OPES PRIME COLLAPSE

    OPES PRIME COLLAPSE
             



Opes Prime Collapse

Finders Resources Ltd ("Finders") is aware that, like many other  ASX
listed junior resource companies, some of its shares were held  under
margin lending facilities operated by the collapsed Australian margin
lending and stockbroking group, Opes Prime.

Furthermore,  Finders   understands   that   the   receivers   and/or
administrators of the Opes Prime companies have already sold most  of
the Finders' shares held under such facilities on market.

Given the relative  illiquidity of  Finders shares  and the  apparent
haste of such selling, this  has significantly depressed the  Finders
share price over the last week.

Based on current  enquiries, Finders  believes that the  last of  the
line of shares held under the  Opes Prime lending facility were  sold
on Friday 4th April.

Finders also wishes to advise that  none of the interests of  Finders
directors in Finders  shares are  or were held  under margin  lending
facilities operated by the Opes Prime Group.

Finders continues to advance towards first copper production from  an
initial test  plant  at  its  Wetar Copper  Project  and  to  receive
promising exploration results from its Ojolali gold-silver project.
Finders also  remains well  funded  to pursue  its programs  at  both
projects, with around A$6m cash  and a further undrawn US$5m  finance
facility.

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 (Finders'  Nominated Adviser  for the  AIM
market):
Rob Adamson, [phone]
Stuart Laing, [phone], [e-mail]


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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