CORRECTION - DRILL RESULTS

    CORRECTION - DRILL RESULTS
             



                    For Release: 24th APRIL 2008
                      FINDERS RESOURCES LIMITED
                                   
                     CORRECTION - DRILL RESULTS
            at Jambi Oxide Gold deposit, Ojolali Project
 
In a release on this topic to  the ASX and AIM markets on April  7th,
2008, the  company  reported  intercepts in  hole  BKJR126  as  being
located 80m to the north-east of any previously known  mineralization
at Jambi, as follows:

  * "The resource remains open to the north-east, south and at
    depth.  In particular, intercepts in hole BKJR126 (14m at 2.76
    g/t Au from the surface and 6m at 2.2 g/t Au from 20m) are
    located approximately 80m north-east of any previously known
    mineralization at Jambi."

This statement was  based on  incorrect location  data received  from
site, which placed the drill hole approximately 200m east of its true
position. The  revised position  for the  hole lies  within the  main
portion of the resource (see plan below).
The statement that the resource remains open to the north-east, south
and at depth remains correct.
 

+-------------------------------------------------------------+
| BKJR126  | Easting | Northing | RL  | Depth | Azimuth | Dip |
|----------+---------+----------+-----+-------+---------+-----|
| Previous | 446677  | 9483075  | 187 | 49    | 0       | -90 |
|----------+---------+----------+-----+-------+---------+-----|
| Revised  | 446,472 | 9483075  | 232 | 49    | 0       | -90 |
+-------------------------------------------------------------+

 
             Table 1. Corrected coordinates for BKJR126
 

File: Plan showing corrected position for BKJR126 

For further information please contact
 
Finders Resources Ltd:
Russell Fountain, Executive Chairman, [phone]
Chris Farmer, Managing Director, [e-mail]
 
Financial PR:
Doug Macdonald, [phone], Capital Group (in Australia)
Paddy Blewer or Nick  Elwes, [phone], College Hill (in  the
UK)
 
RFC Corporate Finance Ltd - Nomad and Corporate Adviser:
Rob Adamson, [phone] or Stuart Laing, + 61 8 9480 2500
 
 Statements by Finders Resources Ltd
Geological information in this  announcement is based on  information
compiled by Dr R Fountain. Dr Fountain is a Director of Finders and a
Fellow of the  Australasian Institute of  Geoscientists. Dr  Fountain
has  sufficient  experience  that  is  relevant  to  the  styles   of
mineralisation and types of deposits  under consideration and to  the
activity that he  is undertaking  to qualify as  Competent Person  as
defined in  the JORC  Code.  He consents  to  the inclusion  in  this
announcement of the matters based on his information in the form  and
context in which they appear.
All assaying  of  drill  core  samples  was  undertaken  by  the  ITS
laboratory in Jakarta. ITS is one of the world's largest product  and
commodity testing,  inspection and  certification organizations.  The
Jakarta laboratory is ISO 17025  accredited and employs a  Laboratory
Information Management  System (LIMS)  for sample  tracking,  quality
control and reporting. 
Statements in  this document  that  are forward-looking  and  involve
numerous risks and uncertainties that  could cause actual results  to
differ materially from  expected results are  based on the  Company's
current beliefs and assumptions regarding  a large number of  factors
affecting its  business. Actual  results may  differ materially  from
expected results. There can be no assurance that (i) the Company  has
correctly measured or  identified all  of the  factors affecting  its
business or  the extent  of their  likely impact,  (ii) the  publicly
available information  with respect  to these  factors on  which  the
Company's analysis  is  based  is complete  or  accurate,  (iii)  the
Company's analysis is correct or  (iv) the Company's strategy,  which
is based in part on this analysis, will be successful.
 
Background
 
Finders, listed on AIM and ASX,  is the operator of the Wetar  Copper
(~73% and  earning),  and  Ojolali  Gold-Silver  Projects  (72%  with
option) in Indonesia, and holds an investment in Geopacific Resources
NL, an ASX-listed company with  active exploration programs for  gold
and copper in Fiji.
At  the  Wetar  Copper  Project,  Finders  has  previously  announced
Measured, Indicated and Inferred Resources  at a 0.5% copper  cut-off
grade, of  9.8  million tonnes  at  2.5% copper  for  248,000  tonnes
contained copper  in  two  deposits, Kali  Kuning  and  Lerokis.  The
company is planning to  develop an open cut  heap leach SX-EW  copper
mining operation to  produce 20-25,000 tonnes  of cathode copper  per
year from mid 2009. A key component of the feasibility study for this
project is the construction of a semi-commercial scale test heap  and
pilot plant, designed to produce 5  tonnes per day of copper  cathode
from July 2008, with an estimated capital cost of US$6.25 million.
At the  Ojolali Project,  Finders has  previously announced  Inferred
Resources at the Jambi Oxide gold deposit  (3.2 Mt @ 1.0 g/t Au,  6.9
g/t Ag at a  0.5 g/t Au cut-off,  and including mining dilution)  and
Inferred Resources at the  Tambang Prospect (7.9 Mt  @ 167g/t Ag  and
0.7 g/t Au at a 1 g/t Au equivalent cut-off using drilling data  from
a previous explorer). Finders' believes that the Ojolali project  has
strong potential to  generate short-term cash  flow through open  pit
CIL/CIP development  of the  gold resource  at the  Jambi Oxide  gold
deposit. Other prospects have outstanding potential for the discovery
of  additional  resources  using  modern  geophysical  techniques  to
optimize drill targeting.
For further information  on results  previously reported  and a  full
resource statement please visit our website www.findersresources.com.
 

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