Gold Finder Explorations Ltd.
TSX VENTURE : GFN

Gold Finder Explorations Ltd.

December 14, 2010 13:50 ET

Gold Finder Completes Phase 2 Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2010) - Gold Finder Explorations Ltd. ("Gold Finder") (TSX VENTURE:GFN) is pleased to announce that its Phase 2 drill program has been completed on the Golden Rose Property located 65 km northeast of Sudbury, Ontario. A total of 2204.4 m has been completed in 7 diamond drill holes which included extending GR09-28 an additional 100 m.

The program consisted of infill drilling targeting the projected extension of the "core" zone historically mined by the Consolidated Mining and Smelting Company of Canada Limited.

Assay results from the first drill hole (GR10-37) have been received and highlights are tabulated below. The lengths reported are drill intersected core lengths and do not represent true widths.

GR10-37 was collared at GR09-29 and was drilled to test the core zone 30m below the mineralization intersected in GR09-29.

Hole Number From (m) To (m) Width (m) Au (g/t)
GR10-37 264.21 265.72 1.51 2.53
including 265.19 265.72 0.53 4.19
  288.00 288.34 0.34 48.70
  303.47 303.76 0.29 2.25
  322.86 323.43 0.57 19.45
  331.03 331.40 0.37 4.14
  341.20 341.56 0.36 9.73

Additional results will be made available once the assays have been received and approved by GFN's technical staff.

JVX Ltd. has also been contracted to complete a borehole induced polarization and resistivity survey of recently completed drill holes to create a three dimensional model that will be used to generate targets. The survey is expected to be completed within the next two weeks. Results will be used to plan an additional diamond drilling program on the Golden Rose Property in the first quarter of 2011.

Joerg Kleinboeck, V.P. Exploration for Gold Finder Explorations, is the designated qualified person responsible for the preparation of this news release.

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