Finders updates Jambi gold project activity

The following is an excerpt from Australian mining firm Finders Resources Limited?s quarterly report released on Friday.

Ojolali gold project, Jambi
Finders Resources Limited ~72% with option

Background Information
Finders believe 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.

Cut Off	Indicated			Inferred			Total			Cont. Au	Atrrib. Finders 72%
Au g/t	Mt	Au g/t	Ag g/t	Mt	Au g/t	Ag g/t	Mt	Au g/t	Ag g/t	koz	Au koz
0.5	2.98	1.10	8.3	1.1	0.9	5.7	4.08	1.05	7.6	138	99
0.7	1.97	1.36	8.4	0.6	1.2	6.0	2.57	1.32	7.8	109	78
1.0	1.13	1.74	8.5	0.3	1.6	6.7	1.43	1.71	8.1	78.6	57
May 2008 Jambi deposit mineral resource estimate
(Mt equals millions of tonnes, koz equals thousands of ounces. Subject to rounding errors)

Other prospects have outstanding potential for the discovery of additional resources using modern geophysical techniques to optimize drill targeting.

Finders has previously announced Inferred Resources at the Tambang Prospect (7.9 Mt @ 167 g/t Ag and 0.7 g/t Au at a 1 g/t Au equivalent cut-off using drilling data from a previous explorer).

Suban Gold Prospect
At the newly named Suban prospect, three km north of Jambi, a high gold and silver anomaly coincides with a small window of bedrock exposed in an old erosion surface, with very low relief, characterized by extensive sub-rounded to angular float of epithermal quartz and petrified wood, and overlain by extensive areas of recent unconsolidated volcanic ash up to 2 m thick, which will serve to effectively mask previous soil geochemical surveys. Further follow-up at Suban will comprise auger soil geochemistry and ground IP surveys to define the source of the extensive vein float material The Suban prospect marks the most northerly of a string of gold geochemical anomalies extending north from iambi, and is currently interpreted to be a continuation of the Jambi structure.

Tambang Gold-Silver
During the quarter a new phase of local miner activity has developed with mining superficial concentrations of manganese oxides along the surface trace of the Tambang vein system over a strike length of around 400m and to maximum depths of about 4m. This has provided some good exposures of the Tambang vein and a program of systematic channel sampling at 25m spacing has been implemented to help assess potential for oxide gold and silver mineralization.

Geochemical Soil Sampling
During the quarter, exploration work at Ojolali focused on infill soil sampling to follow up of regional soil anomalies reported in the June quarterly report, supported by reconnaissance geological mapping of these areas. This work comprised collection of 1,121 samples over 28 line km. Results of this sampling have not yet been received. (end of excerpt)