Flinders Mines : Extension to Entitlement Offer Closing Date

23 May 2017

Further to the announcements on 9 May 2017, the Board of Flinders Mines Limited (ASX: FMS) (Flinders or the Company) has today resolved to extend the Closing Date of the non-renounceable entitlement offer (Entitlement Offer), from 5.00pm (Adelaide time) 26 May 2017 to 5.00pm (Adelaide time) 2 June 2017.

The Entitlement Offer is an offer of approximately 290 million new fully paid ordinary shares in the Company (New Shares) on the basis of 1 New Share for every 11 existing shares held by eligible shareholders on the Record Date (Entitlement) at an issue price of $0.055 (5.5 cents) per New Share to raise approximately A$16 million (before costs).

The revised Entitlement Offer timetable is as follows:

The Company also advises that eligible shareholders can access their personalised Entitlement and Acceptance Form through Computershare's 'Investor Centre', via the below link:

https://www-au.computershare.com/investor/?gcc=au

For further information please contact:

David McAdam

Interim Executive Director (08) 9389 4483

Kat Fremlin Brand One Investor Relations 0451 354 858

Flinders Mines Limited ABN 46 091 118 044

www.flindersmines.com

45 Ventnor Avenue West Perth

Western Australia 6005

telephone 61 8 9389 4444

facsimile 61 8 9389 4400 email info@flindersmines.com