FDR Founders Metals Inc

Flinders Resources Limited ("Flinders" or the "Company") (TSX VENTURE:FDR)
provides an update on the final stages of work being completed to restart
graphite production from the Woxna mine and processing facility in central
Sweden. Woxna is a fully permitted brownfields graphite mine, having been on
care and maintenance since 2001. The plant refurbishment is on track for
recommencement of operations and production this month. 


Key progress milestones over the last month include:



--  All ordered equipment is on site and installed; 
--  Crushing campaign of the feed stockpile is complete; 
--  Wet commissioning of the processing plant is underway; 
--  Tailings dam civil works are substantially complete; 
--  Instrumentation and process controls is substantially complete; 
--  Site lab facility is installed and nearing completion. 



Blair Way, President & CEO states, "Wet commissioning of the processing plant is
progressing to plan, with the commencement of operations and production on track
for this month. This re-start of production will place Flinders at the forefront
of the graphite sector, with the ability to fill consumer needs and provide a
sustainable European alternative to Chinese supply."


On behalf of the Board,

Blair Way, President and CEO

Forward-Looking Information 

Certain information in this news release may constitute forward-looking
statements or forward-looking information within the meaning of applicable
securities laws (collectively, "Forward-Looking Statements"). All statements,
other than statements of historical fact that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future are Forward-Looking Statements. Forward-Looking Statements are
often, but not always, identified by the use of words such as "seek,"
"anticipate," "believe," "plan," "estimate," "expect," and "intend" and
statements that an event or result "may," "will," "can," "should," "could," or
"might" occur or be achieved and other similar expressions. Forward-Looking
Statements are based upon the opinions and expectations of the Company based on
information currently available to the Company. 

Forward-Looking Statements are subject to a number of factors, risks and
uncertainties that may cause the actual results of the Company to differ
materially from those discussed in the Forward-Looking Statements including,
among other things, the Company has yet to generate a profit from its
activities; there can be no guarantee that the estimates of quantities or
qualities of minerals disclosed in the Company's public record will be
economically recoverable; uncertainties relating to the availability and costs
of financing needed in the future; competition with other companies within the
mining industry; the success of the Company is largely dependent upon the
performance of its directors and officers and the Company's ability to attract
and train key personnel; changes in world metal markets and equity markets
beyond the Company's control; mineral reserves are, in the large part, estimates
and no assurance can be given that the anticipated tonnages and grades will be
achieved or that the indicated level of recovery will be realized; production
rates and capital and other costs may vary significantly from estimates; the
Company's decision to restart production at the Woxna graphite project is based
on historical production and the Company's preliminary economic assessment
("PEA") of the project and the Company has no plans to first complete a
pre-feasibility or feasibility study on the project, as a result there is an
increased risk of technical and economic failure for the Woxna graphite project;
unexpected geological conditions; delays in obtaining or failure to obtain
necessary permits and approvals from government authorities; all phases of a
mining business present environmental and safety risks and hazards and are
subject to environmental and safety regulation, and rehabilitation and
restitution costs; the Company does not maintain insurance against environmental
risks; and management of the Company have experience in mineral exploration but
may lack all or some of the necessary technical training and experience to
successfully develop and operate a mine. Although the Company believes that the
expectations reflected in the Forward-Looking Statements, and the assumptions on
which such Forward-Looking Statements are made, are reasonable, there can be no
assurance that such expectations will prove to be correct. Readers are cautioned
not to place undue reliance on Forward-Looking Statements, as there can be no
assurance that the plans, intentions or expectations upon which the
Forward-Looking Statements are based will occur. Forward-Looking Statements
herein are made as at the date hereof, and unless otherwise required by law, the
Company does not intend, or assume any obligation, to update these
Forward-Looking Statements. 


Preliminary Economic Assessment

The Company advises that it has not based its production decision on a
feasibility study of mineral reserves, demonstrating economic and technical
viability, and, as a result, there may be an increased uncertainty of achieving
any particular level of recovery of minerals or the cost of such recovery,
including increased risks associated with developing a commercially mineable
deposit. Historically, such projects have a much higher risk of economic and
technical failure. There is no guarantee that production will begin as
anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the
Company's ability to generate revenue and cash flow to fund operations. Failure
to achieve the anticipated production costs would have a material adverse impact
on the Company's cash flow and future profitability. 


The Company further cautions that the PEA is preliminary in nature. No mining
study has been completed. Mineral resources are not mineral reserves and do not
have demonstrated economic viability. There is no certainty that the PEA will be
realized.


Neither 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 the accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Flinders Resources Limited
Jim Powell
+1 647-478-5806
info@flindersresources.com

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