EDEN INNOVATIONS LTD

==> picture [212 x 81] intentionally omitted <==

ACN 009 253 187

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

16 JANUARY 2017

COLORADO PRODUCTION EXPANSION PROGRESS

Please see attached ASX Announcement by Eden Innovations Ltd (ASX: EDE) for further details.

Background

Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 493,198,298 fully paid shares in Eden (representing 39.30% of the total issued capital of Eden) and 101,356,779 EDEO options (representing 47.48% of the issued EDEO options). This equates to 1.29 EDE shares and 0.27 EDEO options held for every Tasman share issued.

Based on the last traded prices on the ASX of EDE ($0.235) and EDEO ($0.205) on 15 December 2016, this investment had a market value of $136 million, which is equivalent to 35.8 cents for every currently issued TAS share.

==> picture [66 x 40] intentionally omitted <==

Aaron Gates Company Secretary

Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: [email protected]

==> picture [129 x 55] intentionally omitted <==

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

16 January 2016

COLORADO PRODUCTION EXPANSION PROGRESS

HIGHLIGHTS

The expansion of Eden’s Colorado based production capability of EdenCrete[TM] to a targeted maximum of 2 million - 2.4 million gallons per year is progressing well but due to several minor local government delays in approvals, is now projected to be fully operational by some time in April 2017.
40,000 gallons underground storage capacity installed 11 January 2017
Two new larger scale carbon nanotube (CNT) production reactors scheduled for delivery on 17 January 2017, with installation and commissioning scheduled to be completed by the end of March 2017 or early in April 2017.
All other necessary plant and equipment including large-scale storage silos for CNT and Liquid Nitrogen is scheduled for delivery and installation progressively until early March 2017.

DETAILS

Eden Energy Limited (“Eden”) (ASX: EDE) continues to make further encouraging progress in the expansion in the US of its Colorado based EdenCrete[TM] concrete admixture production facility.

Expansion of Eden’s Denver-based EdenCrete[TM ] Production Capability

The expansion of the production capability of Eden’s Colorado based EdenCreteTM production facility from its present level of approximately 108,000 gallons per annum of EdenCrete[TM] to a target of between approximately 2 million - 2.4 million gallons (7.6 - 9.1 million litres) per annum or approximately 40,000 gallons (151,000 litres) of finished product per week, is well underway and progressing well.

The entire up-scaling has been again delayed by approximately 2-4 weeks due to governmental delays beyond Eden’s control in processing Eden’s applications for the required building permits.

Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com

The entire plant upgrade is now scheduled to be completed and fully operational during April 2017. In the meantime production using the existing production equipment will continue. Eden currently holds a considerable inventory of EdenCrete[TM] that will be used to supply orders that may be received before the new plant is fully commissioned.

Details of work that has occurred and is scheduled to occur include:

Two 20,000 gallons underground storage tanks were installed 11 January 2017 (see Figures 1 and 2)
Two new large scale carbon nanotube (CNT) production reactors are scheduled for delivery on 17 January 2017, with installation and commissioning scheduled to be completed by the end of March 2017 or early in April 2017.
All other necessary plant and equipment, including large-scale storage silos for the various components and consumables, is scheduled for delivery and installation progressively until March 2017.

==> picture [435 x 33] intentionally omitted <==