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NewWest Gold Corporation

NewWest Gold Corporation Receives Final Court Order For Arrangement With Fronteer Development Group

Lakewood, Colorado (ots/PRNewswire)

Fronteer Development Group
Inc. (TSX: FRG; AMEX: FRG)("Fronteer") and  NewWest Gold Corporation
(TSX: NWG)("NewWest") announced today that the  British Colombia
Supreme Court has issued a final order approving the  arrangement
between Fronteer and NewWest. Pursuant to the arrangement, each
NewWest common share will be exchanged for 0.26 of a Fronteer common
share  (the "share exchange ratio"). In addition, all of the
outstanding options of  NewWest will be exchanged for replacement
options of Fronteer and will be  exercisable to acquire that number
of common shares of Fronteer determined  by reference to the share
exchange ratio.
Fronteer and NewWest expect to close the transaction on September
24, 2007. Registered shareholders of NewWest will be required to
validly deposit their NewWest common share certificate with a validly
completed letter of transmittal in order to receive their Fronteer
common shares. A letter of transmittal was mailed to shareholders in
early August, 2007. Details of the required process are set forth in
NewWest's management information circulated dated August 7, 2007, a
copy of which is available at www.sedar.com.
About Fronteer
Fronteer is an exploration and development company with a track
record of making big discoveries. Fronteer has no debt and holds
approximately a 46.8% interest in Aurora Energy Resources (TSX: AXU),
a leading Canadian uranium company. Fronteer is not invested in any
short term commercial paper or asset-backed securities. Fronteer has
approximately C$100 million in cash that is fully liquid and held
with a large commercial bank.
About NewWest
NewWest is one of the largest holders of precious metals mineral
rights in Nevada's gold trends, spanning approximately 623,000 acres.
NewWest holds 19 exploration projects, including advanced-stage
projects with measured and indicated resources. NewWest's goal is to
move its projects into production.
This news release includes certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
applicable Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking information.
Forward-looking information in this news release includes but is not
limited to, completion of the arrangement, exposure to exploration
expenditures and metres drilled, and future plans and objectives of
NewWest Gold Corporation and Fronteer Development Group Inc.,
including future exploration and development.
Any number of important factors could cause actual results to
differ materially from these forward-looking statements, including,
among others, risks related to international operations, the
businesses of Fronteer and NewWest not being successfully integrated
or such integration proving more difficult, time consuming or costly
than expected, not realizing on potential benefits of the
combination, the actual results of current exploration activities,
conclusions of economic evaluations and changes in project parameters
as plans continue to be refined as well as future prices of gold and
silver, as well as those factors set out in the each company's Annual
Information Form as of December 31, 2006. Although each company
believes that the assumptions and factors used in preparing the
forward-looking statements are reasonable, undue reliance should not
be placed on these statements, which only apply as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed timeframes or at all. Accordingly,
readers should not place undue reliance on forward-looking
statements. Both companies disclaim any intention or obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
For further information: on Fronteer visit
http://www.fronteergroup.com
For further information on NewWest visit
http://www.newwestgold.com

Contact:

For further information: on Fronteer or contact: Mark O'Dea,
President and CEO; Glen Edwards, Media Relations, PH) +1-604-632-4677
or Toll Free 1-877-632-4677, info@fronteergroup.com; For further
information on NewWest contact: NewWest Gold Corporation, Stephen
Alfers, President and Chief Executive Officer, PH: +1-303-425-7042

Plus de actualités: NewWest Gold Corporation
Plus de actualités: NewWest Gold Corporation