Mr. Walter Henry reports

FRONTLINE ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Frontline Gold Corp. will not be able to file its annual financial statements, accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the financial year ended Dec. 31, 2022, within the period prescribed for the filing of such documents under parts 4 and 5 of National Instrument 51-102 and pursuant to National Instrument 52-109, namely within 120 days of year-end.

The primary reason for the default in filing is that Frontline's previous-year audit partner has moved to a new audit firm and resulted in the position that audit for the 2022 annual consolidated financial statements delayed. Frontline has engaged an auditing firm to complete the 2022 annual consolidated financial statements.

The company is continuing to work diligently and expeditiously with its new auditor to file the 2022 annual consolidated financial statements annual filings on or before June 15, 2023.

During the period of default, Frontline will issue biweekly default status reports in the form of further press releases, which will also be filed on SEDAR. Frontline confirms that there are no insolvency proceedings against it and there is no other material information concerning the affairs of the company that has not been generally disclosed as of the date of this press release.

The company had made an application to the applicable Canadian securities regulatory authorities for a management cease trade order, but this application was denied by the Canadian securities regulatory authorities due to its view that there is not an active, liquid market for the company's shares. The Canadian securities regulatory authority's recommendation was based on its review of the trade volume, trade value and number of trades over the last 30 days. The applicable Canadian securities regulatory authorities may issue general cease trade orders against Frontline for failure to file the 2022 annual financial statements within the prescribed time period.

The company confirms that since the filing of its interim consolidated financial statements for the period ended Sept. 30, 2022, that there have been no reportable events as defined in the National Instrument 51-102 and, in its opinion, there are no reportable events pending.

There were no reservations in the former auditor's reports in connection with the financial statements of the company since the former auditor's appointment, and any periods subsequent for which an audit report was issued and preceding the effective date of expiry of the former auditor's term of office.

About Frontline Gold Corp.

Frontline is a Canadian junior mineral exploration company. The company's core properties include the Crooked Pine gold project (Ontario), Copperlode project (Ontario), the Flint Lake and Kakagi Lake gold project (Ontario), and the Route 109 gold project and the NE Bachelor Lake gold project, which are both in the Abitibi region of Quebec. Other Canadian exploration properties include other gold property groups in Ontario and include the Whitehorse Island Mining patents.

Frontline continues to actively seek projects and additional investor/partner(s) in order to continue to build upon its properties and net smelter return royalties.

We seek Safe Harbor.