GFN

Gold Finder Explorations Ltd. ("Gold Finder") (TSX VENTURE:GFN) is pleased to
announce that it has intersected significant high grade gold mineralization from
its recently completed Phase 2 diamond drilling program at the Golden Rose
Property.


The drilling program, which consisted of 2,204.4 m in 7 diamond drill holes,
targeted the projected extension of the "core" zone that was historically mined
by the Consolidated Mining and Smelting Company of Canada Limited.


Assay results for the remaining drill holes of this program, tabulated below,
include some of the highest grade mineralization intersected to date by Gold
Finder; note that the lengths reported are drill intersected core lengths and do
not represent true widths.




---------------------------------------------------------------------------
Hole Number                     From (m)      To (m)  Length (m)    Au (g/t)
---------------------------------------------------------------------------
GR10-28A                                No significant assays              
GR10-38                                 No significant assays              
GR10-39                                 No significant assays              
---------------------------------------------------------------------------
GR10-40                           296.3       296.8         0.5        1.02
---------------------------------------------------------------------------
GR10-41                           412.0       413.5         1.5        1.61
   including                      412.0       412.8         0.8        2.47
---------------------------------------------------------------------------
GR10-41A                          459.0       461.0         2.0        0.95
---------------------------------------------------------------------------
GR10-42                           238.8       243.9         5.1       15.62
   including                      238.8       240.9         2.1       27.68
                           ------------------------------------------------
                                  250.0       250.6         0.6        3.89
                           ------------------------------------------------
                                  255.5       256.5         1.0        3.84
                           ------------------------------------------------
                                  268.6       271.2         2.6       70.05
   including                      268.6       269.4         0.8       26.30
   including                      270.9       271.2         0.3      543.00
---------------------------------------------------------------------------



CEO David Greenway said: "Gold Finder is very pleased with the current results
as it adds significantly to our knowledge of the geology of the project, and the
highest grade sample of 17 ounces per ton over one foot is very exciting."


A downhole induced polarization and resistivity survey by JVX of Toronto, ON,
has just been completed and results are expected within a month. The survey is
expected to aid in the vectoring of follow up drilling of the highest grade
intercepts by providing, for the first time, a view at the chargeability of the
prospective ground from beneath the favorable horizon.


Gold Finder has implemented a QA/QC program which includes the insertion of
standards and blanks to ensure lab integrity. After being logged, samples of
half core were transported by GFN personnel to ALS Chemex's processing facility
located in Sudbury, Ontario.


Gold Finder Corporation also is the owner of the Crescent Mine in Northern Idaho
which United Mining Group is moving into production at this time. Gold Finder
will retain 20% interest in the Crescent when UMG earns-in their 80% in the
project. Gold Finder owns 2.4M shares of UMG. It also owns 3.65M shares of
Andover Ventures Inc. Gold Finder currently has 9,137,850 issued & outstanding
shares, and approximately $2 M in the bank.


Joerg Kleinboeck, V.P. Exploration for Gold Finder Explorations, is the
designated qualified person responsible for the preparation of this news
release.


On behalf of the board of Directors,

David Greenway, President and CEO

Gold Finder Explorations Ltd. (TSXV:GFN)
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