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


    TORONTO, Sept. 10 /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
preliminary prospectus dated September 5, 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.
    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.

    A preliminary prospectus relating to these securities has been filed with
securities commissions or similar authorities in each of the provinces of
Canada but has not yet become final for the purpose of a distribution to the
public. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale or any acceptance
of an offer to buy these securities in any province of Canada prior to the
time a receipt for the final prospectus or other authorization is obtained
from the securities commission or similar authority in such province.

For further information:

For further information: Asif Khan, Chairman & CEO, frontierAlt Capital
Corporation, Tel: (416) 623-3161, Fax: (416) 360-6202, email:; Kurankye Sekyi-Otu, Executive Vice-President,
frontierAlt Capital Corporation, Tel: (416) 623-3171, Fax: (416) 360-6202,

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