diff --git a/resource/src/main/java/io/smallrye/common/resource/PathResourceLoader.java b/resource/src/main/java/io/smallrye/common/resource/PathResourceLoader.java
index 55201ae8..ad213e6e 100644
--- a/resource/src/main/java/io/smallrye/common/resource/PathResourceLoader.java
+++ b/resource/src/main/java/io/smallrye/common/resource/PathResourceLoader.java
@@ -5,6 +5,7 @@
 import java.net.MalformedURLException;
 import java.net.URL;
 import java.nio.file.FileSystem;
+import java.nio.file.Files;
 import java.nio.file.Path;
 
 import io.smallrye.common.constraint.Assert;
@@ -41,7 +42,11 @@ public PathResourceLoader(final FileSystem fs) {
 
     public Resource findResource(final String path) {
         String canon = ResourceUtils.canonicalizeRelativePath(path);
-        return new PathResource(canon, base.resolve(canon));
+        Path filePath = base.resolve(canon);
+        if (!Files.exists(filePath)) {
+            return null;
+        }
+        return new PathResource(canon, filePath);
     }
 
     public URL baseUrl() {