price of $0.18 per common share until December 23, 2012 and at a price of $0.20 per common share until December 23, 2013.

In connection with the second tranche of the Offering, the Company paid finder�s fees of $65,604.80 and issued an aggregate of 412,733 non-transferable finder�s warrants exercisable until December 23, 2012 at an exercise price of $0.14 per common share.

All securities issued in connection with the Offering will be subject to a hold period expiring on June 10, 2011.

The net proceeds from the offering of Units will be used for exploration at the Company�s Niaouleni property in Mali, working capital and general corporate purposes. The gross proceeds from the offering of Flow-Through Shares will be used to incur certain types of Canadian Exploration Expense (�CEE�) which will qualify as "flow-through mining expenditures" as defined in the Income Tax Act (Canada) and the Company will renounce, for the 2011 taxation year, such CEE in favour of original purchasers of the Flow-Through Shares in an amount equal to the issue price for each Flow-Through Share.

The closing of the offering is subject to the final approval of the TSX Venture Exchange.

About Frontline Gold Corporation

With its Niaouleni Gold Project in West Mali, expanding land position at Efem�ukuru in Turkey, the Poly and Stewart gold properties in British Columbia, and the Red Lake gold prospects in Ontario, Frontline is re-positioning itself as a pure-gold exploration company.  Frontline has an experienced management group, a solid exploration team and a promising portfolio of gold exploration projects offering investors exposure to a promising suite of gold exploration properties.  Please visit our website at www.frontlinegold.com for the most recent presentation.

For more information, please contact:

Walter Henry, CFA, ICD.D.

President & CEO
Frontline Gold Corporation
1550 Bedford Highway, Suite 802, Sun Tower 
Bedford, NS B4A 1E6 
Tel: (902) 832-5555 Fax: (902) 832-2223
info@frontlinegold.com

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.