Development Work Progresses at Fronteer's Sandman Gold Project

VANCOUVER, BRITISH COLUMBIA, Oct 23 (MARKET WIRE) --
Fronteer Development Group Inc. ("Fronteer" or the "Company") (TSX:
FRG)(AMEX: FRG) is pleased to announce progress by Newmont Mining Corp.
("Newmont") in its 2008 drilling program designed to further define the
multiple gold deposits at the Company's Sandman project in Nevada.

The ongoing program is focused on the Southeast Pediment, Silica Ridge,
Abel Knoll and North Hill deposits for the purposes of:

1. Confirming the character of near surface gold mineralization;

2. Obtaining bulk metallurgical material for mill grade and potential
heap leach metallurgical tests; and,

3. Improving the understanding of the geology and controls on gold
mineralization.

As of September 30, Newmont had completed 2,800 metres (9,300 feet) of
drilling in a total of 37 shallow drill holes. Assay results for all
holes are pending.

Over the next three months, a 2009 drilling program will be organized to
cover additional development drilling at Sandman and initiate a series of
exploration drill holes which will cover various property wide target
areas based on surface mapping, geophysical and soil sampling results.

Sandman currently includes a group of closely spaced resource areas, four
of which contribute to a combined NI 43-101 resource estimate of 271,900
ounces (measured and indicated) and 38,000 ounces (inferred) gold. The
deposits are near-surface and open-pit mineable, with significant
resource expansion and exploration upside potential.

Infrastructure surrounding Fronteer's Sandman project is excellent. The
property is close to Newmont's Twin Creeks mine, potentially eliminating
the need for a stand-alone milling facility and other significant capital
expenditures if the project were to proceed to production.

As part of its overall business strategy, Fronteer has established
important industry relationships with senior mining companies around the
world. The Sandman agreement with Newmont is an important template for
Fronteer that maximizes the potential for near-term production with an
excellent partner, while minimizing cash burn.

Under the terms of the agreement, Newmont can earn an initial 51%
interest in the project by making a positive production decision by June
2011, spending a minimum of $14 million on exploration and development,
making a commitment to fund and construct a mine, and completing a
bankable feasibility study.

Thereafter, Newmont may earn an additional 9% interest in Sandman by
spending a further US$9 million on development. Fronteer can elect to
have Newmont arrange financing for its 40% of ongoing development costs
in the joint venture. Fronteer retains a 2% Net Smelter Return on
production of the first 310,000 ounces at Sandman.

Sandman, Northumberland and Long Canyon are currently Fronteer's leading
properties among its large, relatively untapped portfolio of gold
projects in Nevada. For more information on Sandman and Fronteer's other
Nevada projects, visit: http://www.fronteergroup.com/?q=content/nevada.

LIQUIDITY

Fronteer has no debt and is not invested in any short-term commercial
paper or asset-backed securities. Fronteer has approximately C$84 million
in cash that is fully liquid and held with a large Canadian commercial
bank.

ABOUT FRONTEER

Fronteer is an exploration and development company with a track record of
making big discoveries. Fronteer has an extensive portfolio of advanced
stage gold projects in Nevada, a 40% interest in three gold and
copper-gold projects in western Turkey, and a 42.2% interest in Aurora
Energy Resources (TSX: AXU), a leading Canadian uranium company. For
further information on Fronteer visit www.fronteergroup.com.

Mineral resources are not mineral reserves and do not have demonstrated
economic viability, and there is no guarantee that any resource will
become a reserve. Michael Gustin, Ph.D., of Mine Development Associates
("MDA"), Reno, Nevada, is designated as a Qualified Person for the
Sandman resource estimate, with the ability and authority to verify the
authenticity of, and validity of, this data. Mineral resources have been
estimated by MDA in accordance with the standards adopted by the Canadian
Institute of Mining, Metallurgy and Petroleum ("CIM") Council in August
2000, as amended, and prescribed by the Canadian Securities
Administrators' National Instrument 43-101 Standards of Disclosure for
Mineral Projects. The Sandman mineral resource expressed is based on the
technical report prepared by MDA as of May 31, 2007. The cut-off grade
(expressed in ounces of gold per ton) for Sandman Project measured,
indicated and inferred resources is 0.01 oz Au/ton for all of the shallow
deposits and 0.02 oz Au/ton for the deeper zones at the Southeast
Pediment deposit. For further details on how the Sandman resource was
calculated, please view the technical report on SEDAR at
http://www.sedar.com/. Detailed resource tables for Fronteer's Nevada
projects, including Sandman, can also be found at:
http://www.fronteergroup.com/?q=content/nevada-resource-estimate-tables.

Except for the statements of historical fact contained herein, certain
information presented constitutes "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of
1995. Such forward-looking statements, including but not limited to,
those with respect to potential expansion of mineralization, potential
size of mineralized zone, timing of resource calculation and size of
exploration program involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievement of Fronteer to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks
related to international operations and joint ventures , the actual
results of current exploration activities, conclusions of economic
evaluations, uncertainty in the estimation of ore reserves and mineral
resources, changes in project parameters as plans continue to be refined,
future prices of gold and silver, environmental risks and hazards,
increased infrastructure and/or operating costs, labor and employment
matters, and government regulation and permitting requirements as well as
those factors discussed in the section entitled "Risk Factors" in
Fronteer's Annual Information form and Fronteer's latest Form 40-F on
file with the United States Securities and Exchange Commission in
Washington, D.C. Although Fronteer has attempted to identify important
factors that could cause actual results to differ materially, there may
be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to
be accurate as actual results and future events could differ materially
from those anticipated in such statements. Fronteer disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Accordingly, readers should not place undue reliance on
forward-looking statements.

News Release 08-24

Contacts:
Fronteer Development Group Inc.
Mark O'Dea, Ph.D, P.Geo
President and CEO
(604) 632-4677 or Toll Free: 1-877-632-4677

Fronteer Development Group Inc.
Richard Moritz
Director, Investor Relations
(604) 632-4677 or Toll Free: 1-877-632-4677

Fronteer Development Group Inc.
Glen Edwards
Director, Communications
(604) 632-4677 or Toll Free: 1-877-632-4677
Email: info@fronteergroup.com
Website: www.fronteergroup.com

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