frontierAlt 2007 Energy & Precious Metals Flow Through LP files final prospectus for initial public offering of up to $30 million



    /THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
    DISTRIBUTION TO U.S. NEWS WIRE SERVICES./

    TORONTO, Oct. 31 /CNW/ - frontierAlt Capital Corporation, a promoter of
frontierAlt 2007 Energy & Precious Metals Flow Through LP (the "Partnership"),
is pleased to announce that the Partnership has filed and has received a
receipt from the securities regulators of all the Canadian provinces for the
final prospectus dated October 29, 2007 for the initial public offering of up
to a maximum of 1,200,000 limited partnership units of the Partnership at a
price of $25.00 per unit. It is anticipated that the initial closing of the
offering will be on or about November 9, 2007.
    The Partnership will invest primarily in flow-through shares of select
energy issuers and precious metals issuers that are considered by the
portfolio manager of the Partnership to represent good value in relation to
the market price of the energy issuer's or precious metals issuer's shares,
have experienced and capable senior management, have a strong exploration
program in place, and offer potential for future growth. The Partnership's
investment objectives are to achieve capital appreciation, and maximize tax
benefits for investors. The Partnership will endeavour to invest all proceeds
available for investment by December 31, 2007.
    The Partnership has retained Caldwell Investment Management Ltd. to act
as portfolio manager to select flow-through shares and other investments for
the Partnership. Caldwell Investment Management Ltd. is an affiliate of
Caldwell Securities Ltd. Together, Caldwell Investment Management Ltd. and
Caldwell Securities Ltd. manage or provide investment advice on over
$1 billion of client assets. Caldwell Investment Management Ltd. will retain
the services of AJM Petroleum Consultants and Southampton Associates Inc. to
provide it with industry expertise and due diligence services respecting oil
and gas and mineral companies, respectively.
    A syndicate of agents for the offering is being led by CIBC World Markets
Inc., and includes TD Securities Inc., Dundee Securities Corporation, National
Bank Financial Inc., Scotia Capital Inc., Blackmont Capital Inc., Canaccord
Adams, HSBC Securities (Canada) Inc., Raymond James Ltd., Richardson Partners
Financial Limited and Wellington West Capital Inc.

    %SEDAR: 00025890E




For further information:

For further information: Asif Khan, Chairman & CEO, frontierAlt Capital
Corporation, Tel: (416) 623-3161, Fax: (416) 360-6202, email:
akhan@frontieralt.com; Kurankye Sekyi-Otu, Executive Vice-President,
frontierAlt Capital Corporation, Tel: (416) 623-3171, Fax: (416) 360-6202,
e-mail: ksekyiotu@frontieralt.com; www.frontieralt.com

Organization Profile

FRONTIERALT 2007 ENERGY & PRECIOUS METALS FLOW-THROUGH LIMITED PARTNERSHIP

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