ann

26 June 2008
The Manager
Companies Announcements Office
Australian Securities Exchange
20 Bridge Street SYDNEY NSW 2000
Flinders Mines Limited (“Flinders”) is pleased to announce that as a result of a meeting of its
independent Directors it intends to exercise its holding of $0.20 strike MXRO options in Maximus
Resources Limited (“Maximus”, ASX: MXR).
Flinders is currently the holder of 7,000,000 Ordinary Shares in Maximus, 3,500,000 MXRO Options
and 1,400,000 MXROA Options. The MXRO Options to be exercised will expire 30 June 2008.
Flinders believes the potential for Maximus to add value to its asset base is significant and as such
intends to ensure its exposure to these projects is not diluted. In particular, Flinders has a particular
interest in the outcome of upcoming resource delineation drilling at the Maximus Canegrass iron ore
prospect in the Mid-West of WA. Flinders will also be entitled to receive options under the Bonus Option
Issue that Maximus announced on 20 June 2008.
R M Kennedy
Chairman