FND Finders Res.

 
TIDMFND 
 
FOR IMMEDIATE RELEASE: 25 MARCH 2009 
 
                            BOARD CHANGES 
 
 
The Company  is pleased  to announce  that Thomas  Quinn Roussel  has 
today  been  appointed  to  the   Board  of  Finders  Resources   Ltd 
("Finders", "the Company"). 
 
Mr Roussel is a Principal with Resource Capital Funds ("RCF").  Prior 
to joining  RCF in  2006,  he worked  in  the capacity  of  corporate 
development for  Asian  American Coal,  Inc  ("AACI"), one  of  RCF's 
portfolio companies in  China.  During this  time AACI developed  the 
first foreign owned underground coal  mine in China.  Prior to  AACI, 
he  worked  as  an  engineer  in  both  the  mining  and  oil  &  gas 
industries.  He  holds  MBA  degrees from  the  University  of  South 
Carolina and Wirtschafts  Universitat-Wien as well  as a Bachelor  of 
Science degree  in Mining  Engineering from  the Colorado  School  of 
Mines. Mr Roussel is 33 years old. During the last five years he  has 
not held any other directorship. 
 
Russell Fountain, who has  had the role  of executive Chairman  since 
the Company was  established, has become  non-executive Chairman.  He 
will continue  to  provide  technical expertise  in  respect  of  the 
completion of the  Wetar feasibility study,  specifically in  matters 
related  to  the  practical  geological  interface  with  mining  and 
metallurgical  operations,  continuing  exploration  of  the   highly 
prospective tenements  elsewhere on  Wetar Island  and directing  all 
other exploration activities in the company. 
 
Mr Ian Neuss has retired as Dr Fountain's alternate. 
 
In addition,  Finders are  in  the process  of appointing  a  Finance 
Director and, subject to finalising details of appointment, expect to 
make an additional announcement regarding Board composition. 
 
Managing Director,  Chris  Farmer  said  that  "with  the  successful 
operation of the  Wetar demonstration  plant which  is now  producing 
some 6 tonnes per  day of LME  Grade A Cathode, the  focus is on  the 
final feasibility study for  the 20-25, 000  tonnes per year  Cathode 
Project and its  associated financing and  execution.  These  changes 
will strengthen our  governance arrangements  and provide  additional 
expertise for the Company to manage  this next exciting stage of  the 
Company's development." 
 
For further information please contact 
 
Finders Resources Ltd: 
Russell         Non-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 was 
commissioned in  early  February 2009  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 an 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. 
 
=--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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