Fronteer Receives Approval for American Stock Exchange Listing

Business Wire, June 28, 2005

VANCOUVER, British Columbia -- Fronteer Development Group Inc. ('Fronteer'), (TSX:FRG)(OTCBB:FTDGF)(FWB:FRR) is pleased to announce that it has received approval of its application to list its common shares on the American Stock Exchange (AMEX). Fronteer's common shares are expected to commence trading on the AMEX on June 29, 2005, under the symbol FRG.

This approval is contingent upon Fronteer being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if Fronteer is not in compliance with such standards.

"An AMEX listing is an important milestone in the growth of Fronteer" says Dr. Mark O'Dea, Fronteer's President and CEO. "There is a strong appetite for resource stocks in the U.S. and this listing will make the company more accessible and provide greater liquidity for our investors."

Fronteer has approximately 47 million common shares outstanding, CAD $24 million in cash and no debt. Fronteer is a mineral exploration company focused on Discovery Stage gold and uranium projects in Canada, Turkey and Mexico.

This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and include, among others, the expected date of Fronteer's proposed AMEX listing, the expectation that the AMEX listing will make Fronteer more accessible to current and prospective investors therefore increasing liquidity, the financial position of Fronteer and other statements that are not historical facts. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, risks and uncertainties described in Fronteer's annual report on Form 20-F and Reports on Form 6-K filed with the Securities and Exchange Commission.

Fronteer Development Group Inc. (TSX:FRG) (OTC Bulletin Board:FTDGF) (FRANKFURT:FRR)