Wetar Restructure

 
TIDMFND 
 
For Release: 21 January 2011 
 
                Finders Restructures Ownership of Wetar Project 
 
Finders  Resources Limited has  moved to restructure  its ownership of the Wetar 
project  by moving to  100% ownership of Banda  Minerals Pty Ltd (Banda) through 
the  acquisition  of  the  remaining  shares  in Banda from its local Indonesian 
partner  PT Batutua  Kharisma Permai  (BKP). The  transaction increases Finders' 
economic  interest  in  the  project,  better  aligns the interests of our local 
partner  with existing  shareholders and  provides tax  benefits. It  is also an 
important  step  in  a  broader  restructuring  of  the  project  as the company 
approaches commercial production. 
 
As  Finders'  local  partner,  BKP  is  the  legal  holder  of  the Wetar mining 
tenements,  held a minority interest  in Banda and was  entitled to a royalty on 
the  Wetar project  equal to  5% of net  profits. As  at 31 December 2010, BKP's 
interest  in Banda had been diluted to 3.7% through project expenditure. Finders 
has  acquired the minority interest in Banda for a payment of US$675,000 as well 
as  the issue of 2,000,000 Finders  shares. The Finders shares  to be issued are 
subject  to vesting conditions relating to  the issuance of permits required for 
commencement of operations. 
 
In addition and to ensure compliance with the new Indonesian mining regulations, 
Finders  has reached commercial agreement to merge  BTR with BKP to move to full 
ownership of the mining tenements and extinguish the royalty. In exchange, BKP's 
shareholders  will  be  entitled  to  a  5% interest  in the merged entity, with 
Finders  holding a 95% interest.    Finders is currently reviewing the legal and 
taxation  mechanics of the merger  and will develop a  timetable to complete the 
transaction in due course. 
 
For further information please contact 
 
Finders Resources Ltd: 
Russell Fountain, Chairman, [phone] 
Chris Farmer, Managing Director, [e-mail] 
 
 
 
 
 
 
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Source: Finders Resources Limited via Thomson Reuters ONE 
 
[HUG#1481349]