FND Finders Res.

RNS Number:3012G
Finders Resources Limited
24 October 2007

For Release: 24 OCTOBER 2007

ANNUAL GENERAL MEETING

Finders Resources Limited today held its Annual General Meeting. All resolutions
were passed by a show of hands.

Proxies received were as follows:

Adoption of Remuneration Report

                Votes For             Votes Against           Votes Abstaining                Votes Open

               15,605,919                         -                          -                   465,700

Re-election of Russell Fountain as a Director of the Company

                Votes For             Votes Against           Votes Abstaining                Votes Open

               15,605,919                         -                          -                   465,700

Election of Stephen Lonergan as a Director of the Company

                Votes For             Votes Against           Votes Abstaining                Votes Open

               15,605,919                         -                          -                   465,700

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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