The Board of Directors of Finlay Minerals Ltd. (“The Company”) is pleased to announce the closing of a non-brokered private placement of $203,750 through the sale of 4,075,000 units at $0.05 per unit. Each unit consists of 1 common share and one share purchase warrant with a term of 60 months and an exercise price of $0.10 until June 22, 2014.

The Units will have a hold period expiring October 24, 2009.

Finlay Minerals Ltd. trades under the symbol “FYL” on the TSX Venture Exchange.

For further information and details please visit the Company website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown, P. Eng., President and CEO.

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