Finlay Minerals Ltd. - $1,200,000 Private Placement Initiated

    VANCOUVER, March 28 /CNW/ - Further to News Release dated March 26, 2007
the flow-through private placement of 4,347,826 flow-through units at $0.23
per unit with the MineralFields Group. Each flow-through unit consists of 1
flow-through common share, and one non-flow-through share purchase warrant
(with a term of 24 months, and an exercise price of $0.35 in year 1 and $0.50
in year 2 rather than $0.40 in year 2 as earlier announced) for total gross
proceeds of up to $1,000,000.

    For further information and details please visit the Company website at

    On behalf of the Board of Directors,

    John Barakso, Director

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of this release.

For further information:

For further information: 912 - 510 West Hastings St, Vancouver, B.C.,
Canada, V6C 3B6, Telephone: (604) 684-3099, Fax: (604) 684-3098

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