FND Finders Res.

 
TIDMFND 
 
For Release: 19th January 2009 
 
FINDERS RESOURCES LIMITED 
 
As previously  announced  on  16th January  2009,  Finders  Resources 
Limited (ASX  and AIM:  FND) (the  "Company") has  entered into  loan 
agreements with four directors, Messrs Russell Fountain,  Christopher 
Farmer, Robert Thomson and Stephen  de Belle. Details of these  loans 
by each Director to the Company are as follows: 
 
 
 1. Subject to shareholders' approval, these unsecured loans may be 
    converted by the Company into the Company's shares; and 
 2. These Directors' loans are not otherwise repayable until after 
    the existing loan from Meridian has been repaid and the Company 
    is in compliance with any obligations in relation to the RCF 
    convertible notes. 
 
 
 
Director         Fixed Conversion     Market Conversion Total Advance 
                       Advance[1]      Price Advance[2]          AUD$ 
                             AUD$                  AUD$ 
 
Russell Fountain        66,666.50            200,000.00    266,666.50 
Christopher                     -             79,502.80     79,502.80 
Farmer 
Robert Thomson                  -            100,000.00    100,000.00 
Stephen de Belle        67,000.00            200,000.00    267,000.00 
                       133,666.50            579,502.80    713,169.30 
 
 
Finder's webpage is www.findersresources.com 
 
For further information please contact 
 
Finders Resources Ltd: 
Russell         Executive Chairman          +61 2 9211 8299 
Fountain 
Chris Farmer    Managing Director           info@findersresources.com 
Financial PR: 
Doug Macdonald  Capital      Group      (in +61 424 255 959 
                Australia) 
Nick Elwes      College Hill (in the UK)    +44 20 7457 2020 
RFC Corporate Finance Ltd - Nomad: 
Rob Adamson     Managing Director           +61 2 9250 0000 
Stuart Laing    Executive Director          +61 8 9480 2500 
FinnCap -  Finders' Broker for the AIM market: 
Mathew Robinson Corporate Finance Director  +44 20 7600 1658 
Joe Lunn        Analyst                     +44 20 7600 1658 
 
 
Background on Finders Resources 
Finders, listed on AIM and ASX,  is the operator of the Wetar  Copper 
(92% and  earning),  and  Ojolali  Gold-Silver  Projects  (72%  with 
option) in Indonesia, and holds an investment in Geopacific Resources 
NL, an ASX-listed company with  active exploration programs for  gold 
and copper in Fiji. 
 
At the Wetar Project,  as part of a  definitive feasibility study,  a 
demonstration SX-EW plant with 5t per day copper cathode capacity  is 
being installed and is permitted to process 100,000t of ore from  the 
Kali Kuning deposit.  The Company is targeting commercial  production 
of 20-25,000  tonnes  per year  cathode  by early  2010,  subject  to 
accelerated  schedules  for  engineering  design  work  and   project 
funding. 
 
At the Ojolali Project,  Finders controls what it  considers to be  a 
major new  epithermal  gold district,  and  has been  undertaking  an 
extensive  exploration  program   comprising  detailed  drilling   to 
establish and initial mining resource, supported by extensive surface 
geophysical and  geochemical  surveys.  Finders'  believes  that  the 
Ojolali project has strong potential to generate short-term cash flow 
through open  pit CIL/CIP  development of  the gold  resource at  the 
Jambi Oxide gold deposit. 
 
For further information  on results  previously reported  and a  full 
resource statement please visit our website www.findersresources.com. 
 
 
Disclaimer 
This announcement may  or may  not contain  certain "forward  looking 
statements". All  statements,  other than  statements  of  historical 
fact, which address activities,  events or developments that  Finders 
believes, expects or anticipates will or may occur in the future, are 
forward looking statements. Forward looking statements are often, but 
not  always,  identified  by  the  use  of  words  such  as   "seek", 
"anticipate", "believe", "plan",  "estimate", "targeting",  "expect", 
and "intend" and statements  that an event  or result "may",  "will", 
"can", "should", "could", or "might"  occur or be achieved and  other 
similar expressions.  These forward  looking statements  reflect  the 
current internal  projections,  expectations or  beliefs  of  Finders 
based on information  currently available to  Finders. 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. Finders expressly  disclaims any obligation to  update 
or revise any such forward looking statements. 
 
[1] Loans are interest free, may be converted at A$0.50 per share, 
unless the relevant director has earlier elected to apply the loan 
amount to the exercise of existing options. 
[2] Loans are  at an interest  rate of  10% per annum,  which may  be 
converted to shares at Market Price  at the time of the  shareholders 
approval. "Market  Price" being  the  volume weighted  average  share 
price over the five trading days prior to such approval. 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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