Finders Resources believes that the Ojolali project in Indonesia has strong potential to generate short-term cash flow through open pit development of the gold resource at the Jambi Oxide gold deposit.

A reverse circulation drilling program which encompasses the upgrade of the Jambi oxide gold resource and scout drilling of a number of other prospects is well underway with 37 drill holes of a planned 80 hole 7500m program completed since drilling began on November 21, 2007.

Finders has previously announced inferred resources at Jambi of 3.2 million tonnes @ 1.0 grams/tonne gold and inferred resources at the Tambang Prospect of 7.9 million tonnes @ 1.67 grams/tonne gold using drilling data from a previous explorer.

Drilling completed comprises scout drilling at Kencur (7 holes, 748m) and Jambi South (7 holes, 784m), and definition drilling at Jambi resource deposit (23 holes, 2488m).

Three holes drilled at Kencur West to test high grade gold values in local miner pits encountered minor near surface mineralization and the high pit values are now interpreted to represent a highly weathered high level alluvial terrace deposit which masks bedrock geochemistry.

Narrow gold intersections encountered in Kencur Bedor and Kencur South represent genuine bedrock mineralization but the structural controls for this mineralization within the 1.5km x 300m Kencur target zone remain unclear.

Close spaced ground magnetic and 3D IP surveys are being completed over this area to better define targets for further drilling.

At Jambi South two fences were drilled to assess anomalous soil geochemistry which extends for about 500 metres to the south-east from the main Jambi resource.

Encouraging assay results across substantial widths were returned from three of the drill holes. These results indicate potential to extend the Jambi mineralized system for at least 300m beyond current resource limits, but will require additional infill drilling to confirm continuity of the zones.

Results are only available for four holes from the Jambi resource definition drilling, however an encouraging intercept of 3m @ 6.3grams/tonne gold from a depth of 20 metres in one hole appears to represent a new high grade structure, sub-parallel to known mineralization and to the west of the inferred resource.

A major program of auger soil geochemistry is ongoing with sampling over 80% of the main IP geophysical targets completed.

Partial assay results have been received and indicate significant potential for extensions to the known oxide gold mineralization at Jambi, as defined by anomalous soils above 0.5ppm gold for a distance of about 400 metres north and south of the current inferred resources.

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