Liberty Gold Corp (LGDTF)

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Fronteer Announces Completion of Acquisition by Newmont

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2011)

Fronteer Gold Inc. (TSX:FRG)(NYSE Amex:FRG) ("Fronteer Gold") today announced the completion of the acquisition of Fronteer Gold by Newmont Mining Corporation ("Newmont") pursuant to a court approved plan of arrangement (the "Arrangement").

Under the Arrangement, shareholders of Fronteer Gold received Cdn$14.00 in cash and 0.25 of a common share of a new company, "Pilot Gold" (after a one-for-four share consolidation of Pilot Gold), for each common share of Fronteer Gold. Pilot Gold owns certain exploration assets formerly owned by Fronteer Gold. Following completion of the Arrangement, former Fronteer Gold securityholders hold approximately 80.1% of the outstanding shares of Pilot Gold, on a fully-diluted basis, and the remaining 19.9% of the Pilot Gold shares are held indirectly by Newmont.

The Toronto Stock Exchange (the "TSX") has approved the listing of the common shares of Pilot Gold and expects that the Pilot Gold common shares will commence trading on Monday, April 11, 2011 under the stock symbol "PLG".

http://www.marketwire.com/press-release/Fronteer-Announces-Completion-of-Acquisition-by-Newmont-TSX-FRG-1423996.htm