Mr. Blair Way of Flinders Resources reports

FLINDERS AND TASMAN ANNOUNCE CLOSING OF THE ARRANGEMENT; NAME CHANGE TO LEADING EDGE MATERIALS CORP.

Tasman Metals Ltd. and Flinders Resources Ltd. have closed the previously announced plan of arrangement, pursuant to which Flinders has acquired all of the issued and outstanding shares of Tasman, effective on Thursday, Aug. 25, 2016. The arrangement was approved by Tasman shareholders on Aug. 18, 2016, and by the Supreme Court of British Columbia on Aug. 23, 2016.

With the completion of the arrangement, Tasman's shares will be delisted at the close of business on Aug. 25, 2016.

As at the effective date, each Tasman shareholder is entitled to receive 0.5 of one Flinders common share for each share of Tasman held immediately prior to the effective date, subject to adjustments. In order to receive Flinders shares, Tasman's 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. The letter of transmittal was mailed to Tasman shareholders with Tasman's management information circular dated July 15, 2016, and is available under Tasman's profile on SEDAR. The letter of transmittal is for use by registered shareholders only and is not to be used by beneficial holders of Tasman shares. A beneficial shareholder does not hold shares in its name, but such shares are held by an intermediary, such as a brokerage firm, or clearing agency, such as CDS. If you are a beneficial shareholder, your intermediary will submit the required documentation in order to receive Flinders shares.

In connection with the arrangement, Mark Saxon has resigned as president and chief executive officer of Tasman. David Henstridge and Robert Atkinson have resigned as directors of Tasman. In addition, Mr. Atkinson has also resigned as a director of Flinders. The board of Flinders now comprises Blair Way, Nick DeMare, Michael Hudson and Mr. Saxon.

Mr. Way, president and CEO, stated: "We wish to thank Mark for his dedication and efforts during his tenure as president and CEO of Tasman, and for his involvement in closing of the arrangement. We look forward to continuing to work with Mark in his capacity as independent director of Flinders. We also wish to acknowledge and thank Messrs. Henstridge and Atkinson for their dedication and contributions during their tenure as directors, and wish them all the best in their future endeavours."

Also, effective Aug. 25, 2016, Flinders has changed its name to Leading Edge Materials Corp. The name change was approved by Flinders's board, in accordance with its articles, and has been approved by the TSX Venture Exchange. At the opening of trading on Aug. 26, 2016, Flinders common shares will commence trading on the TSX-V under its new name and new trading symbol LEM.

Canadian regulatory requirements

Pursuant to the arrangement, Flinders acquired all of the issued and outstanding common shares of Tasman in consideration of 0.5 of a common share of Flinders for each outstanding Tasman share. Flinders now owns 100 per cent of the outstanding Tasman shares. On closing of the arrangement, Flinders issued an aggregate of 33,070,948 Flinders shares to the former Tasman shareholders, who now hold approximately 41.3 per cent of the 80,036,678 Flinders shares issued and outstanding as of the closing date of the arrangement, on an undiluted basis.

We seek Safe Harbor.