GFN Announces the Completion of Phase 3 Drill Program at the Golden Rose

Gold Finder Explorations Ltd. ("Gold Finder") (TSX VENTURE:GFN) announced today
that it has completed its Phase 3 diamond drill program on the Golden Rose
Property located 65 km northeast of Sudbury, Ontario.


Two diamond drill holes totalling 625 m have been completed testing a
chargeability anomaly identified from a down hole induced polarization survey
completed late last year by JVX Ltd.


Diamond drill hole GR11-43 is located 25 m south of GR10-42. It was drilled at
an azimuth of 180 degrees and dip of -50 degrees. Diamond drill hole GR11-44 is
located 20 m east of GR10-42 and was drilled at an azimuth of 180 degrees and
dip of -50 degrees. GR10-42 was previously drilled at an azimuth of 180 degrees
and dip of -50 degrees.


Results will be made available once they have been received and approved by
GFN's technical staff.


Gold Finder is also pleased to announce that is has acquired through staking an
additional strategic claim block consisting of 48 Ha. This claim block covers
part of a separate iron formation that is exposed at surface and strikes onto
the claims currently held by Gold Finder. A compilation completed earlier by
Gold Finder turned up a historical induced polarization survey that identified a
strong chargeability and resistivity anomaly thought to represent sulphide
mineralization associated with the iron formation. This high priority target is
in a new area and does not appear to have been previously drill tested. Field
programs are planned to commence immediately to prepare the target for a winter
drill program in early 2012 as winter conditions help to access the target.


Joerg Kleinboeck, V.P. Exploration for Gold Finder Explorations, is the
designated qualified person responsible for the preparation of this news
release. The program will be supervised by Joerg Kleinboeck, who is V.P.
Exploration for Gold Finder, and the designated qualified person responsible for
the preparation of this news release.


This press release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Security Exchange Act of 1934, and
involves a number of risks and uncertainties. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the TSX
Venture Exchange and the British Columbia Securities Commission. All statements,
other than of historical fact, included herein are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements.

Gold Finder Explorations Ltd. (TSXV:GFN)
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