Article: Fronteer Increases Investment Latin American Minerals

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 4, 2007) - Fronteer Development Group Inc. ("Fronteer" or "Company") (TSX:FRG)(AMEX:FRG) is pleased to announce that it has acquired 2,000,000 units ("Units") of Latin American Minerals Inc. ("Latin American") at a price of C$1.00 per Unit as part of a larger private placement of 12,000,000 Units by Latin American (the "Offering"). Each Unit is comprised of one common share in the capital of Latin American and one-half of a common share purchase warrant. Each whole warrant entitles Fronteer to acquire one additional common share of Latin American at a price of C$1.25 for a period of 12 months from

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