Mr. Paul McGuinness reports

FRONTIER ANNOUNCES NORMAL COURSE ISSUER BID

Frontier Rare Earths Ltd. intends to make a new normal course issuer bid to repurchase, through the facilities of the Toronto Stock Exchange, certain of its outstanding ordinary shares and to terminate its existing normal course issuer bid due to expire on May 28, 2013.

The number of shares to be purchased during the period of the bid from April 30, 2013, to April 29, 2014, will not exceed 1.5 million shares being approximately 1.7 per cent of the outstanding shares as of April 17, 2013. The actual number of shares which may be purchased pursuant to the bid and the timing of any such purchases will be determined by the management of Frontier. As at April 17, 2013, there were 89,562,781 shares outstanding. Pursuant to the terms of the bid, Frontier will not acquire on any given trading day more than 25 per cent of the average daily trading volume of shares for the most recently completed six-month period, being 10,256 shares. All purchases made pursuant to the bid will be made through the facilities of the TSX or any alternative trading system and Frontier will hold any such shares purchased pursuant to the bid in treasury for resale or cancellation as management may determine.

Under the prior bid, Frontier purchased an aggregate of one million shares during the period commencing on May 29, 2012, and ending May 28, 2013, at a weighted average price of 60.55 cents per share. All purchases under the prior bid have ceased and the prior bid has been terminated.

Frontier will enter into an automatic share purchase plan with its designated broker to allow for the repurchase of shares at times when Frontier would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. The bid has been authorized by Frontier's board of directors to allow Frontier to purchase shares if in the opinion of management the purchases can be made on terms which will enhance the value of the remaining outstanding shares.

Frontier is undertaking the bid because it believes that the market may materially undervalue the shares of Frontier from time to time and that the shares may trade in a price range which may not adequately reflect the value of such shares in relation to the business, assets and future prospects of Frontier from time to time.

We seek Safe Harbor.