SOURCE: FinMetal Mining Ltd.

February 19, 2007 09:00 ET

FinMetal Appoints Stephen Balch as VP of Exploration

TAMPERE, FINLAND -- (MARKET WIRE) -- February 19, 2007 -- FinMetal Mining Ltd. (OTCBB: FNMM) is pleased to announced that Stephen Balch has been appointed as the company's Vice President of Exploration.

Stephen (Steve) Balch brings over 20 years as an exploration geophysicist, and is one of Canada's leading experts on geophysical exploration for nickel-copper sulphide. Mr. Balch has worked extensively for Inco Limited in the Sudbury Basin and at Voisey's Bay. From 1995 to 2001 he worked for Inco Limited as Senior Geophysicist (1999-2001) on International Projects, as Senior Geophysicist (1997-1999) at Inco's Voisey's Bay project in Labrador and as Area Geophysicist (1995-1997) in the Sudbury Basin.

As an independent consultant, Mr. Balch has consulted to major mining companies such as Falconbridge Limited and Anglo American, and to a number of mid-tier and junior mining companies such as FNX Mining Company Limited, Wallbridge Mining Company Limited, Donner Minerals, and Mustang Minerals Corp.

In 2002 Mr. Balch joined Aeroquest Limited where, as President, he helped take the Company public in 2004. At Aeroquest Mr. Balch helped in the development of the first commercially successful concentric time domain electromagnetic system, known as AeroTEM.

Former Inco VP of Exploration and current FinMetal Director, Robert Horn commented on today's appointment, "I have known Steve on a professional and personal level for many years. We worked closely together on several projects while I was with Inco, most notably the Voiseys Bay discovery in the 1990s where Steve was instrumental in using geophysics to help define the nature of the ore body. His extensive experience and knowledge of modern geophysics should prove to be a valuable asset to our company as we move forward with the exploration and development of our Finnish-based nickel projects."

On Behalf of the Board:

Daniel Hunter - CEO


This release contains forward-looking statements that are based on the beliefs of FinMetal Mining Ltd.'s management and reflect FinMetal Mining 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 FinMetal Mining 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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