Company Information for Finders Resources Ltd

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AIM; FND

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ASX; FND

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Company Statement

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

Current Operations

Wetar Copper Project (72.4% and earning)

High grade, low strip ratio, coastal location, existing infrastructure from former gold mining operations
Two deposits (Kali Kuning and Lerokis): 9.8 Mt @ 2.5% Cu, 0.4% Zinc (Zn) at a cut-off grade of 0.5% Cu
Independent JORC estimates; approx. 35% measured, 55% indicated
5tpd SXEW pilot plant under construction and due for commissioning in May 2008
Feasibility Study to assess ~25,000t/a Cu cathode production due end Q3 2008
Exploration potential for both copper and gold with known satellite deposits

Ojolali Gold-Silver Project (71.7% with option)

Jambi Oxide Prospect: favourable topography, low strip ratio and soft rocks - Inferred Resource of around 100,000 oz Au
Recent drilling results from an 8000m drill program expected to substantially increase the resource base.
High metallurgical recoveries from test work on the Jambi Oxide ore, with approximately 90% gold recoverable in CIP processing and 70% in heap leach simulations.
Major epithermal vein system with discovery potential. Integrated geochemical and geophysical techniques have identified further resource potential at 20 named prospect areas.
Possible expansion to mine the Tambang Prospect: Current Inferred Resource of around 40 million Oz Ag and around 170,000 Oz Au.
Significant Zn grades indicating potential production of base metal concentrates with precious metal credits.

Geopacific Resources NL

Finders Resources holds 14.6% of Geopacific Resources NL (ASX:GPR), a Fiji based explorer with an exciting portfolio of gold and copper projects.

Geographical Spread

Indonesia, Fiji

Board of Directors and Key Management

Dr. Russell Fountain	Executive Chairman
Dr. Chris Farmer	Managing Director
Mr. Grant Harding	Operations Manager
Mr. Ian Neuss	Alternate Director
Mr. Stephen de Belle	Non-executive Director
Mr. Stephen Lonergan	Non-executive Director
Mr Ian Morgan	Company Secretary

Company Address

Registered Office/Sydney Office
Suite 51, Level 3
330 Wattle Street
Ultimo
NSW 2007, Australia


Telephone:	+61 2 9211 8299
Facsimile:	+61 2 9212 0200
Email:	info[at]findersresources.com
Website:	http://www.findersresources.com

Additional Address/Key Contact

Jakarta Office
931 Patra Office Tower
Jl. Jend. Gatot Subroto Kav 32-34
Jakarta Selatan
Indonesia

Capital

Fully Paid shares: 74,911,425 as at 5 March 2008

The percentage of shares that is not in public hands is 25.11%

2,699,834 Options at an exercise price of 50 cents expiring 20 March 2009.
400,933 Options at an exercise price of 50 cents expiring 20 March 2009
1,322,881 Options at an exercise price of 24 UK pence expiring 22 March 2009
500,000 Options at an exercise price of 68.75 cents expiring 13 June 2010.

No securities are held as treasury shares.

Year End

30 June

Nominated Brokers

Westhouse Securities
London
UK

Nominated Advisors

RFC Corporate Finance Ltd
Sydney
Australia

Broker/Analyst Reports

30/01/08 - HansonWest House
07/01/08 - Hoodless Brennan
13/12/07 - Green Leader Equity Research
13/12/06 - Finders Resources - Hanson Westhouse

Major Shareholders

Top 20 Shareholders (Updated 5 March 2008)

SHAREHOLDER	%
ANZ NOMINEES LIMITED	9.11%
EXSOLUTIONS PTY LIMITED	7.81%
MR IAN DVAID NEUSS	7.66%
DR CHRISTOPHER BEN FARMER	7.18%
HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED <813259>	5.94%
MIT NOMINEES PTY LIMITED	4.14%
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	3.82%
DARLEY PTY LIMITED	3.74%
TENNANT METALS PTY LIMITED	3.12%
MR STEPHEN DE BELLE	2.42%
NATIONAL NOMINEES LIMITED GPO BOX 1406 MELBOURNE VIC	2.27%
LOMACOTT PTY LTD	1.63%
PERPETUAL TRUSTEE COMPANY	1.62%
MERRIL LYNCH (AUSTRALIA) NOMINEES LIMITED	1.33%
MR STEPHEN JACK FOUNTAIN	1.20%
FORTIS CLEARING NOMINEES P/L	1.17%
CLODENE PTY LTD	1.00%
BARCLAYSHARE NOMINEES LIMITED	0.94%
MR HENRY WIECHECKI	0.93%
HIGHSHAW PTY LTD	0.83%

Most Recent Statement

06/03/08 - Finders Q1 2008 Investor Update
25/02/08 - More High Grade intercepts from Jambi Oxide Gold deposit, Ojolali
30/01/08 - Quarterly Activities Report For The Period Ended 31 December 2007
27/07/07 - Finders appoint Project Manager to fast track Wetar Copper Project
03/07/07 - Finders selects Heap Leaching with on site SXEW for Wetar Cu project
27/06/07 - Capital Structure following ASX Listing

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