Liberty Gold Corp (LGDTF)

[frenchee]

Halilaga Copper-Gold Project to Nearly Double Exploration Program for 2008
December 19, 2007 10:59 a.m.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Fronteer Development Group Inc. ("Fronteer" or the "Company") (TSX:FRG)(AMEX:FRG) announced today that Teck Cominco Limited's Turkish subsidiary ("TCAM") has agreed to solely fund US$3 million in exploration at the Halilaga porphyry copper-gold deposit in northwestern Turkey. In turn, TCAM has been granted an extension to December 31, 2008 on its election whether to earn an additional 10% interest in the property.

The 2008 exploration program will nearly double last year's initial drill program at Halilaga from 6,000 metres to a target of 11,000 metres. The program will focus on grid drilling the known porphyry deposit and testing adjacent target areas.

"Our new agreement with TCAM continues exploration momentum on this exciting new copper-gold discovery, allowing additional data to be collected to fully test the limits of this project," says Fronteer President and CEO Mark O'Dea. "Halilaga has excellent infrastructure. It is situated at 400 metres elevation, accessible by road, on the power grid and has access to water."

At Halilaga's Central Zone (also known as the Kestane Zone), a combination of geochemistry, geophysics and diamond drilling has outlined robust near-surface copper-gold porphyry mineralization that spans an area 1,000 metres by 400 metres and shows a variable but apparent vertical dimension thus far of more than 250 metres.

TCAM and Fronteer are encouraged by multiple targets on the Halilaga property which have similar geochemical and geophysical signatures as the Central Zone. These additional targets have yet to be drill-tested. One target shows anomalous copper-gold geochemistry at surface, over an area approximately four times as large as the Central Zone.

As of Sept. 19, TCAM has earned-back a 60% interest in Fronteer's Halilaga copper-gold project, and the Agi Dagi and Kirazli gold deposits. The three projects are located along the same 30-km long mineral belt in northwestern Turkey.

To earn the additional 10% interest in Halilaga, TCAM must notify Fronteer before Dec. 31, 2008, that it intends to complete a feasibility study within four years of the notification date. If a production decision is made, TCAM will use its best efforts to arrange project debt financing for at least 60% of the capital costs and offer to loan Fronteer the remaining equity component of project financing at commercial lending rates. If TCAM fails to complete a feasibility study within four years from the notification date, its ownership percentage in Halilaga will remain at 60%.

TCAM and Fronteer will invest approximately C$600,000 in exploration at Kirazli and C$500,000 at Agi Dagi during 2008. TCAM has notified Fronteer that it will remain at a 60% interest in Kirazli and Agi Dagi.

For a map showing the distribution of drill holes at Halilaga's Central Zone, please use the following link: www.fronteergroup.com/i/IR/HalilagaHD16.jpg

LIQUIDITY

Fronteer is not invested in any short term commercial paper or asset-backed securities. The Company has approximately C$98.5 million in cash that is fully liquid and held with a large commercial bank.