FND Finders Res.

RNS Number:7057E
Finders Resources Limited
28 September 2007





                         For Release: 28 SEPTEMBER 2007



                          NEW SIGNIFICANT SHAREHOLDER



Pursuant to AIM Rule 17, Finders Resources Ltd (the 'Company') advises the
following in relation to significant shareholdings:


Following the on-market purchase of 2,000,000 ordinary shares at a price of 80c
on the Australian Stock Exchange ("ASX") on 26th September 2007, the Company is
pleased to announce a new significant shareholder.


The shares purchased represent approximately 3.05% of the issued Ordinary Share
capital of the Company.


Entity                                                        No. of shares held

Trafigura Beheer B.V.                                               1,000,000
Galena Asset Management - Special Situations Fund*                  1,000,000
'* Note: a wholly owned subsidiary of Trafigura



Trafigura is one of the worlds' largest independent commodity trading companies,
employing over 1,500 people with operations in 35 countries.  In the metals and
minerals sector, Trafigura currently owns and operates concentrate storage
facilities and three mines, two in Peru and one in Mexico. Additionally,
Trafigura is a significant stakeholder in a smelter and in various publicly
listed mining entities. Beyond its core business of sourcing and supplying
commodities, Trafigura also offers logistical support as well as finance and
other types of risk management. Galena Asset Management is one example of this.
Established in 2004, and now the appointed manager of three separate funds, with
over USD$500 million under management.



Managing Director, Chris Farmer, said "Finders are delighted that Trafigura have
chosen to invest in the Company. Their investment provides the Company with a
number of potential strategic options, ranging from the provision of capital and
technical support to off-take agreements, as the Wetar Copper project progresses
towards development"

For further information please contact:



Finders Resources Ltd:
Russell Fountain, Executive Chairman, +61 (0) 2 9211 8299
Chris Farmer, Managing Director, cbf@findersresources.com



Financial PR:
Doug Macdonald, +61 (0) 424 255 959, Capital Group (in Australia)
Paddy Blewer or Nick Elwes, 020 7457 2020, College Hill (in the UK)



RFC Corporate Finance Ltd - Nomad and Corporate Adviser:
Rob Adamson, +61 (0) 2 9250 0000 or Stuart Laing, + 61 (0) 8 9480 2500


Background Information:

Finders Resources Ltd, (Finders) first listed on AIM in March 2006, and on the
ASX, raising AUD 6 million on June 8 2007. Current market capitalization is
AUD$50 million.

Finders is the operator of the Wetar Copper (73% and earning) and Ojolali
Gold-Silver Projects (72% with option), both in Indonesia and holds an
investment in Geopacific Resources NL, an ASX-listed company.

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.

Heap leaching has been selected as the preferred process route for the Wetar
Copper Project due to comparable copper recoveries and lower capital and
operating costs than other process alternatives.

The Directors' preliminary estimates indicate a 40% reduction in both capital
(US$65M) and operating costs (US$0.50c/lb) for a heap leach with on site SX/EW
plant, compared to the previously announced Scoping Study base case involving
concentrate production and off-site hydrometallurgical production of copper
cathode.

Copper recoveries in excess of 80% have been attained in bench leach test work
for both the Kali Kuning and Lerokis deposits. These encouraging results are
being followed up with 5m column tests.

The corporate target for the Wetar project remains the completion of a
definitive feasibility study for a 20-25,000 tonnes per annum copper cathode
operation at Wetar by mid 2008 and commercial production by 2009.

For further information on results previously reported and a full resource
statement please visit our website www.findersresources.com





Statements by Finders Resources Ltd



Geological information in this announcement is based on information compiled by
Dr R Fountain who is a Fellow of the Australasian Institute of Geoscientists and
a Director of Finders. Dr Fountain has sufficient experience that is relevant to
the styles of mineralization and types of deposits under consideration and to
the activity that he is undertaking to qualify as Competent Person as defined in
the JORC Code. He consents to the inclusion in this announcement of the matters
based on his information in the form and context in which they appear.

Statements in this document that are forward-looking and involve numerous risks
and uncertainties that could cause actual results to differ materially from
expected results are based on the Company's current beliefs and assumptions
regarding a large number of factors affecting its business. Actual results may
differ materially from expected results. There can be no assurance that (i) the
Company has correctly measured or identified all of the factors affecting its
business or the extent of their likely impact, (ii) the publicly available
information with respect to these factors on which the Company's analysis is
based is complete or accurate, (iii) the Company's analysis is correct or (iv)
the Company's strategy, which is based in part on this analysis, will be
successful.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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