SOURCE: FinMetal Mining Ltd.

March 14, 2008 09:00 ET

FinMetal Drilling Intersects Significant Nickel Zone at Halvala, Finland

TAMPERE, FINLAND--(Marketwire - March 14, 2008) - FinMetal Mining Ltd. (OTCBB: FNMM) has announced assay results from the first diamond drill hole of a two hole preliminary evaluation in its joint venture with Magnus Minerals at the Halvala nickel exploration prospect located in the Enonkoski Belt in Finland.

In late December, the company began its preliminary evaluation drilling at Halvala. In late February, the company completed the first two, 600 meter holes; numbered FML-01 and FML-02. Hole FML-01 intersected 12.23 meters of nickel sulphide mineralization at a depth of 550m with an average grade of 0.93% nickel that includes an interval of 2.07% nickel and 0.43% copper over 4.83 meters.

Assay results are pending on nickel sulphide mineralisation intersected at a depth of approximately 500m in FML-002 drilled about 50 m away from FML-001 in order to test the continuity of the mineralization. The significance of the intersections in both holes will be evaluated when assays are received from this second hole; however FinMetal's three dimensional compilation of the historical data at Halvala indicates that both sulphide intersections are part of a vertical cylinder-shaped zone of nickel sulphides open at depth.

Steve Balch, Vice President Exploration of FinMetal, said today, "This result is consistent with our expectations for Halvala -- both good grade and good thickness at this depth. Halvala is a highly prospective brown field site with excellent infrastructure where some nickel has been mined in the past. Our objective is to establish reserves that may be mined deeper underground."

Halvala is the first of four high priority targets identified by FinMetal in its Finnish nickel exploration program based upon earlier work performed by the Geological Survey of Finland (GTK). In addition a 6,500 line kilometer airborne electromagnetic survey conducted by FinMetal in late 2007 has identified a number of anomalies that may reflect hidden massive nickel sulphides because of their high conductance and association with prospective geology.

On Behalf of the Board:

Daniel Hunter - CEO
FinMetal Mining Ltd.
Finlaysoninkuja 9
FIN-33210 Tampere, Finland
Phone: +358 3 260 4331
Fax: +358 3 260 4330


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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