TSM

Tasman Metals Ltd. ("Tasman") (TSX VENTURE:TSM)(FRANKFURT:T61)(NYSE MKT:TAS) and
Flinders Resources Limited (TSX VENTURE:FDR) ("Flinders") announce that
negotiations with regard to the previously disclosed potential merger of the two
companies (see joint press release dated 12 December 2013) has concluded, with a
decision to not proceed. This decision not to proceed with the merger was taken
mutually by the Boards of Directors of both companies, after discussion with
various stakeholders including shareholders and customers. 


Tasman's primary focus is the Norra Karr rare earth element (REE) deposit in
central-southern Sweden, one of the world's largest known heavy REE projects,
with additional work underway on the nearby Yxsjoberg tungsten project,
historically northern Europe's largest tungsten producer. Flinders is developing
the Woxna flake graphite deposit in central Sweden, and is on target to become
the first TSX Venture Exchange listed company to produce and sell graphite,
scheduled for the 3rd quarter 2014. 


Mark Saxon, Tasman's President & CEO states, "With Tasman's management focused
on delivery of a pre-feasibility study on one of the world most significant
heavy REE deposits, the Board has chosen to conclude merger discussions with
Flinders at this time. Both companies have numerous milestones over the
remainder of 2014 and are reviewing many growth opportunities. We wish Flinders
all the best with the imminent Woxna mine re-start, and will watch Flinders
develop with much interest." 


Blair Way, Flinders' President & CEO states, "With July scheduled for the
re-start of graphite production from the Woxna project, it is important that we
stay focused to ensure we deliver on this milestone. We wish Tasman success for
their pre-feasibility study on the Norra Karr rare earth project." 


In addition to developing the above major assets, management of each company
continues to review opportunities and assets that can complement existing
business strategies and corporate skills.


Tasman's Qualified Person, Mr. Mark Saxon, President and Chief Executive Officer
of Tasman, and a Fellow of the Australasian Institute of Mining and Metallurgy
and Member of the Australian Institute of Geoscientists and a qualified person
as defined under NI 43-101, has reviewed and verified the contents of this news
release.


Flinders' Qualified Person, Mr. Michael Hudson, a Director of Flinders, a Fellow
of the Australasian Institute of Mining and Metallurgy and Member of the
Australian Institute of Geoscientists and a qualified person as defined under NI
43-101, has reviewed the scientific and technical disclosure in this news
release.


About Tasman Metals Ltd. 

Tasman is a Canadian mineral development company focused on critical metals
including Rare Earth Elements (REE's) and tungsten (W) in Scandinavia. Tasman is
listed on the TSX Venture Exchange under the symbol "TSM" and the NYSE-MKT under
the symbol "TAS". REE and tungsten demand is increasing, due to the metals'
unique properties that make them essential for high technology and industry.
Since over 95% of REE and 80% of tungsten supply is sourced from China, the
European Commission promotes policy to develop domestic supply of critical
metals to ensure the security of industry. Tasman receives research funding from
the European Commission. 


Tasman's exploration portfolio is uniquely placed, with the capacity to deliver
strategic metals from politically stable, mining friendly jurisdictions with
developed infrastructure and skills. Tasman's Norra Karr and Olserum projects in
Sweden are two of the most significant known heavy REE resources in the world,
enriched in dysprosium, yttrium, terbium and neodymium. Tasman is now focused on
the safe, sustainable and responsible development of its Scandinavian mineral
portfolio.


About Flinders Resources Limited 

Flinders is listed on the TSX Venture Exchange under the symbol FDR and owns
100% of the Woxna Project, a unique and strategic European graphite project in
central Sweden. The Woxna Project, with rated capacity of 10,000+ tonnes per
year of flake graphite, operated from 1996 to 2001 when production was halted
due to falling graphite prices. Since then, the Woxna Project has been placed on
care and maintenance. 


Materially better graphite prices today and forecast growth in graphite demand
is why Flinders is in the process of re-starting the Woxna Project. The Woxna
Project is fully permitted and requires moderate capital investment to restart
the facility and commence production. The Woxna Project is unique due to its
high quality large graphite flake, long life expandable resource, first class
existing infrastructure, potential to upgrade to value added lithium battery
graphite and its strategic position within the European Union.




On behalf of the Board of Tasman      On behalf of the Board of Flinders    
Metals Ltd.,                          Resources Limited,                    
                                                                            
Mark Saxon, President and CEO         Blair Way, President and CEO          



The TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange), the NYSE - MKT nor the
Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of
this news release.


Cautionary Note to U.S. Investors Concerning Mineral Resources and Reserves. 

In this news release, the definition of "mineral resources" is that used by the
Canadian securities administrators and conforms to the definition utilized by
CIM in the "CIM Standards on Mineral Resources and Reserves - Definitions and
Guidelines" adopted on August 20, 2000 and amended December 11, 2005.


The standards employed in estimating the mineral resources referenced in this
news release differ significantly from the requirements of the United States
Securities and Exchange Commission (the "SEC") and the resource information
reported may not be comparable to similar information reported by United States
companies. The term "resources" does not equate to "reserves" and normally may
not be included in documents filed with the SEC. "Resources" are sometimes
referred to as "mineralization" or "mineral deposits." While the terms "mineral
resource", "measured mineral resource", "indicated mineral resource" and
"inferred mineral resource" are recognized and required by Canadian regulations,
they are not defined terms under standards in the United States and normally are
not permitted to be used in reports and registration statements filed with the
SEC. The terms "mineral reserve", "proven mineral reserve" and "probable mineral
reserve" are Canadian mining terms as defined in accordance with National
Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")
and the CIM - CIM Definition Standards on Mineral Resources and Mineral
Reserves, adopted by the CIM Council, as may be amended from time to time by the
CIM. These definitions differ from the definitions in the United States
Securities and Exchange Commission Industry Guide 7 ("SEC Industry Guide 7")
under the Securities Act of 1933. Under Canadian rules, estimates of inferred
mineral resources may not form the basis of feasibility or prefeasibility
studies, except in rare cases. Disclosure of "contained ounces" in a resource is
permitted disclosure under Canadian regulations; however, the SEC normally only
permits issuers to report mineralization that does not constitute "reserves" by
SEC standards as in place tonnage and grade without reference to unit measures.


The estimation of measured, indicated and inferred mineral resources involves
greater uncertainty as to their existence and economic feasibility than the
estimation of proven and probable reserves. U.S. investors are cautioned (i) not
to assume that measured or indicated resources will be converted into reserves
and (ii) not to assume that estimates of inferred mineral resources exist, are
economically or legally minable, or will be upgraded into measured or indicated
mineral resources. It cannot be assumed that Tasman will identify any viable
mineral resources on its properties or that any mineral reserves, if any, can be
recovered profitably, if at all. As such, information contained in this news
release and the documents incorporated by reference herein concerning
descriptions of mineralization and resources under Canadian standards may not be
comparable to similar information made public by United States companies in SEC
filings.


Forward-Looking Information 

Certain information in this news release may constitute forward-looking
statements or forward-looking information within the meaning of applicable
Canadian securities laws and as defined in the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, "Forward-Looking Statements"). All
statements, other than statements of historical fact that address activities,
events or developments that Tasman or Flinders 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 Tasman and/or
Flinders based on information currently available to them. Forward-Looking
Statements are subject to a number of factors, risks and uncertainties that may
cause the actual results to differ materially from those discussed in the
Forward-Looking Statements including, among other things, that neither Tasman
nor Flinders 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
Tasman's or Flinders' 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 either Tasman or Flinders is largely dependent upon the performance of its
directors and officers and its ability to attract and train key personnel;
changes in world metal markets and equity markets; 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; 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,
rehabilitation and restitution costs and Flinders' decision to restart
production at the Woxna Project is based on historical production and a
preliminary economic assessment of the project and Flinders has no plans to
first complete a pre-feasibility or feasibility study on the Woxna Project, as a
result there is an increased risk of technical and economic failure for the
project. 


Although each of Tasman and Flinders 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, neither Tasman nor
Flinders intends, or assumes any obligation, to update these Forward-Looking
Statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tasman Metals Ltd.
Jim Powell
+1 647 478 5806
info@tasmanmetals.com
www.tasmanmetals.com

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