EDEN INNOVATIONS LTD — Capital/Financing Update 2006

Aug 13, 2006

TASMAN RESOURCES NL

ACN 009 253 187 Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5955 Email: rbuscall@tasmanresources.com.au Website: www.tasmanresources.com.au

AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT 14 AUGUST 2006

Option to acquire further shares and options in Eden Energy Ltd ("Eden")

Noble Energy Ltd ("Noble"), a wholly owned subsidiary of Tasman Resources NL ("Tasman") has agreed with Top Energy Pty Ltd ("Top Energy") to vary the structure and terms of the options which it holds, subject to Eden shareholder approval, to acquire from Top Energy 21,397,154 fully paid ordinary shares and 9,876,768 options in Eden, (being all the nonescrowed securities in Eden held by Top Energy).

The new terms of the option, which is still conditional upon approval by the shareholders of Eden pursuant to S623 of the Corporations Act 2001, are as follows:-

• $(1)$ The option is exercisable up to 29 September 2006.
• The total exercise price for the option is \$2,800,000, a reduction of \$756,495.80 $(2)$ from the previous price.

Subject to variation of the proposed resolutions to accommodate the changes to the option, the extra-ordinary general meeting of Tasman shareholders to be held on 18 August 2006 will proceed.

Gregory H. Solomon Executive Chairman