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File: GFN_ 62673-1 May 28, 2012  n_r conversion int. Crescent Mine_appt S. McIntosh new CFO and Corporate .DOC

GOLD FINDER EXPLORATIONS LTD.
641 Arbor View Drive
Kelowna, British Columbia V1W 4Z7

FOR IMMEDIATE RELEASE

NEWS RELEASE
May 28, 2012									TSX-Venture: GFN
CONVERSION INTEREST IN CRESCENT MINE TO A NEW 2% NSR  APPOINTMENT NEW CFO AND CORPORATE SECRETARY 
GOLD FINDER EXPLORATIONS LTD. (the "Company") announces that it has entered into an agreement (the "Agreement") with U
--->nited Silver Corp. ("USC") pursuant to which the Company has converted its 20% interest in the original Crescent Silve
--->r Mine Project (the "Original Property") to a new net smelter return royalty ("New NSR") in favour of the Company.  Th
--->e New NSR provides the Company with a royalty on all mineral, metals or concentrates extracted and derived from the or
--->e mined from the Original Property and an additional 42 patented mining claims known as the Bunker Hill claims located
---> adjacent to the Original Property (together, the "Property").
Pursuant to the Agreement, the Company has agreed to, in exchange for the grant of the New NSR, transfer its 20% inter
--->est in the Original Property to USC, make an initial payment of $200,000 (the "Initial Payment") to USC upon execution
---> of the Agreement and pay to USC an additional $200,000 (the "Final Payment", together with the Initial Payment, the "
--->NSR Purchase Price") from the first and subsequent payments due to the Company under the NSR until such time as the Fi
--->nal Payment has been paid in full.  
The Company also agreed to pay interest on the NSR Purchase Price or any portion thereof, outstanding from time to tim
--->e, at a rate of 6% per annum, payable by the addition to the Final Payment and deducted from payments due to the Compa
--->ny under the New NSR.
Pursuant to the Agreement, the parties also agreed to terminate the net smelter return royalty previously granted in f
--->avour of the Company on all mineral, metals or concentrates extracted and derived from the ore mined from the Original
---> Property.   
Appointment new Corporate Secretary
The Company is also pleased to announce the appointment of Susan McIntosh as the Company's new Chief Financial Officer
---> and Corporate Secretary effective May 28, 2012.  Ms. McIntosh has over 20  years experience in the accounting and ban
--->king industry, having attained an MBA from the HEC Montréal, Affiliated with the Université de Montréal
--->, a BA, English Literature from Concordia University, Montréal, Quebec, and a Diploma of Collegial Studies (DEC),
---> Science from the prestigious Marianopolis College, Montréal, Quebec.  Ms. McIntosh is currently the Managing Dir
--->ector of McIntosh Financial, a Montréal based capital advisory firm and previously, was Managing Director of CPVC
---> Financial Corp, an  investment and financial advisory firm providing finance to small and medium size private and pub
--->lic growth businesses in Canada and the United States, and a combined 12 years as Manager Subordinate Financing, BDC, 
--->Montréal, Québec and as Relationship Manager, Bank of Montréal, Montréal, Québec 
Christopher Cooper, who is also the President & C.E.O. of Aroway Energy Inc. (TSX-V: "ARW") resigned as Chief Financia
--->l Officer and Corporate Secretary of the Company on May 28, 2012 to focus his professional activities on Aroway's busi
--->ness .
The Company also announces that it has granted to Ms. Mc Intosh and a director of the Company, stock options (the "Opt
--->ions") to purchase 150,000 common shares of the Company at a price equal to the closing price of the Company's common 
--->shares on May 29, 2012. The Options are exercisable for a period of five years and have been granted in accordance wit
--->h the terms of the Company's current stock option plan.

ABOUT GOLD FINDER EXPLORATIONS LTD.

Gold Finder Explorations Ltd. is a Canadian resource company, trading on the TSX Venture Exchange under the symbol GFN
--->, focused on growth through targeting advanced exploration projects. Gold Finder currently holds a 20% interest in the
---> Crescent Mine project located in the Silver Lake area of the State of Idaho.
CONTACT: Neil Linder, President and CEO (646) 620‐4442

ON BEHALF OF THE BOARD

"Neil Linder"

Neil Linder
President, Chief Executive Officer and Director


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release