GoldMinerPulse.com -- Fronteer Development Group Inc.: (NI) 43-101 Metal Valuation Report

Fronteer Development Group Inc. (FRG)

Company Web Site: www.fronteergroup.com
(NI) 43-101 reports from projects located in: USA (US)
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-11-24. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-11.
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GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-11
Project/Deposit CC MVpSh PP% MI% I% Gold Silver Uranium
    Michelin CA $42.78 0 61% 39%           62.76 K t
    Northumberland US $21.71 0 84% 16% 2.43 M oz     9.50 M oz
    Zaca US $6.18 0 98% 2% 436.30 K oz     19.28 M oz
    Long Canyon US $3.53 0 44% 56% 419.93 K oz
    Sandman US $1.28 0 88% 12% 151.80 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-11
Metric / Metal Gold Silver Uranium
    Metal Totals 3.44 M oz     28.77 M oz     62.76 K t
    Metal Prices in US$ (from 2010-03-11) $1,108.90 per oz     $17.15 per oz     $40.75 per lb
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $28.95     $3.74     $42.78
    Percentage of Total Metal Value 38.36%     4.96%     56.68%
    PP% | MI% | I% 0 | 81% | 19%     0 | 94% | 6%     0 | 61% | 39%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-11
    Metal Value per Share (MVpSh)    US$75.48
    Average Ore Value per Tonne    US$68.88
    Metal Value Leverage (MVL)    15.75
    Market Capitalization as % of Metal Value    6.4%
    Recent Stock Price    C$4.91   (TSX/TSXV close on 2010-03-11.)
Conversion rate used: 1 Cnd$ = 0.976275 US$ )
    Fully Diluted Share Count    131.80 M    ( Fully diluted share count estimated using the basic share o/s plus options count as listed at Fronteer, Corporate Structure web page viewed November 2009. )
    PP% | MI% | I%    0 | 70% | 30%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    1.424 g/t
    Market Capitalization
    per oz of Gold In Ground    $183.61   US$  |   188.07   C$
    Gold Eq Oz Estimate    8.97 M oz   ( 3.44 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent    $70.43   US$  |   72.14   C$

See terms for more about GoldMinerPulse metrics.
Additional Notes:
Fronteer and Teck announce proposed sale of Agi Dagi and Kirazli gold projects to Alamos, September 23, 2009 News Release and Alamos Gold Inc. to Acquire Agi Dagi and Kirazli Gold Projects in Northwestern Turkey, September 23, 2009 News Release.
As of the September 28, 2009 update at GoldMinerPulse, the Agi dagi and Kirazli deposits are tracked under Alamos Gold Inc. (AGI).
Other Mining Companies Held by Fronteer    -   Aurora Energy Resources in Labrador
Quote: Aurora Energy Resources Inc. is a uranium exploration and development company active in the Central Mineral Belt of coastal Labrador - one of the world's most promising uranium districts - and in the Baker Lake Basin of Nunavut, Canada. Aurora is 100%-owned by Fronteer Development Group (FRG-TSX, NYSE Amex), an exploration and development company with an extensive gold project pipeline in Nevada and a 40% interest in three gold and copper-gold projects in western Turkey.
Fronteer Properties For Sale    -   2009 Q2 MD&A filing.
Quote: In Turkey, we also have a number of gold projects, including the Agi Dai and Kirazli deposits, both of which are being considered for sale.
GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of Fronteer Development Group Inc. is complete pending a final internal review.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold	Silver	Uranium
Michelin	CA	$42.78	0	61%	39%			62.76 K t
Northumberland	US	$21.71	0	84%	16%	2.43 M oz	9.50 M oz
Zaca	US	$6.18	0	98%	2%	436.30 K oz	19.28 M oz
Long Canyon	US	$3.53	0	44%	56%	419.93 K oz
Sandman	US	$1.28	0	88%	12%	151.80 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-11
Metric / Metal	Gold	Silver	Uranium
Metal Totals	3.44 M oz	28.77 M oz	62.76 K t
Metal Prices in US$ (from 2010-03-11)	$1,108.90 per oz	$17.15 per oz	$40.75 per lb
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$28.95	$3.74	$42.78
Percentage of Total Metal Value	38.36%	4.96%	56.68%
PP% \| MI% \| I%	0 \| 81% \| 19%	0 \| 94% \| 6%	0 \| 61% \| 39%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-11
Metal Value per Share (MVpSh)	US$75.48
Average Ore Value per Tonne	US$68.88
Metal Value Leverage (MVL)	15.75
Market Capitalization as % of Metal Value	6.4%
Recent Stock Price	C$4.91 (TSX/TSXV close on 2010-03-11.) Conversion rate used: 1 Cnd$ = 0.976275 US$ )
Fully Diluted Share Count	131.80 M ( Fully diluted share count estimated using the basic share o/s plus options count as listed at Fronteer, Corporate Structure web page viewed November 2009. )
PP% \| MI% \| I%	0 \| 70% \| 30%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade	1.424 g/t
Market Capitalization per oz of Gold In Ground	$183.61 US$ \| 188.07 C$
Gold Eq Oz Estimate	8.97 M oz ( 3.44 M oz are in ground)
Market Capitalization per oz of Gold Equilavent	$70.43 US$ \| 72.14 C$

See terms for more about GoldMinerPulse metrics.

Long Canyon    - ^top^
(NI) 43-101 Report:
Title: Technical Report on the Long Canyon Project Elko County, Nevada, USA
Date: 2009-04-24 (119 pages)

Updates: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
Project Location: Nevada, USA
Map View: View the Fronteer Development Group and AUEX Ventures Long Canyon project on a Google Map.
Most Optimistic Resource Estimates (MORE):
   •Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $1.56    185.27 K oz     2.350 g/t     4.81 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
Resource quantities adjusted for ownership percentage of 51.0%.
Cutoff 0.30 g/t, as detailed in the update.
   •Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $1.97    234.66 K oz     1.630 g/t     8.78 M t
Estimate notes: See notes for Indicated.
Resource quantities adjusted for ownership percentage of 51.0%.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.56	185.27 K oz	2.350 g/t	4.81 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009. Resource quantities adjusted for ownership percentage of 51.0%. Cutoff 0.30 g/t, as detailed in the update.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.97	234.66 K oz	1.630 g/t	8.78 M t
Estimate notes: See notes for Indicated. Resource quantities adjusted for ownership percentage of 51.0%.

Michelin    - ^top^
(NI) 43-101 Report:
Title: Michelin Uranium Project Labrador, Canada NI 43-101 Technical Report on Preliminary Assessment
Date: 2009-08-01 (221 pages)
Project Location: Labrador, Canada
Map View: View the Michelin Uranium project proposed site on a Google Map.
Most Optimistic Resource Estimates (MORE):
   •Measured + Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Uranium $16.29    23.90 K t       1,200.000 g/t     19.92 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the underground resource.
cutOffNotes
   •Measured + Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Uranium $9.67    14.18 K t       700.000 g/t     20.26 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the open pit resource.
   •Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Uranium $12.68    18.61 K t       1,100.000 g/t     16.92 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the underground resource.
   •Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Uranium $4.14    6.07 K t       500.000 g/t     12.14 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the open pit resource.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Uranium	$16.29	23.90 K t	1,200.000 g/t	19.92 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the underground resource. cutOffNotes

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Uranium	$9.67	14.18 K t	700.000 g/t	20.26 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the open pit resource.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Uranium	$12.68	18.61 K t	1,100.000 g/t	16.92 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the underground resource.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Uranium	$4.14	6.07 K t	500.000 g/t	12.14 M t
Estimate notes: See Table 17-1: Mineral Resource Estimate Michelin Project, Effective Date 1 August 2009; Mark Hertel, P.Geo. on p. 176 of 221 in the NI 43-101 dated August 2009. This section reports the open pit resource.

Northumberland    - ^top^
(NI) 43-101 Report:
Title: Technical Report on the Northumberland Project Nye County, Nevada, USA: Resource Update 2008
Date: 2007-11-01 (139 pages)

Updates: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
Project Location: Nevada, USA
Map View: View the Northumberland project on a Google Map.
Most Optimistic Resource Estimates (MORE):
   •Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $17.21    2.05 M oz     1.920 g/t     33.13 M t
   Silver $1.07    8.22 M oz     7.720 g/t     33.13 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
   •Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $3.26    387.86 K oz     1.920 g/t     6.28 M t
   Silver $0.17    1.27 M oz     6.300 g/t     6.28 M t
Estimate notes: See notes for Measured + Indicated.
cutoff is 0.34 g Au/t

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$17.21	2.05 M oz	1.920 g/t	33.13 M t
Silver	$1.07	8.22 M oz	7.720 g/t	33.13 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$3.26	387.86 K oz	1.920 g/t	6.28 M t
Silver	$0.17	1.27 M oz	6.300 g/t	6.28 M t
Estimate notes: See notes for Measured + Indicated. cutoff is 0.34 g Au/t

Sandman    - ^top^
(NI) 43-101 Report:
Title: Updated Technical Report Sandman Gold Project Humboldt County, Nevada USA
Date: 2007-11-01 (209 pages)

Updates: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
Project Location: Nevada, USA
Map View: View the Sandman gold project on a Google Map.
Most Optimistic Resource Estimates (MORE):
   •Measured + Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $1.12    133.15 K oz     1.160 g/t     7.29 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
Resource quantities adjusted for ownership percentage of 49.0%.
cutOffNotes
   •Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $0.16    18.65 K oz     0.920 g/t     1.29 M t
Estimate notes: See notes for Measured + Indicated.
Resource quantities adjusted for ownership percentage of 49.0%.
cutoff is 0.34 g Au/t

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.12	133.15 K oz	1.160 g/t	7.29 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009. Resource quantities adjusted for ownership percentage of 49.0%. cutOffNotes

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.16	18.65 K oz	0.920 g/t	1.29 M t
Estimate notes: See notes for Measured + Indicated. Resource quantities adjusted for ownership percentage of 49.0%. cutoff is 0.34 g Au/t

Zaca    - ^top^
(NI) 43-101 Report:
Title: Updated Technical Report Zaca Project Alpine County, California USA
Date: 2007-11-01 (129 pages)

Updates: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
Project Location: California, USA
Map View: View the Fronteer Zaca project on a Google Map.
Most Optimistic Resource Estimates (MORE):
   •Measured + Indicated
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $3.62    430.35 K oz     0.550 g/t     24.34 M t
   Silver $2.46    18.94 M oz     24.200 g/t     24.34 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009.
cutOffNotes
   •Inferred
Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $0.05    5.95 K oz     0.620 g/t     298.46 K t
   Silver $0.04    339.69 K oz     35.400 g/t     298.46 K t
Estimate notes: See notes for Measured + Indicated.
cutoff is 0.34 g Au/t

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$3.62	430.35 K oz	0.550 g/t	24.34 M t
Silver	$2.46	18.94 M oz	24.200 g/t	24.34 M t
Estimate notes: Resource estimates are provided at Froneer's Nevada Resource Estimate Tables web page viewed August 2009. cutOffNotes

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.05	5.95 K oz	0.620 g/t	298.46 K t
Silver	$0.04	339.69 K oz	35.400 g/t	298.46 K t
Estimate notes: See notes for Measured + Indicated. cutoff is 0.34 g Au/t


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