Finmetal Mining (FNMM)

[westcoastcash]

Finmetal Identifies a Nickel Sulphide Zone at Halvala Mine
Drilling to Commence in December
11/12/2007 | 6:30:00 PM

Tampere, Finland - November 13 th, 2007 - Finmetal Mining Ltd. (OTCBB: FNMM) is pleased to announce that a three dimensional compilation of the historical data at its Halvala joint venture is complete, and has successfully delineated a discrete steeply-dipping zone of nickel sulphides that is open at depth. Several historical holes drilled by the Geological Survey of Finland have been surveyed with down-hole electromagnetics (EM) and an airborne EM survey is currently in progress.

After plotting and mapping the extensive archive of historic data, 3-D computer models were generated that provided a better understanding of the Halvala Mine's exploration potential. FinMetal VP of Exploration, geophysicist Steve Balch, designed and supervised the implementation of a US $800,000 airborne and down-hole electromagnetic geophysics (EM) program.

Mr Balch said, "We are highly optimistic that additional zones of nickel sulphides are waiting to be discovered. In fact, our Tainiovarra nickel property, which will soon be flown, is one of our top prospects for developing an open-pit nickel mine. Weather permitting, it as well as other significant targets in the Enonkoski region, will continue to be flown over the next 2 to 3 weeks for the remaining 3000km of a 6000km program, bringing this phase of exploration to completion."

Drilling is scheduled to start in early December. Three proposed drill holes at Halvala will initially target the gap between historic drill holes KRM-HA-29 (0.62% Ni, 0.12% Cu over 4.15 m), KRM-HA-30 (1.95% Ni, 0.40% Cu over 18.64 m), KRM-HA-35B (1.27% Ni, 0.22% Cu over 8.53 m) and KRM-HA-39 (0.62% Ni, 0.59% Cu over 5.49 m). In addition, the zone will be tested at depth where it remains open.

Former Inco VP of Exploration and current FinMetal director, Bob Horn stated, "We consider the Halvala Mine is our best target for the discovery of an ore body that may be placed rapidly into production. This is due to its historic intersections of high-grade nickel and the fact that modern geophysics has never been used to explore the property. The geophysical techniques we are using are particularly effective for nickel sulphide exploration in glaciated terrains and have been used very effectively in all in the major Canadian nickel districts including Sudbury, Voisey's Bay, Thompson and Raglan. At Inco we used our geological knowledge and these same geophysical techniques to discover more than US$2 billion net worth of nickel over a seven year period."

Mr. Horn continued, "We have signed a contract with Finnish-based Suomen Malmi Oy to complete a minimum of 5,000 meters of drilling which we expect will provide us with a first indication of the size potential of the Halvala zone.

On Behalf of the Board:

Daniel Hunter - CEO
FinMetal Mining Ltd.
Finlaysoninkuja 9
FIN-33210 Tampere, Finland
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
www.FinMetalMining.com