Flinders Resources appoints Process Manager at Kringel graphite project, Sweden

VANCOUVER, May 2, 2012 /CNW/ - Flinders Resources Limited ("Flinders") (TSXV: FDR). Mr. Martin McFarlane, President & CEO announces that Flinders has appointed Dan Pettersson as Process Manager at the Company's 100% owned Kringel graphite mine in central Sweden.

Dan joins Flinders from Lundin Mining's Zinkgruvan base metals mine in Sweden where for the past 10 years he has been the section head for the enrichment operations which processes the zinc ore to concentrate. Prior to joining Zinkgruvan, Dan was the process engineer at the Kringel (formerly known as Woxna) graphite mine. Dan has qualifications in engineering.

Mr McFarlane states: "Dan's appointment adds significant processing capability to Flinders that will facilitate the rapid refurbish the Kringel mill and maximise graphite revenue by optimising the recovery of high grade large flake graphite, which attracts a notable premium over powder graphite. In the current competitive global market for mining personnel, it is pleasing to attract such a high calibre person, with Dan's extensive technical experience, and also with excellent knowledge of Flinders Kringel plant."

In March, Flinders announced it had initiated a drill program of 35 holes for 2,500 metres at the main Kringel deposit with the aim of reclassifying the historic graphite resources estimates to current NI 43-101 standards, and test for extensions of the deposit below 50 metres and along strike.

To date, 20 holes for 1,923 metres have been completed. While assays have yet to be received, drilling has intersected graphite mineralisation where expected and over widths that are, on average, thicker than predicted. Additionally, several deeper holes up to 135 metres in length have encountered new zones of graphite below the historic resource that was drilled, on average, to only 50 metres depth.

Drilling is expected to be completed around the third week of May. Final assay results are expected toward the end of June with completion of resource modelling and reporting toward the end of July 2012.

The qualified person for the Kringel project is Mr. Geoff Reed, a consultant to Flinders Resources Limited and Member of the Australian Institute of Mining and Metallurgy (CP), has reviewed and verified the contents of this release

On behalf of the Board

"Martin McFarlane"
Martin McFarlane, President and CEO

Certain information set out in this news release may constitute forward-looking information. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, 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 included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. These statements 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.

Neither the 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 accuracy of this news release.

Jim Powell [phone]
[email protected]