FND Finders Res.

    Exercise of Options
             



AIM Release
15 February 2008

           Capital Structure following exercise of Options

Certain options have been exercised and application made to the
Australian Securities Exchange ("ASX") and AIM for these options to
be quoted.

The capital structure of Finders Resources Ltd ("Finders", AIM & ASX
ticker FND) following exercise of options and application to the ASX
is as follows:


+-------------------------------------------------------------------+
| Type of Security               | Exercise |  Expiry  | Number in  |
|                                |  Price   |   Date   |   Issue    |
|--------------------------------+----------+----------+------------|
| Fully Paid Ordinary Shares     |          |          |            |
| ("Shares")                     |          |          |            |
|--------------------------------+----------+----------+------------|
| Previous Shares on issue       |          |          | 74,859,425 |
|--------------------------------+----------+----------+------------|
| New Shares issued at A$0.50    |          |          |            |
| each under exercise of option  |          |          |     52,000 |
| to raise $26,000.00            |          |          |            |
|--------------------------------+----------+----------+------------|
| Total Shares now on issue      |          |          | 74,911,425 |
|--------------------------------+----------+----------+------------|
|                                |          |          |            |
|--------------------------------+----------+----------+------------|
| Options                        |          |          |            |
|--------------------------------+----------+----------+------------|
| Unlisted Options (previously   |  A$0.50  |          |  3,152,767 |
| in issue)                      |          |          |            |
|--------------------------------+----------+----------+------------|
| Options exercised              |  A$0.50  |          |   (52,000) |
|--------------------------------+----------+----------+------------|
|                                |          | 20 March |  3,100,767 |
|                                |          |   2009   |            |
|--------------------------------+----------+----------+------------|
| Unlisted Options (previously   |   24p    | 22 March |  1,322,881 |
| in issue)                      |          |   2009   |            |
|--------------------------------+----------+----------+------------|
| New Options issued to adviser  | A$0.6875 | 4 April  |    500,000 |
| in relation to the ASX listing |          |   2010   |            |
|--------------------------------+----------+----------+------------|
| Total Options now in issue     |          |          |  4,923,648 |
|--------------------------------+----------+----------+------------|
|                                |          |          |            |
+-------------------------------------------------------------------+



For further information please contact:

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

RFC Corporate Finance Ltd - Nomad:
Stuart Laing: + 61 (0) 8 9480 2500

- ---END OF MESSAGE---

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