Launch of A$4.5m Dual Listing

RNS Number:1078W
Finders Resources Limited
04 May 2007



For Release: 4th May 2007


FINDERS RESOURCES LAUNCHES A$4.5M DUAL LISTING


Highlights



o        Prospectus lodged with ASIC today for a A$4.5 million to A$6 million
capital raising and listing on the ASX


o        Advanced copper and gold-silver projects in Indonesia


o        ASX move follows successful AIM admission last year


o        Highly accomplished management team with long history of successful
operations in the Indonesian environment


www.findersresources.com



Finders Resources Limited (Finders) which has focused on advancing its two key
pre-development properties in Indonesia - Wetar Copper and Ojolali Gold-Silver -
since listing on AIM in March 2006 has lodged a prospectus with the Australian
Securities and Investment Commission (ASIC) to list on the Australian Stock
Exchange (ASX).

The Offer, which is expected to open on May 15, is for 8.2 million ordinary
shares at issue price of A$0.55 to raise A$4.5 million with the right to accept
over-subscriptions up to A$6 million.

RFC Corporate Finance Limited, which acts as the Nomad for Finders in the AIM
market, is also corporate adviser for the dual listing on the ASX.

Finders executive management team - Dr Russell Fountain (Executive Chairman), Dr
Chris Farmer (Managing Director) and Ian Neuss (Alternative Executive Director)
- have more than 100 years combined experience in exploration and minerals
project development.

Over the past 20 years between them they have played in integral role in the
establishment of ten new mining operations - Granny Smith, Osborne, Girilambone,
Waihi, Lerokis, Kali Kuning, Lebong Tandai, Forrestania, Honeymoon Well and
Silver Swan.

Dr Fountain today said that the main thrust of the ASX move was to:

*         to broaden the company's international shareholder base through the
introduction of new Australian institutional and retail investors

*         increase liquidity in the stock

*         improve analyst coverage

*         raise additional funds to accelerate its exploration and development
activities

"Our AIM listing and the loyal support from the Australian, South African and
London investors during the past 12 months has enabled us to both establish a
solid financial foundation and also significantly advance our Indonesian
projects. Our dual listing also reflects that fact that we already have a high
number of Australian shareholders and this will give them an additional investor
access."


Key Statistics



Issue price (per share) 55 cents for an offer of 8.2m shares to raise A$4.51
million with the right to accept over-subscriptions up to A$6.05 million.


Indicative Timetable

Opening Date                                                                                 15 May 2007
Closing Date                                                                      5.00pm EST 7 June 2007
Despatch of Statements of Shareholding                                                      15 June 2007
Quotation of Shares on ASX expected to commence                                             21 June 2007

Key Offer Statistics                                            Minimum Issue             Maximum Issue
Number of shares to be allotted                                   8.2 million              11.0 million
Amount to be raised                                            A$4.51 million            A$6.05 million
Number of fully paid shares on issue after completion of         62.8 million              65.6 million
the Offer
Number of options on issue after completion of the Offer          5.0 million               5.0 million



Deliverables:



*         Final feasibility study for Wetar by 2008

*         Upgraded Jambi gold resource and development plan and schedule, third
quarter 2007

*         Ultimate objectives (subject to feasibility results and development
funding) of gold production from Ojolali in 2008, and copper production at Wetar
in 2009

*         Expansion of resource base through exploration success from multiple
defined targets

*         Ongoing new  project generation by highly experienced team with
successful track record







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, 020 7457 2020, College Hill (in the UK)



RFC Corporate Finance Ltd - Nomad and Corporate Adviser:

Rob Adamson, [phone] or Stuart Laing, + 61 (0) 8 9480 2500
Investment Summary

Advanced Projects in       Wetar Copper Project  (72.4% Finders, earning with expenditure)
Indonesia
                           -    Approximately 245,000 tonnes of contained copper resources

                           -    High grade, low strip ratio, coastal location

                           -    Feasibility study under way - bioleach and concentrate & hydrometallurgical
                           options

                           -    Targeting 25,000 tpa copper production by 2009

                           -    Strong exploration land position with potential for new deposits from known
                           targets



                           Ojolali Gold -Silver Project (71.7% Finders)

                           -    Jambi Prospect: potential start-up oxide resource with approximately 100,000
                           ounces of gold and low strip ratio

                           -    Tambang Prospect: Major vein system - current resource of 39.5 million ounces
                           of silver and approximately 170,000 ounces of gold

                           -    Plan for low cost production start-up at Jambi, later expand to mine Tambang

                           -    Highly prospective for additional discoveries, with multiple vein structures
                           defined by mapping and IP surveys

                           -    High gold and silver grades in step out drilling
Investment                 Geopacific Resources (14.6% Finders)

                           -    ASX listed Fiji based exploration company, market capitalization approximately
                           $20M

                           -    Active explorer with strong portfolio of copper-gold and gold projects

                           -    Current drill programs with encouraging high  grade intercepts
Proven Team                -    Extensive collective experience and expertise in the exploration, assessment,
                           evaluation and development of mineral projects

                           -    Track record - multiple deposits from discovery to production

                           -    Long term Indonesian operating experience
Finders Resources Limited  -    Market capitalisation of #13.6 million (approx A$32.8 million) at close of
                           trading on 3rd May 2007

                           -    Fast track development and cash generation potential

                           -    Quality team



Resource estimates are reported in accordance with the 2004 edition of the
Australasian Code for Reporting Exploration Results, Mineral Resources and Ore
Reserves (the "JORC Code", available at www.jorc.org). The estimates were
performed by Dr Phillip Hellman who is a Director of Hellman & Schofield Pty Ltd
("H&S") and a Fellow of the Australian Institute of Geoscientists. He qualifies
as a Competent Person under the meaning of the JORC Code and consents to the
inclusion of these estimates in this release by Finders Resources Ltd in the
form and context in which they appear.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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