Finlay Minerals Ltd. (TSXV: FYL) (the “Company”) reports the completion of the winter drill program on the Silver Hope project in B.C.

The winter drill program was completed during mid-March to mid-April, 2011 and entailed the completion of 6 drill holes. Three holes were completed in the East Horizon Zone following up on a strong induced polarization geophysical anomaly and coincident soil anomaly. Three holes were drilled as in-fill into the recently discovered West Horizon Zone porphyry copper-molybdenum mineralization. Final assays results and data compilation will be released when available.

A core drilling program is being planned to commence in June at Silver Hope. All permits are in place for this exploration work. As several deep holes may be drilled to test the merging of the West and Main anomalies, a 15 kilometer deep induced polarization (IP) survey along 3 pre-existing east-west lines was completed by Peter Walcott & Associates. This deep IP work will be merged with earlier work from 2007/08 to allow geophysical assessment 500-600 meters vertically below surface.

About Finlay Minerals Ltd.
Finlay Minerals is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in central British Columbia. In addition to the company’s flagship property, Silver Hope, the Pil and Atty projects are situated in the Toodoggone region, a mineral-rich area that is host to several copper-gold porphyry and epithermal gold-silver deposits. New discoveries on the Pil property include the Northwest Zone copper-molybdenum porphyry mineralization and the Atlas East/Pillar East epithermal gold-silver zones.

The Company has disclosed all material news to date.

On behalf of the Board of Directors,
Robert Brown, P. Eng.
President & C.E.O.

For further information, contact:

Corporate Information
Finlay Minerals Ltd.
John Barakso, Director
Tel: (604) 684-3099
www.finlayminerals.com

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G2 Consultants Corporation
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info@g2consultants.com

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