Mr. Mark Saxon of Tasman reports

TASMAN SHAREHOLDERS APPROVE ARRANGEMENT WITH FLINDERS

Tasman Metals Ltd. and Flinders Resources Ltd. have released the results of Tasman's annual general and special meeting of shareholders held on Aug. 18, 2016. Tasman and Flinders's previously announced acquisition of all of the issued and outstanding common shares of Tasman by Flinders by way of plan of arrangement has been approved by the shareholders of Tasman.

At the meeting, Tasman's shareholders voted overwhelmingly in favour of a special resolution to approve the arrangement between Tasman, Flinders and Tasman's shareholders. The arrangement remains subject to certain conditions, including final acceptance from the TSX Venture Exchange and a final order of the Supreme Court of British Columbia. A court hearing for the final order to approve the arrangement is scheduled to take place on Aug. 23, 2016, or such other date as the Tasman directors may by resolutions decide.

Provided that all conditions to completion of the arrangement are satisfied or waived, on the effective date of the arrangement, each shareholder of Tasman will receive 0.5 of a Flinders share for each Tasman share held immediately prior to the effective date of the arrangement, subject to the terms and conditions of the arrangement.

To receive Flinders's shares, after completion of the arrangement, former Tasman registered shareholders must surrender the certificates representing their Tasman shares, together with a duly completed and executed letter of transmittal, to Computershare Investor Services Inc. A letter of transmittal was mailed to Tasman registered shareholders with Tasman's information circular dated July 15, 2016, and is available on Tasman's website and under Tasman's profile on SEDAR.

In addition, at the meeting, Mark Saxon, Nick DeMare, Michael Hudson, David Henstridge and Robert Atkinson were elected to serve as directors of Tasman for the ensuring year. Shareholders of Tasman also voted to reapprove Tasman's 10-per-cent rolling stock option plan, and approved the appointment of D+H Group LLP, chartered accountant, as the auditor of Tasman for the ensuing year and the authorization for the directors of Tasman to fix its remuneration.

Subsequent to the meeting, Tasman's directors appointed Mr. Saxon as president and chief executive officer, Mr. DeMare as chief financial officer, and Mariana Bermudez as corporate secretary of Tasman. Mr. Atkinson, Mr. Henstridge and Mr. Hudson were appointed as members of Tasman's audit committee.

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