SOURCE: Gondwana Energy Ltd.

January 16, 2007 09:00 ET

Company Moves Head Office to Finland

TAMPERE, FINLAND -- (MARKET WIRE) -- January 16, 2007 -- Gondwana Energy Ltd. (OTCBB: GNWA) is pleased to announced it has moved its head offices to Tampere, Finland. Our new contact information is as follows:

Gondwana Energy Ltd.
Finlaysoninkuja 9
FIN-33210 Tampere
Phone  +358 3 260 4331
Fax    +358 3 260 4330
e-mail info@finmetalmining.com
"Today's announcement reflects the Company's exclusive focus on mining in Finland. Our acquisition of FinMetal Mining OY has positioned us with an initial portfolio of advanced gold, copper and nickel properties and brings with it domestic management capable of executing on our mission to develop ore bodies in Finland," stated Daniel Hunter, the company's Chairman and CEO.

Mr. Hunter continues by saying, "With the operational skills of our Finnish team, balanced by our extensive Canadian Shield geological and operational expertise, our company is well positioned for success."

The Company has recently called a Special Meeting of Shareholders of Gondwana Energy, Ltd. to change the name of the company to FinMetal Mining Ltd. The meeting will be held on Tuesday, January 23, 2007, commencing at 10:00 a.m. local time, at the offices of Ballard Spahr Andrews & Ingersoll, LLP, 1225 17th Street, Suite 2300, Denver, Colorado 80202 (telephone: (303) 292-2400). Only shareholders of record at the close of business on December 11, 2006, the record date, will be entitled to notice of, and to vote at, the Special Meeting and any adjournment thereof.

On Behalf of the Board:

Daniel Hunter

Disclaimer

This release contains forward-looking statements that are based on the beliefs of Gondwana Energy Ltd.'s management and reflect Gondwana Energy Ltd.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Gondwana Energy Ltd. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.

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