Document:

Filed by Automated Filing Services Inc. (604)609-0244 - Fronteer Development Group Inc. - Exhibit 4.1

 EXHIBIT 4.1

 FRONTEER DEVELOPMENT GROUP INC. 

  2007 STOCK OPTION PLAN

1. The Purpose of the Plan

1.1 The purpose of the Plan is to attract, retain and motivate persons as key Service Providers to the Corporation and its Affiliates and to advance the interests of the Corporation by providing such persons with the opportunity, through share
options, to acquire a proprietary interest in the Corporation.

2. Defined Terms

Where used herein, the following terms shall have the following meanings, respectively:

2.1 “Affiliate” means any corporation which is an affiliate, as such term is used in Subsection 1(2) of the Ontario Business Corporations Act, of the Corporation;

2.2 “Associates” has the meaning ascribed thereto in the Securities Act (Ontario);

2.3 “Board” means the board of directors of the Corporation or, if established and duly authorized to act, the Executive Committee of the board of directors of the Corporation;

2.4 “Committee” shall have the meaning attributed thereto in Section 3.1 hereof;

2.5 “Corporation” means Fronteer Development Group Inc. and includes any successor corporation thereof;

 2.6 “Eligible Person” means:

(a) any director, officer or employee of the Corporation
  or any Affiliate, or any other Service Provider (an “Eligible Individual”);
  or

(b) a corporation controlled by an Eligible Individual,
  the issued and outstanding voting shares of which are, and will continue to
  be, beneficially owned, directly or indirectly, by such Eligible Individual
  and/or the spouse, children and/or grandchildren of such Eligible Individual
  (an “Employee Corporation”);

2.7 “Insider” means any insider, as such term is defined in Subsection 1(1) of the Securities Act (Ontario), of the Corporation, other than a person who falls within that definition solely by virtue of being a director or
senior officer of an Affiliate, and includes any associate, as such term is defined in Subsection 1(1) of the Securities Act (Ontario), of any such insider;

2.8 “Market Price” at any date in respect of the Shares means the closing sale price of such Shares on The Toronto Stock Exchange (or, if such Shares are not then listed and posted for trading on The Toronto Stock Exchange, on such
stock exchange in Canada on which such Shares are listed and posted for trading as may be selected for such purpose by the Board) on the trading day immediately preceding such date. In the event that such Shares did not trade on such trading day,
the Market Price shall be the average of the bid and ask prices in respect of such Shares at the close of trading on such trading day. In the event that such Shares are not listed and posted for trading on any stock exchange, the Market Price shall
be the fair market value of such Shares as determined by the Board in its sole discretion;

2.9 “Maximum Term” means with respect to an Option, the later of (i) the date which is 10 years from the date of the grant of the Option; and (ii) the date which is the fifth day following the conclusion of a self-imposed blackout
period of the Corporation which is in effect on the date which is 10 years from the date of the grant of the Option;

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2.10 “Option” means an option to purchase Shares granted to an Eligible Person under the Plan;

2.11 “Option Price” means the price per Share at which Shares may be purchased under an Option, as the same may be adjusted from time to time in accordance with Article 8 hereof;

2.12 “Optioned Shares” means the Shares issuable pursuant to an exercise of Options;

2.13 “Optionee” means an Eligible Person to whom an Option has been granted and who continues to hold such Option;

2.14 “Plan” means this 2007 Stock Option Plan, as the same may be amended or varied from time to time;

 2.15 “Service Provider” means:

(a) an employee or Insider of the Corporation or any
  Affiliate; or

(b) any person or company engaged to provide management
  or consulting services for the Corporation or for any entity controlled by the
  Corporation other than any director, officer or employee of the Corporation
  or any Affiliate;

2.16 “Share Compensation Arrangement” means a stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism of the Corporation involving the issuance or potential issuance of shares
to one or more Service Providers, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guaranty or otherwise; and

2.17 “Shares” means the common shares of the Corporation or, in the event of an adjustment contemplated by Article 8 hereof, such other shares or securities to which an Optionee may be entitled upon the exercise of an Option as a
result of such adjustment.

3. Administration of the Plan

3.1 The Plan shall be administered by the Board or by any committee (the “Committee”) of the Board established by the Board for that purpose.

 3.2 The Board or Committee shall have the power, where consistent
  with the general purpose and intent of the Plan and subject to the specific
  provisions of the Plan:

(a) to establish policies and to adopt rules and regulations
  for carrying out the purposes, provisions and administration of the Plan;

(b) to interpret and construe the Plan and to determine
  all questions arising out of the Plan or any Option, and any such interpretation,
  construction or determination made by the Board or the Committee shall be final,
  binding and conclusive for all purposes;

(c) to determine the number of Shares covered by each
  Option;

(d) to determine the Option Price of each Option;

(e) to determine the time or times when Options will
  be granted and exercisable;

(f) to determine if the Shares which are issuable on
  the exercise of an Option will be subject to any restrictions upon the exercise
  of such Option; and

(g) to prescribe the form of the instruments relating
  to the grant, exercise and other terms of Options.

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 3.3 The Board or the Committee may, in its discretion, require
  as conditions to the grant or exercise of any Option that the Optionee shall
  have:

(a) represented, warranted and agreed in form and substance
  satisfactory to the Corporation that he or she is acquiring and will acquire
  such Option and the Shares to be issued upon the exercise thereof or, as the
  case may be, is acquiring such Shares, for his or her own account, for investment
  and not with a view to or in connection with any distribution, that he or she
  has had access to such information as is necessary to enable him or her to evaluate
  the merits and risks of such investment and that he or she is able to bear the
  economic risk of holding such Shares for an indefinite period;

(b) agreed to restrictions on transfer in form and substance
  satisfactory to the Corporation and to an endorsement on any option agreement
  or certificate representing the Shares making appropriate reference to such
  restrictions; and

(c) agreed to indemnify the Corporation in connection
  with the foregoing.

3.4 Any Option granted under the Plan shall be subject to the requirement that, if at any time counsel to the Corporation shall determine that the listing, registration or qualification of the Shares subject to such Option upon any securities
exchange or under any law or regulation of any jurisdiction, or the consent or approval of any securities exchange or any governmental or regulatory body, is necessary as a condition of, or in connection with, the grant or exercise of such Option or
the issuance or purchase of Shares thereunder, such Option may not be accepted or exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained on conditions acceptable to
the Board or the Committee. Nothing herein shall be deemed to require the Corporation to apply for or to obtain such listing, registration, qualification, consent or approval.

3.5 Without limiting the generality of Sections 3.3, 3.4 and 7.2 hereof, unless a registration statement relating to the Shares covered by any Option issued in favour of an Optionee resident in the United States of America has been filed with the
United States Securities and Exchange Commission and is effective on the date of exercise, or, in the opinion of counsel to the Corporation, an exemption therefrom is available, the exercise of the Option by such Optionee will be contingent upon
receipt from the Optionee of a representation in writing satisfactory to the Board or the Committee that at the time of such exercise it is the Optionee's then intention to acquire the Shares being purchased for investment and not for resale or
other distribution thereof to the public in the United States of America. If such representation in writing is required, the Board or the Committee may in its discretion inscribe an investment legend on the share certificates issued pursuant to the
exercise of the Option. The issuance of Shares upon the exercise of the Option shall be subject to all applicable laws, rules and regulations and Shares shall not be issued except upon the approval of proper government agencies or stock exchanges as
may be required. Provided, however, no Option shall be exercisable if at any date of exercise, it is the opinion of counsel for the Corporation that registration of the said Shares under the Securities Act of 1933 or other applicable statute or
regulation is required and the Option shall again become exercisable only if the Corporation elects to and thereafter effects a registration of the Shares subject to the Option under the United States Securities Act of 1933, as amended or other
applicable statute or regulation within the period of the Option. If the Option may not be exercised, the Corporation shall return to the Optionee, without interest or deduction, any funds received by it in connection with the proposed exercise of
the Option.

4. Shares Subject to the Plan

4.1 Options may be granted in respect of authorized and unissued Shares, provided that the aggregate number of Shares reserved for issuance upon the exercise of all Options granted under the Plan, subject to any adjustment of such number pursuant to
the provisions of Article 8 hereof, shall not exceed 10% of the total number of Shares issued and outstanding from time to time. Optioned Shares in respect of which Options are not exercised because the relevant Options expire or are cancelled,
shall be available for issue upon the exercise of subsequent grants of Options. No fractional Shares may be purchased or issued under the Plan. In the event the number of Shares to be issued upon the exercise of an Option is a fraction, the Optionee
will receive the next lowest whole number of Shares and will not receive any other form of compensation (cash or otherwise) for the fractional interest.

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5. Eligibility; Grant; Terms of Options

5.1 Options may be granted by the Board or the Committee to any Eligible Person.

5.2 Subject as herein and otherwise specifically provided in this Article 5, the number of Shares subject to each Option, the Option Price of each Option, the expiration date of each Option, the extent to which each Option is exercisable from time
to time during the term of the Option and other terms and conditions relating to each such Option shall be determined by the Board or the Committee.  The Board or the Committee may, in their entire discretion, subsequent to the grant of Options
hereunder, permit an Optionee to exercise any or all of the unvested options then outstanding and granted to the Optionee under this Plan, in which event all such unvested Options then outstanding and granted to the Optionee shall be deemed to be
immediately exercisable during such period of time as may be specified by the Board or the Committee.

5.3 Subject to any adjustments pursuant to the provisions of Article 8 hereof, the Option Price of any Option shall in no circumstances be lower than the Market Price on the trading day immediately preceding the day upon which the Option is granted.
If, as and when any Shares have been duly purchased and paid for under the terms of an Option and all conditions relating to the exercise of an Option have been fulfilled to the satisfaction of the Board or the Committee, such Shares shall be
conclusively deemed allotted and issued as fully paid non-assessable Shares at the price paid therefor.

5.4 The term of an Option shall not exceed the Maximum Term.

5.5 No Options shall be granted to any Optionee if the total number of Shares issuable to such Optionee under this Plan, together with any Shares reserved for issuance to such Optionee under options for services or any other stock option plans,
would exceed 5% of the issued and outstanding Shares.

5.6 An Option is personal to the Optionee and non-assignable (whether by operation of law or otherwise), except as provided for herein. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of an Option contrary to the
provisions of the Plan, or upon the levy of any attachment or similar process upon an Option, the Option shall, at the election of the Corporation, cease and terminate and be of no further force or effect whatsoever.

 5.7 Subject to regulatory approval and unless approved by
  the shareholders of the Corporation given by the affirmative vote of a majority
  of the votes cast at a meeting of shareholders of the Corporation, excluding
  the votes attached to shares beneficially owned by (a) Insiders to whom options
  may be granted under this Plan, other than persons who are Insiders solely by
  virtue of being a director or senior officer of a subsidiary of the Corporation;
  and (b) Associates of persons referred to in (a) above:

(a) the number of Shares reserved for issuance pursuant
  to Options or other stock options granted to Insiders and under all other Share
  Compensation Arrangements may not exceed 10% of the issued and outstanding Shares;

(b) the issuance of Shares to Insiders under this Plan
  and under all other Share Compensation Arrangements, within a one-year period,
  may not exceed 10% of the issued and outstanding Shares; and

(c) the issuance of Shares to any one Insider and such
  Insider's Associates under this Plan and under all other Share Compensation
  Arrangements, within a one-year period, may not exceed 5% of the issued and
  outstanding Shares.

     For the purposes of this Section 5.7, the phrase “issued and outstanding Shares” excludes any Shares issued pursuant to the Plan or other Share Compensation Arrangements.

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6. Termination of Employment; Death

6.1 Subject to Sections 6.2 and 6.3 hereof and to any express resolution passed by the Board or the Committee with respect to an Option, an Option and all rights to purchase Shares pursuant thereto shall expire and terminate immediately upon the
Optionee who holds such Option ceasing to be an Eligible Person.

 6.2 Subject to Section 6.3, if an Optionee shall cease to
  be an Eligible Person while holding an Option which has not been fully exercised,
  such Optionee may, with the consent of the Board or Committee, exercise the
  Optionee’s Options that have vested at the date the Optionee ceases to
  be an Eligible Person at any time up to and including, but not after the earlier
  of: 

(a) ninety days of the date the Optionee ceased to be
  an Eligible Person; and

(b) the expiry date of the Optionee’s Options,

but only to the same extent to which the Optionee could
  have exercised the Option immediately before the date the Optionee ceased to
  be an Eligible Person.

 6.3 If an Optionee shall die holding an Option which has not
  been fully exercised, his personal representatives, heirs or legatees may, with
  the consent of the Board or Committee, exercise the Optionee’s Options
  that have vested at the date of the Optionee’s death at any time up to
  and including, but not after the earlier of: 

(a) one year from the date of the Optionee’s death;
  or 

(b) the expiry date of the Optionee’s Option,

but only to the same extent to which the deceased Optionee
  could have exercised the Option immediately before the date of such death.

6.4 For greater certainty, Options shall not be affected by any change of employment of the Optionee or by the Optionee ceasing to be a director of the Corporation provided that the Optionee continues to be an Eligible Person.

6.5 If the Optionee is an Employee Corporation, the references to the Optionee in this Article 6 shall be deemed to refer to the Eligible Individual associated with the Employee Corporation.

7. Exercise of Options

7.1 Subject to the provisions of the Plan, an Option may be exercised from time to time by delivery to the Corporation of a written notice of exercise addressed to the Secretary of the Corporation specifying the number of Shares with respect to
which the Option is being exercised. Such notice shall be delivered to the office of the Corporation specified in the Option (or such other office as may be notified from time to time by the Corporation to the Optionee for the receipt of such
notices) and accompanied by payment in full, by cash or cheque or other form of cash payment acceptable to the Corporation, of the Option Price of the Shares then being purchased. Subject to any provisions of the Plan or the Option to the contrary,
certificates for such Shares shall be issued and delivered to the Optionee within a reasonable time following the receipt of such notice and payment.

7.2 Notwithstanding any of the provisions contained in the Plan or in any share option agreement, the Corporation's obligation to issue Shares to an Optionee pursuant to the exercise of any Option shall be subject to:

(a) completion of such registration or other qualification of such Shares or obtaining approval of such governmental or regulatory authority as the Corporation shall determine to be necessary or advisable in connection with the authorization,
issuance or sale thereof;

(b) the admission of such Shares to listing on any stock exchange on which the Shares may then be listed;

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(c) the receipt from the Optionee of such representations, warranties, agreements and undertakings, as the Corporation determines to be necessary or advisable in order to safeguard against the violation of the securities laws of any jurisdiction;
and

(d) the satisfaction of any conditions on exercise prescribed pursuant to Article 3 hereof.

7.3 Options shall be evidenced by a written option agreement, instrument or certificate in such form as is inconsistent with this Plan as the Board or the Committee may from time to time determine.

8. Adjustments to Options

8.1 In the event that the Shares are at any time changed or affected as a result of the declaration of a stock dividend thereon or their subdivision or consolidation, the number of Shares reserved for issue upon the exercise of an Option shall be
adjusted accordingly by the Board or the Committee to such extent as the Board or the Committee deems appropriate in its absolute discretion. In such event, the number of, and the price payable for, any Shares that are then subject to Option may
also be adjusted by the Board or the Committee to such extent, if any, as the Board or the Committee deems appropriate in its absolute discretion.

8.2 If at any time after the grant of an Option to any Optionee and prior to the expiration of the term of such Option, the Shares shall be reclassified, reorganized or otherwise changed, otherwise than as specified in Section 8.1 or, subject to the
provisions of Subsection 9.2(a) hereof, the Corporation shall consolidate, merge or amalgamate with or into another corporation (the corporation resulting or continuing from such consolidation, merger or amalgamation being herein called the
“Successor Corporation”) the Optionee shall be entitled to receive upon the subsequent exercise of his or her Option in accordance with the terms hereof and shall accept in lieu of the number of Shares to which he or she was
theretofore entitled upon such exercise but for the same aggregate consideration payable therefor, the aggregate number of shares of the appropriate class and/or other securities of the Corporation or the Successor Corporation (as the case may be)
and/or other consideration from the Corporation or the Successor Corporation (as the case may be) that the Optionee would have been entitled to receive as a result of such reclassification, reorganization or other change or, subject to the
provisions of Subsection 9.2(a) hereof, as a result of such consolidation, merger or amalgamation, if on the record date of such reclassification, reorganization or other change or the effective date of such consolidation, merger or amalgamation, as
the case may be, he or she had been the registered holder of the number of Shares to which he or she was theretofore entitled upon such exercise.

9. Amendment or Discontinuance of the Plan

 9.1 The Board may amend the Plan at any time, provided, however,
  that no such amendment may materially and adversely affect any Option previously
  granted to an Optionee without the consent of the Optionee, except to the extent
  required by law. Any such amendment shall be subject to the receipt of requisite
  regulatory approval including, without limitation, the approval of any stock
  exchange upon which the Shares may trade from time to time, provided, however,
  that no such amendment may: (i) increase the maximum number of Shares that may
  be optioned under the Plan; or (ii) change the manner of determining the minimum
  Option Price, unless shareholder and regulatory approval is obtained. Any amendments
  to the terms of an Option shall also require regulatory approval, including
  without limitation, the approval of any stock exchange upon which the Shares
  may trade from time to time. For greater certainty, the Board may make the following
  amendments without seeking the approval of the shareholders of the Corporation:

(a) amendments to the Plan to rectify typographical
  errors and/or to include clarifying provisions for greater certainty;

(b) amendments to the vesting provisions of a security
  or the Plan;

(c) amendments to the termination provisions of a security
  or a Plan which does not entail an extension beyond the original expiry date
  thereof;

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(d) amendments to the exercise price (so long as any
  reduction does not cause the exercise price to go below the current Market Price)
  unless such amendment would benefit Insiders; and

(e) the inclusion of cashless exercise provisions in
  the Plan or in any option granted thereunder, which provide for a full deduction
  of the number of underlying securities from the Plan reserve.

 9.2 Notwithstanding anything contained to the contrary in
  this Plan or in any resolution of the Board in implementation thereof:

(a) in the event the Corporation proposes to amalgamate,
  merge or consolidate with any other corporation (other than a wholly-owned subsidiary)
  or to liquidate, dissolve or wind-up, or in the event an offer to purchase or
  repurchase the Shares or any part thereof shall be made to all or substantially
  all holders of Shares, the Corporation shall have the right, upon written notice
  thereof to each Optionee holding Options under the Plan with the approval of
  the Board or Committee: 

(i) to permit the Optionees to exercise the Options
  granted under the Plan, as to all or any of the optioned Shares in respect of
  which such Option has not previously been exercised (regardless of any vesting
  restrictions), during the period specified in the notice (but in no event later
  than the expiry date of the Option), so that the Optionees may participate in
  such transaction, offer or proposal; and 

(ii) to accelerate the time for the exercise of the
  said Options and the time for the fulfilment of any conditions or restrictions
  on such exercise;

(b) should changes be required to the Plan by any securities
  commission, stock exchange or other governmental or regulatory body of any jurisdiction
  to which the Plan or the Corporation now is or hereafter becomes subject, such
  changes shall be made to the Plan as are necessary to conform with such requirements
  and, if such changes are approved by the Board, the Plan, as amended, shall
  be filed with the records of the Corporation and shall remain in full force
  and effect in its amended form as of and from the date of its adoption by the
  Board; and

(c) the Board may at any time by resolution amend or terminate this Plan.  Where amended, such amendment shall be subject to regulatory approval. 

10. Vesting

10.1 The Board or the Committee may, in its entire discretion, at the time of the granting of Options hereunder, determine that provisions relating to the vesting of Options be contained in a written option agreement between the Corporation and the
Optionee.

11. Miscellaneous Provisions

11.1 An Optionee shall not have any rights as a shareholder of the Corporation with respect to any of the Shares covered by such Option until the date of issuance of a certificate for Shares upon the exercise of such Option, in full or in part, and
then only with respect to the Shares represented by such certificate or certificates. Without in any way limiting the generality of the foregoing, no adjustment shall be made for dividends or other rights for which the record date is prior to the
date such share certificate is issued.

11.2 Nothing in the Plan or any written option agreement shall confer upon an Optionee any right to continue or be re-elected as a director of the Corporation or any right to continue in the employ of the Corporation or any Affiliate, or affect in
any way the right of the Corporation or any Affiliate to terminate his or her employment at any time; nor shall anything in the Plan or any written option agreement be deemed or construed to constitute an agreement, or an expression of intent, on
the part of the Corporation or any Affiliate, to extend the employment of any Optionee beyond the time which he or she would normally be retired pursuant to the provisions of any present or future retirement plan of the Corporation or any Affiliate
or any present or future retirement policy of the 

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Corporation or any Affiliate, or beyond the time at which he or she would otherwise be retired pursuant to the provisions of any contract of employment with the Corporation or any Affiliate.

11.3 Notwithstanding Section 5.6 hereof, Options may be transferred or assigned between an Eligible Individual and the related Employee Corporation provided the assignor delivers notice to the Corporation prior to the assignment and the Board or the
Committee approves such assignment. The Board or the Committee may decline to approve any such transfer or assignment in its sole discretion.

11.4 The Plan and all matters to which reference is made herein shall be governed by and interpreted in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein.

12. Shareholder and Regulatory Approval

12.1 The Plan and the exercise of any Options granted under the Plan shall be subject to approval by the shareholders of the Corporation to be effected by a resolution passed at a meeting of the shareholders of the Corporation, and to acceptance by
The Toronto Stock Exchange and any other relevant regulatory authority.

 8Filed by Automated Filing Services Inc. (604)609-0244 - Fronteer Development Group Inc. - Exhibit 4.2

 EXHIBIT 4.2

 FRONTEER DEVELOPMENT GROUP INC. 

  (an Ontario corporation)

 ACQUISITION PERFORMANCE INCENTIVE SHARE PLAN

1. PURPOSE

     The purpose of this Acquisition Performance Incentive Share Plan (the “Plan”) is to provide existing optionholders of NewWest Gold Corporation (“NewWest”) and its subsidiaries with
replacement stock options (the “Options”) to purchase common shares (“Common Shares”) of Fronteer Development Group Inc. (“Fronteer”) in replacement of stock options of NewWest (the
“Original Options”) currently held, all further to the plan of arrangement (the “Plan of Arrangement”) effected pursuant to the order of the Supreme Court of British Columbia dated September 19, 2007 (the
“Final Order”).

2. DEFINITIONS

 Unless otherwise defined herein, the following terms have
  the following meanings: 

“affiliate” has the meaning given to
  “affiliated companies” in the Securities Act (Ontario). 

“associate” has the meaning given in
  the Securities Act (Ontario).

“Board” means the board of directors
  of Fronteer, and, where applicable, includes a committee of the board of directors
  authorized to administer this Plan.

“Compensation Committee” means the
  Compensation Committee of the Board, or if such committee is not yet created
  or is dissolved, then any such reference shall be to the Board.

“insider” means an insider as defined
  in the Securities Act (Ontario) and includes an associate or affiliate
  of an insider.

“outstanding shares” means that number
  of Common Shares issued and outstanding, on a non-diluted basis, at any point
  in time as confirmed by the transfer agent and registrar for the Common Shares.

“Participant” has the meaning set out
  in Section 6.

“service provider” means officers,
  directors and employees of NewWest and/or Fronteer and their affiliates, and
  any other similar persons permitted by the applicable requirements, rules or
  regulations of the TSX or applicable law.

“security based compensation arrangement”
  has the meaning given in Section 613(b) of the TSX Company Manual, and includes
  this Plan.

“subsidiary” has the meaning given
  to such term in National Instrument 45-106 – Prospectus and Registration
  Exemptions (“NI 45-106”), and any instrument in
  amendment thereto or replacement thereof.

“TSX” means the Toronto Stock Exchange.

3. ADMINISTRATION

	 	 (a) 	 The Plan shall be administered by the Compensation
        Committee.

	 	 (b) 	 The interpretation, construction and application of
        the Plan shall be made by the Compensation Committee and shall be final
        and binding on all holders of Options granted under the Plan and all persons
        eligible to participate under the provisions of the Plan.

	 	 	 
	 	 (c) 	 No member of the Compensation Committee or any other
        members of the Board shall be liable for any action or determination taken
        or made in good faith in the administration, interpretation, construction
        or application of the Plan or any Options granted under it.

4. SHARES SUBJECT TO THE PLAN

	 	 (a) 	 Subject to adjustment under the provisions of section
        15 hereof, the aggregate number of Common Shares that may be issuable
        pursuant to Options granted under this Plan is fixed at 518,050, as adjusted
        as needed in Section 15 of this Plan.

	 	 	 
	 	 (b) 	 The Board (as recommended by the Compensation Committee)
        shall allot, set aside and reserve for issuance for the purpose of this
        Plan a sufficient number of Common Shares such that the number of Common
        Shares issuable under Section 4(a) shall be properly allotted, set aside
        and reserved for issuance.

5. LIMITS WITH RESPECT TO INSIDERS

	 	 (a) 	 The maximum number of Common Shares which may be reserved
        for issuance at any time to any one service provider (including
        an insider of Fronteer) under the Plan, together with any other security
        based compensation arrangements of Fronteer, shall not exceed 5% of the
        then outstanding Common Shares.

	 	 	 
	 	 (b) 	 The maximum number of Common Shares which may be reserved
        for issuance to all insiders of Fronteer under this Plan, together
        with any other security based compensation arrangement of Fronteer, shall
        not, at any time, exceed ten percent (10%) of the then outstanding Common
        Shares.

	 	 	 
	 	 (c) 	 The maximum number of Common Shares which may be issued
        to all insiders of Fronteer under this Plan, together with any
        other security based compensation arrangement of Fronteer, within any
        one year period, shall not exceed ten percent (10%) of the then outstanding
        Common Shares.

6. ELIGIBILITY AND GRANT OF OPTIONS 

	 	 (a) 	 Options shall be granted only to service providers,
        or to affiliates controlled by a service provider, or to a registered
        retirement savings plan established by a service provider (collectively,
        “Participants”), and provided that in each case, the
        service provider is a service provider of, or to, NewWest and/or Fronteer
        or their affiliates at the time of the grant.

	 	 	 
	 	 (b) 	 Subject to the foregoing and to subsection 6(d) below,
        the Compensation Committee shall have full and final authority to determine
        the Participants who are to be granted Options under the Plan and the
        number of Common Shares subject to each grant. Subject to Subsection 15(a),
        Options granted under the Plan shall be for Common Shares only, and for
        no other security.

	 	 	 
	 	 (c) 	 Unless limited by the terms of the Plan, any regulatory
        or stock exchange requirement or decision of the Board, the Compensation
        Committee shall have full and final authority to determine the terms and
        conditions attached to any grant of Options under this Plan.

	 	 	 
	 	 (d) 	 Fronteer may only grant Options pursuant to resolutions
        of the Board, as recommended by the Compensation Committee, all in accordance
        with the Plan of Arrangement.

	 	 	 
	 	 (e) 	 Any Option granted under the Plan shall be subject
        to the requirement that, if at any time Fronteer shall determine that
        the listing, registration or qualification of the Common Shares subject
        to such

			 Option, or such Option itself, upon any securities
        exchange or under any law or regulation of any jurisdiction, or the consent
        or approval of any securities exchange or any governmental or regulatory
        body, is necessary as a condition of, or in connection with, the grant
        or exercise of such Option or the issuance or purchase of Common Shares
        thereunder, such Option may not be granted, accepted or exercised in whole
        or in part unless such listing, registration, qualification, consent or
        approval shall have been effected or obtained on conditions acceptable
        to the Board. For certainty, it is expressly stated that Fronteer may
        grant Options, and issue Common Shares on exercise thereof, to Participants
        resident in jurisdictions in Canada only where NI 45-106 has been complied
        with. However, nothing herein shall be deemed or construed to require
        Fronteer to apply for or to obtain such listing, registration, qualification,
        consent or approval.

	 	 	 
	 	 (f) 	 Fronteer shall complete and file, in accordance with
        applicable law, or shall cause to be completed and filed, all notices,
        reports, filings or other documentation required by applicable law, regulatory
        requirement or stock exchange rule, in connection with a grant of Options
        or an issuance or purchase of Common Shares thereunder.

7. PRICE

	 	 (a) 	 The exercise price per Common Share that is subject
        of any Option shall be fixed by the Compensation Committee (subject to
        approval by the Board) when such Option is granted, in each case in accordance
        with the Plan of Arrangement and Section 7(b) below.

	 	 	 
	 	 (b) 	 For greater certainty, the exercise price per Common
        Share that is subject of any Option shall be an amount (rounded up to
        the nearest one-hundredth of a dollar) equal to the quotient of (A) the
        exercise price per common share of NewWest issuable upon exercise of the
        corresponding Original Option immediately before the Effective Time (as
        defined in the Plan of Arrangement) divided by (B) 0.26. In the event
        of any conflict between the provisions of this Plan and the Plan of Arrangement,
        the Plan of Arrangement shall prevail.

	 	 	 
	 	 (c) 	 Subject to the foregoing, the price per Common Share
        will be expressed in United States dollars, or at the sole discretion
        of the Compensation Committee, in Canadian dollars. However, the price
        per Common Share may be expressed in Canadian dollars only if the Compensation
        Committee receives advice from its tax advisers that doing so will not
        likely expose any Participant to any additional tax, interest, or penalties
        under § 409A of the United States Internal Revenue Code of 1986 (the
        “Code”).

8. PERIOD OF OPTION AND RIGHTS TO EXERCISE

	 	 (a) 	 Subject to the provisions of this section 8 and sections
        9 and 10 below, Options will be exercisable in whole or in part, and from
        time to time, at any time following the date of grant and prior to the
        expiry of their term.

	 	 	 
	 	 (b) 	 Options shall not be granted for a term exceeding
        the lesser of (i) the original term of the corresponding Original Option;
        and (ii) one year with respect to Options granted to persons who are or
        were directors of NewWest, and five years with respect to Options granted
        to persons who are or were other service providers of NewWest.

	 	 	 
	 	 (c) 	 All Options shall vest immediately upon grant.

	 	 	 
	 	 (d) 	 The Common Shares to be purchased upon each exercise
        of an Option shall be paid for in full by the Participant at the time
        of exercise.

	 	 	 
	 	 (e) 	 Except as provided in paragraph 9 below, no Option
        which is held by a Participant may be exercised unless the Participant
        is then a service provider, and in the case of an employee, the employee
        has been continually employed by NewWest and/or Fronteer since the date
        of the grant

of the corresponding Original Option, but provided
  that an authorized absence of leave shall not be considered an interruption
  of employment for purposes of the Plan.

9. CESSATION OF PROVISION OF SERVICES

	 	 (a) 	 Death or Retirement of Participant. Subject
        to section 10 below, in the event of the death or retirement of a Participant
        during the term of the Participant’s Option, all or any part of the
        Option theretofore granted to the Participant shall be exercisable within,
        but only within, the period of one year next succeeding the Participant’s
        death or retirement, and in no event after the expiry date of the Option.
        Before expiry of an Option under this paragraph 9(a), Fronteer shall notify
        the Participant’s representative in writing of such expiry no less
        than twenty (20) days prior to its expiry.

	 	 	 
	 	 (b) 	 Termination of Employment or Office. Subject
        to section 10 below, and this section 9, if any Participant shall cease
        to be a service provider, for any reason, other than for cause, death
        or retirement, he or she may, but only within a period of sixty (60) days
        from the date of his or her termination as an officer, director or employee,
        and in no event after the expiry of the Option, exercise all or any part
        of the Options exercisable within such sixty (60) day period and otherwise
        in accordance with the Plan. Before expiry of an Option under this paragraph
        9(b), Fronteer shall notify the former Participant in writing of such
        expiry no less than five (5) days prior to its expiry. In the event of
        termination for cause, the Options of the Participant not exercised at
        such time shall immediately be cancelled on the date of termination and
        be of no further force or effect whatsoever.

	 	 	 
	 	 (c) 	 Formers Directors of NewWest. Notwithstanding
        the foregoing, paragraph 9(b) shall not apply in the case of current or
        former directors of NewWest who cease to be directors of NewWest concurrently
        with or following the Effective Date (as defined in the Plan of Arrangement),
        which directors shall have one year from the Effective Date to exercise
        their Options, but in no event after the expiry of the term of the Option.

	 	 	 
	 	 (d) 	 Other. If any Participant shall cease to be
        a service provider for any reason other than provided for in this section
        9, the Options of the Participant not exercised at such time shall immediately
        be cancelled and be of no further force or effect whatsoever.

10. EXTENSION OF OPTION

     In addition to the provisions of section 9, the Compensation Committee (subject to the approval of the Board) may extend the period of time within which an Option held by a deceased Participant may be exercised or
within which an Option may be exercised by Participant who has ceased to be a service provider, but such an extension shall not be granted beyond the original expiry date of the Option. Any extensions of Options granted under the Plan are subject to
any applicable regulatory or stock exchange approvals required at such time. Such extensions will not be granted unless the Compensation Committee receives advice from its advisors that such extension will not likely result in the application of
§ 409A of the Code to any Participant.

11. NON-TRANSFERABILITY OF OPTION

     No Option granted under the Plan shall be assignable or transferable otherwise than by will or by the laws of descent and distribution, and such Option shall be exercisable, during a Participant’s lifetime, only by
the Participant (subject to subsection 9(a)).

12. AMENDMENT AND TERMINATION OF THE PLAN

	 	 (a) 	 Subject to subsection 12(b), the Board may at any
        time, and from time to time, and without shareholder approval, amend any
        provision or terminate the Plan, subject to any regulatory or stock exchange
        requirement at the time of such amendment or termination.

	 	 (b) 	 Notwithstanding subsection 12(a) the Board shall not
        amend Subsection 4(a), Section 5, Section 7, or this Section 12, without
        first having obtained the approval of a majority of the holders of Common
        Shares at a duly called and held meeting of holders of Common Shares.

	 	 	 
	 	 (c) 	 Any amendment or termination shall not alter the terms
        or conditions of any Option grant or impair any right of any optionholder
        pursuant to any Option granted prior to such amendment or termination.

	 	 	 
	 	 (d) 	 Notwithstanding the foregoing, the Plan will automatically
        terminate when, and if, any of the authorizations required to authorize
        the Plan shall cease.

13. EXERCISE OF OPTION

	 	 (a) 	 An Option may be exercised from time to time by delivering
        to Fronteer at its head office, a written notice of exercise specifying
        the number of Common Shares with respect to which the Option is being
        exercised and accompanied by payment for the full amount of the purchase
        price of the Common Shares then being purchased.

	 	 	 
	 	 (b) 	 Upon receipt of a certificate of an authorized officer
        directing the issue of Common Shares purchased under the Plan, the transfer
        agent of Fronteer is authorized and directed to issue and countersign
        share certificates for the purchased Common Shares in the name of the
        Participant or the Participant’s legal personal representative or
        as may otherwise be directed in writing by the Participant, including
        into a book-entry system, if requested.

	 	 	 
	 	 (c) 	 Notwithstanding paragraph 6(f), Fronteer shall not,
        upon the exercise of any Option, be required to register, issue or deliver
        any Common Shares prior to (a) the admission of such Common Shares to
        listing on any stock exchange on which the Common Shares may then be listed,
        and (b) the completion of such registration or other qualification of
        such Common Shares under any law, rules or regulation as Fronteer shall
        determine to be necessary or advisable (including, without limitation,
        NI 45-106). If any Common Shares cannot be registered, issued or delivered
        to any Participant for whatever reason, the obligation of Fronteer to
        issue such Common Shares shall terminate and any exercise price paid to
        Fronteer in respect of any Option shall be returned to the Participant
        without deduction.

14. TAX WITHHOLDING

     Each Participant agrees that, if and to the extent permitted or required by law, the Corporation shall withhold or require payment by such Participant of any federal, state, or local taxes resulting from the exercise of
an Option; provided, however, that to the extent permitted by law, the Board may, in its sole and unfettered discretion, permit some or all of such withholding obligation to be satisfied by delivery to the Corporation by the Participant of, or the
retention by the Corporation of, Common Shares.

15. ADJUSTMENTS IN SHARES SUBJECT TO THE PLAN

	 	 (a) 	 Subject to this section 15, the aggregate number and
        kind of shares or other securities available or issuable under the Plan
        shall be appropriately and equitably adjusted in the event of an arrangement,
        reorganization, recapitalization, stock split, stock dividend, combination
        of shares, merger, consolidation, rights offering or any other change
        in the corporate structure or shares or other securities of Fronteer.
        The Options granted under the Plan may contain such provisions as the
        Board may determine with respect to adjustments to be made in the number
        and kind of shares covered by such Options and in the Option price in
        the event of any such change. For greater certainty, notwithstanding any
        other provision of this Plan, no adjustment shall be made to the terms
        of any Option granted hereunder that results in the Participants having
        additional or greater benefits than those attached to the Original Options
        as a result of or in connection with the Plan of Arrangement, other than
        the adjustment upon grant of the number of Common Shares subject to

the Options and the exercise price of such Options which shall be in accordance with the Plan of Arrangement.

	 	 (b) 	 If at any time when an Option granted under
        this Plan remains unexercised with respect to any Common Shares and:

	 	 	 	 
			 (i) 	 a bona fide offer is made by a third party
        that would result in a Change of Control; or

	 	 	 	 
			 (ii) 	 Fronteer proposes to merge, amalgamate or be absorbed
        by or into any other corporation (save and except for a subsidiary) under
        any circumstances which involve or may involve or require the liquidation
        of Fronteer, a distribution of its assets among its shareholders, or the
        termination of the corporate existence of Fronteer,

Fronteer shall use its best efforts to bring such offer
  or proposal to the attention of the Participants as soon as practicable and
  (x) an Option granted under this Plan may be exercised, as to all or any of
  the optioned Common Shares in respect of which such Option has not previously
  been exercised, by the optionee at any time up to and including (but not after)
  a date thirty (30) days following the date of the completion of such transaction
  or prior to the close of business on the expiry date of the Option, whichever
  is the earlier; and (y) Fronteer may, by Board resolution, require the acceleration
  of the time for the exercise of the said Option and of the time for the fulfilment
  of any conditions or restrictions on such exercise and such changes shall be
  final and binding on all Options granted to Participants under the Plan.

A “Change of Control” for purposes
  of this section 15 means:

(i) if one or more persons acting as a group: (A) acquires
  sufficient additional shares to constitute more than 50% of (1) the total fair
  market value of all issued and outstanding shares of Fronteer, or (2) the total
  voting power of all shares of Fronteer; (B) acquires, in a 12-month period,
  35% or more of the voting power of all shares of Fronteer; or (C) acquires,
  during a 12-month period, more than 40% of the total gross fair market value
  of all of Fronteer’s assets; and

(ii) if the majority of the members of Fronteer’s
  board of directors is replaced during any 12-month period by directors whose
  appointment was not endorsed by a majority of the members of the board.

Notwithstanding the foregoing, a Change of Control
  shall not be deemed to have occurred solely as a result of any transaction undertaken
  for the purpose of reincorporating Fronteer under the laws of another jurisdiction,
  if such transaction does not materially affect the beneficial ownership of Fronteer’s
  capital stock.

16. RIGHTS PRIOR TO EXERCISE

     A Participant shall have no rights whatsoever as a shareholder in respect of any Common Shares (including any right to receive dividends or other distributions therefrom or thereon) other than in respect of Common
Shares in respect of which the Participant shall have exercised the Option to purchase hereunder and which the Participant shall have actually taken up and paid for in full.

17. NO CONTINUED SERVICE

     The granting of an Option to a Participant under the Plan shall not impose upon Fronteer or NewWest any obligation whatsoever to retain the service provider as a service provider of Fronteer or NewWest.

18. GOVERNING LAW

This Plan shall be construed in accordance with and be governed by the laws of the Province of Ontario.

19. EXPIRY OF OPTION

     On the expiry date of any Option granted under the Plan, and subject to any extension of such expiry date permitted in accordance with the Plan, such Option shall forthwith expire and terminate and be of no further
force or effect whatsoever, or as to the Common Shares in respect of which the Option has not been exercised.

20. SECTION 409A

     It is the intention of Fronteer that payments or benefits payable under this Plan not be subject to the additional tax imposed pursuant to Section 409A of the Code. To the extent such potential payments or benefits
could become subject to such Section, Fronteer may, entirely at its discretion, attempt to give the Participant in the United States the economic benefits described herein in a manner that does not result in such tax being imposed. 

     Participants in the United States will be solely liable for any additional tax imposed under § 409A of the Code with respect to any Options issued under the Plan.

21. EFFECTIVE DATE OF THE PLAN

The Plan becomes immediately effective on the date that the last of the following approvals is received:

	 	 (a) 	 the approval of a majority of the Board as recommended
        by the Compensation Committee; and

	 	 	 
	 	 (b) 	 the Effective Date as defined in the Plan of Arrangement.

22. APPROVAL

	 	 (a) 	 This Plan was approved by resolution of the Board
        on August 16, 2007;

	 	 	 
	 	 (b) 	 This Plan was approved pursuant to the Final Order
        on September 19, 2007;

	 	 	 
	 	 (c) 	 The approvals of this Plan set forth in Subsection
        (a) above expire on the third anniversary of the date that the last of
        such approvals is granted.

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