Frontier
Pacific: The Greek Government officially expresses its intention to grant
approval of the Environmental Impact Study for the Perama Gold Project
Vancouver, British
Columbia - December 3, 2007 - The Greek Ministry of Environment, Land Planning and Public Works,
informed the Parliament of Greece, that the review of the Environmental Impact
Study (�EIS�), along with all the additional data and special studies, had been
completed for the construction, operation and rehabilitation of the Perama Gold
Project of Thracean Gold Mines SA., the Greek operating subsidiary of Frontier
Pacific Mining Corporation (TSX-V:FRP). The Ministerial review of the EIS
included opinions from the other members of the governing ministerial council
as well as the regional councils of the Districts of Evros and Rodopi. The
Perama Gold Project area straddles both the districts of Evros and Rodopi,
Northeastern Greece.
In addition, and most
importantly for Thracean Gold Mines, the Minister announced that the
Ministerial Committee had completed the draft of the �Joint Ministerial
Decision� for the approval of the Joint Ministerial Council. The Government's
announcement clearly states that the �Environmental Terms of Reference� approving
the EIS are based on the National and European legislation and in particular
the �Best Available Techniques� set out to address the environmental impact
during construction, operation and rehabilitation of the area after operation.
This is the first time that
the Government of Greece has publicly announced such a clear and official
position with regards to the Perama Gold Project. The announcement supports the
view of the majority of the citizens in the area and around the project and
confirms its intention to license the Perama Gold Project.
About
Frontier Pacific:
Frontier
Pacific is develop ing the advanced Perama Hill gold project in north eastern Greece, held by
its wholly-owned subsidiary Thracean Gold Mining S.A. The Company has
earned an undivided 50% interest in the Macusani Uranium Project in south
eastern Peru where it is the operator and has recently completed a twenty
thousand meter diamond drill program; and has begun
exploration of the 9,973 hectare Taraira gold concession in south eastern
Colombia. More information is available on http://www.frontierpacific.com
On
B ehalf of the Board of Directors,
FRONTIER PACIFIC
MINING CORPORATION
�Peter F.
Tegart�
Peter F. Tegart, P. Geo., President & CEO
The TSX Venture Exchange
(the "Exchange") has not reviewed and does not accept responsibility
for the accuracy or adequacy of this news release. The Exchange has in no way
passed upon the merits of the proposed transaction and has neither approved nor
disapproved the contents of this press release.
This news release may
contain forward-looking statements that are based on Frontier Pacific
expectations, estimates and projections regarding its business and the economic
environment in which it operates. These statements are not guarantees of
future performance and involve risks and uncertainties that are difficult to
control or predict. Therefore, actual outcomes and results may differ materially
from those expressed in these forward-looking statements and readers should not
place undue reliance on such statements. Statements speak only as of the date
on which they are made, and the Company undertakes no obligation to update them
publicly to reflect new information or the occurrence of future events or
circumstances, unless otherwise required to do so by law.