Release: Finders Resources Ltd: 33% increase in gold content in upgraded resource estimate for Jambi

The following is highlights of UK miner Finders Resources Ltd?s announcement released on June 2, 2008.

Highlights

? An updated resource estimate for the Jambi gold deposit, incorporating results from an additional 93 reverse circulation drill holes, has resulted in a 33% increase in the contained gold in Indicated and Inferred resources to 138,000 oz at a 0.5 g/t Au cut-off.

? Approximately 75% of the estimated resource is now classified as Indicated Resources under the JORC code, compared to none in the previous estimate.

? Over 85% of the resource (at a 0.5 g/t cut off) is oxidized or partially oxidized.

? With the dispersed nature of the mineralization, and potential low stripping ratios for open-cut mining, Finders is implementing detailed scoping studies into development of this resource as a small scale starter gold mining operation.

? No attempt has been made to model a separate zone of high silver grades in the southern part of the area, and additional work will be required to confirm the geological controls of this mineralisation

? On-going surface exploration continues to generate encouraging results for discovery of significant additional resources at Jambi. A more detailed assessment of this work is planned after receipt of final assays from current soil sampling program.

Cut off	Indicated			Inferred			Total			Cont. Au	Attrib. 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

Table 1: May 2008 Jambi Deposit Mineral Resource Estimates
(Mt equals millions of tonnes, koz equals thousands of ounces. Subject to rounding errors.)

Dr Russell Fountain, Finders? executive chairman commented: ?We are very pleased with this result, and this resource provides a firm basis to implement our strategy of developing a small but profitable open pit mining operation to generate cash flow to fund a vigorous ongoing exploration program of the project area. Our ongoing surface exploration in the larger Ojolali exploration license area continues to enhance its potential for significant additional discoveries.? (end of highlights)