Launched on the same day as "So Why So Sad",[4] this was the first release by the Manics since the number one hit "The Masses Against the Classes" thirteen months earlier. It reached a UK chart position of number 9 on 10 March 2001,[5] in the same week that "So Why So Sad" reached number 8.[6] Fewer than 200 copies separated "Found That Soul" from "So Why So Sad", placing it one place lower at number 9.[7] Despite making the top ten it wasn't included on the band's greatest hits album, Forever Delayed, making it the band's only top ten single at the time of the compilation's release not to appear.
The CD also included versions of "Locust Valley" and "Ballad of the Bangkok Novotel," whereas the 7" included a live version of "The Masses Against the Classes". "Ballad of the Bangkok Novotel" is entirely sung by Nicky Wire. In Benjamin Millar's review of Know Your Enemy for The Blurb, he described "Found That Soul" which "gets us off to a manic and electric start, a sonic attack that makes a huge noise for a three-piece."[8]