Frontier Rare Earths Announces the Filing of the 2014 MD&A, Financial Statements and Annual Information Form

TORONTO, ONTARIO--(Marketwired - March 30, 2015) - Frontier Rare Earths Limited (TSX:FRO)(OTC:FREFF) ("Frontier" or the "Company") announces the filing of its 2014 MD&A, Financial Statements and Annual Information Form, which includes an update on the status of the Zandkopsdrift Pre-Feasibility Study ("PFS"), the Company's other exploration activities and corporate strategic initiatives. Key points to note from the 2014 MD&A include:

Zandkopsdrift PFS

The Company has made good progress on the various studies that are required to allow the PFS report on Zandkopsdrift (the "PFS Report") to be completed. These studies cover all aspects of the proposed Zandkopsdrift development, including design of the Zandkopsdrift Processing Plant, Saldanha Separation Plant, power, water, roads, tailings, mining, reagent supply, logistics and environmental management. All of the PFS studies have now been completed and the PFS report is being compiled. The results of the PFS are expected to be announced in April 2015 and following which the PFS Report will be filed on SEDAR.

Graphite

As previously announced, the Company holds a 70% interest in Dombeya Mineração, Lda ("Dombeya"), a private company that holds a number of exploration licenses in Mozambique over areas with proven graphite mineralisation that are considered to have good economic potential. Frontier is responsible for carrying all of Dombeya's expenses up to completion of feasibility studies on the company's projects.

Two of the Dombeya licence areas, which are known as Lurio and Satemua, contain high grade graphite deposits for which historical, non-code compliant, resources were defined by exploration work carried out in the 1980s.

Geological mapping, ground geophysical surveys, sampling, trenching, metallurgical test work and conceptual engineering studies have been undertaken in the Lurio project area, the results of which have confirmed the presence of high grade, large flake graphite mineralisation, identified the potential for the production of a high purity large flake graphite concentrate and indicated that the project has sufficient economic potential to warrant further exploration and evaluation work be undertaken. Initial bench scale metallurgical test results indicate that the graphite can be easily liberated, with approximately 60% of the flake concentrate being classified at +80 mesh. The Company plans to continue evaluation work on the Lurio and Satemua projects in 2015.