Finders Resources : Confirmation of Release - Unaudited Full Year 2017 Summary

For ASX Market Release: 2 February 2018

Unaudited Full Year 2017 Summary

Wetar Copper Project � (� Finders 74.1%� )�

•  Maiden full year of production generated EBITDA of US$72.2 million � (� unaudited� )�

•  Full year copper cathode sold: 25,277 tonnes at an average realized sale price of US$2.76/lb Cu

•  Full year copper cathode produced: 23,160 tonnes at a C1 cash cost at US$1.14/lb and AISC cost of US$1.66/lb

•  Proved and Probable Ore Reserve as at 1 December 2017: 9.3 million tonnes at 2.1% Cu for 196,000 tonnes of contained copper metal reflects a significant increase at Lerokis and positive mining reconciliation at Kali Kuning

Corporate

•  Debt repayments have significantly reduced gross debt under theProject's Senior Secured Finance Facility Agreement � (� Wetar Facility� )� to US$60.5 million, from US$145 million on 30 June 2016

•  Debt Service Reserve Account funding commenced with US$9.0 million deposited, reducing net debt to US$51.5 million

•  Unsolicited, opportunistic off-market takeover offer received from Eastern Field Developments Limited. The Independent Finders Directors reiterate their recommendation that Finders shareholders REJECT the offer by TAKING NO ACTION

Managing Director Barry Cahill commented: "While our first full year of production has not been without its challenges, the full year result clearly demonstrates the value of the Wetar Copper Project. Over the past year we have rapidly paid down the Wetar Finance Facility and with the current strong copper price we are well positioned to continue to pay down debt and add value for shareholders in 2018. There are not many among our industry peers who have reported such impressive first production year results."

Unaudited Full Year 2017 Summary

Background Information on Finders

Finders is the operator of the Wetar Copper Project � (� 74.1% economntiecrei st� )� located on Wetar Island in Maluku Barat Daya, Indonesia.

The Wetar Copper Project comprises the development, open pit mining and processing of the high-grade sulphide deposits at Kali Kuning and Lerokis located within 3 kilometres of the coast on Wetar Island. The project benefits from having existing infrastructure in place, particularly a wharf, camp and roads and partially exposed copper ore bodies from a prior gold mining era.

Finders currently operates a 25,000 tonne per annum � (� "t.p.a"� e)r� cactohpopde solvent extraction-electrowinning � (�-E"WSX"� )� plant, commissioned in May 2016, and a 3,000 t.p.a SX-EW plant for annual production capacity of 28,000 tonnes copper cathode. To date, the plants have produced over 37,000 tonnes of copper cathode. The average sale price for all copper sold to date has been at a premium to the LME price.

The project has a total debt of US$60.5 million repayable over the period to March 2019 and has a projected cash operating cost of US$1.05/lb Cu over the life of mine.

Wetar Copper Project Resources & Reserves

Cu � (� Kt� )�

Note - Rounding errors may occur. Mineral Resources which are not included in the following Ore Reserve compilation do not have demonstrated economic viability.

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Finders Resources Limited, 25 Colin Street, West Perth WA 6005

Unaudited Full Year 2017 Summary

MtCu%Cu � (� Kt� )�

Primary Transition Leached

1.9 0.1 0.01 2.0

2.6 1.3 0.6 2.6

0.3 0.1 0.002 0.3

2.8 1.2 0.8 2.6

Waste Stripping Ratio

2.2 0.1 0.01 2.3 0.8 0.3

2.7 1.3 0.6 2.6

58 1 0.0 60

SBX MPY PBX2 BKO

0.05 1.1 1.1 0.4 2.7

0.8 1.5 3.2 5.3 2.8

0.03 0.01 - - 0.04

0.9 0.7

1

- - 0.9

Waste Stripping Ratio

2.7 2.6 0.97

Waste Stripping Ratio

5.0 3.4 0.7

Kali Kuning Valley

-

-

-

-

60 60

Notes - Rounding errors may occur. The Ore Reserve estimate for the open pit mines is derived from the Mineral Resource block models for the Kali Kuning and Lerokis deposits. The tonnes and grades are stated to a number of significant digits reflecting the confidence of the estimate. Since each number and total is rounded individually, the columns and rows in the above table may not show exact sums or weighted averages of the reported tonnes and grades. "Stripping Ratio" refers to the ratio of the waste to the ore tonnage.

COMPETENT PERSON STATEMENTS

Exploration Results and Targets

The information in this report that relates to Exploration Results and Targets is based on information compiled by Mr Terry Burns who is a Fellow and Chartered Professional of the Australasian Institute of Mining and Metallurgy � (� #107527)� .

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Finders Resources Limited, 25 Colin Street, West Perth WA 6005

Unaudited Full Year 2017 Summary

Mr Burns has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Burns is contracted by Banda Minerals Pty Ltd, a 100% owned subsidiary of Finders Resources Limited, and consents to the inclusion in the reports of the matters based on his information in the form and context in which it appears.

Mineral Resource Estimate

The information in this report that relates to mineral resource estimation for the Kali Kuning and Lerokis deposits is based on prior work completed by external consultants that has been reviewed by Mr Terry Burns who is a Fellow and Chartered Professional of the Australasian Institute of Mining and Metallurgy � (� #107527)� .

Mr Burns has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Burns is contracted by Banda Minerals Pty Ltd, a 100% owned subsidiary of Finders Resources Limited, and consents to the inclusion in the reports of the matters based on his information in the form and context in which it appears.

Ore Reserve Estimate

The information in this report that relates to the in-situ ore reserve estimation at the Kali Kuning and Lerokis deposits is based on ongoing and prior work completed by external consultants and PT Batutua Tembaga Raya employees that has been reviewed by Mr Nick Holthouse who is a full-time employee of PT Batutua Tembaga Raya � (� a subsidiary of Finders Resources Limited� )� and who is a Member of the Australasian Institute of Mining and Metallurgy � (� #305303)� . information in this report that relates to the ore reserve estimation for the heap leach pads is based on ongoing and prior work completed by external consultants and PT Batutua Tembaga Raya employees that has been reviewed by Mr

Adam Moroney who is a full time employee of PT Batutua Tembaga Raya � (� a subsidiary of Finders Resources Limited� )� and who is a Member of the Australasian Institute of Mining and Metallurgy � (� #315559)�

Both Mr Holthouse and Mr Moroney have sufficient experience which is relevant to the style of mineralisation, the type of deposit and the beneficiation method under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Both Mr Holthouse and Mr Moroney consent to the inclusion in the report of the matters based on their reviewed information in the form and context in which it appears.

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, including those with respect to permitting and development timetables, mineral grades, metallurgical recoveries, potential production 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

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Finders Resources Limited, 25 Colin Street, West Perth WA 6005

Unaudited Full Year 2017 Summary

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 o which the Company's analysis is based is complete or accurate, � (� iii� )� the Company's analysis is correct or � (� 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.

No Representation, Warranty or Liability

Whilst it is provided in good faith, no representation or warranty is made by Finders or any of its advisers, agents or employees as to the accuracy, completeness, currency or reasonableness of the information in this announcement or provided in connection with it, including the accuracy or attainability of any Forward Looking Statements set out in this announcement. Finders does not accept any responsibility to inform you of any matter arising or coming to Finders' notice after the date of this announcement which may affect any matter referred to in this announcement. Any liability of Finders, its advisers, agents and employees to you or to any other person or entity arising out of this announcement including pursuant to common law, the Corporations Act 2001 and the Trade Practices Act 1974 or any other applicable law is, to the maximum extent permitted by law, expressly disclaimed and excluded.

Distribution Restrictions

The distribution of this announcement may be restricted by law in certain jurisdictions. Recipients and any other persons who come into possession of this announcement must inform themselves about, and observe any such restrictions.

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Finders Resources Limited, 25 Colin Street, West Perth WA 6005