TASMAN RESOURCES LTD — Annual Report 2005

Oct 26, 2005

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 5866 Email: mailroom@tasmanresources.com.au

27 October 2005

AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT

ANNUAL REPORT

Attached is copy of the following documents as being mailed to the shareholders on 27 October 2005;

Letter to Shareholders Notice of Annual General Meeting Proxy Form for Annual General Meeting The Annual Report for 2005 (sent as a separate attachment.)

Raymond Francis Buscall Company Secretary

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 5866 Email: mailroom@tasmanresources.com.au

26 October 2005

Dear Shareholder

Please find enclosed a copy of the annual report for the year ended 30 June 2005 together with notice of the annual general meeting and attached proxy form.

The past 12 months has seen Tasman substantially expand its exploration portfolio.

In relation to iron-oxide copper-gold targets, similar to Olympic Dam, the Company has moved the focus to Marathon South, 25km north-east of Olympic Dam. In November 2004, we intersected a significant zone of unmineralised haematite-altered volcanic breccia similar in style to breccias found within the nonmineralised parts of the Olympic Dam system. At the date of this letter, the Company is engaged in the follow-up drilling program and is currently drilling the second of four holes.

Additionally, the Company has acquired or expanded its activities over a range of other tenements, which are prospective for a range of commodities. These include:-

• 1. Parkinson Dam. Tasman has identified an area of previously unknown epithermal gold/silver mineralisation. Preliminary geochemical sampling of outcropping quartz veins and quartz float, over an area of approximately 5-6km², has provided extremely encouraging results. An Aboriginal heritage clearance over the area has been completed, and drilling of this shallow, exciting target is scheduled to commence in early December 2005.
• 1. Gawler Craton. Tasman has acquired a significant tenement portfolio in the central Gawler Craton prospective for uranium, gold, nickel and diamonds. These tenements include a potentially significant portion of the Wynbring palaeochannel which is prospective for roll front uranium, much of the Garford palaeochannel (considered prospective for roll front uranium), several interesting gold prospects and several areas with significant geochemical anomalies of nickel, cobalt and copper in calcrete. In November 2005 a helicopter mounted electrical survey will be conducted over part of this area, targeting extensions of the Wynbring palaeochannel focusing on uranium potential, and the most prospective nickel geochemical anomaly.
• $3₁$ Eden Energy Ltd. Considerable effort and funding has been focused on developing Eden Energy Ltd. a company set up by Tasman and in which Tasman currently holds over 48% of the shares. Eden has acquired an interesting portfolio of energy assets including a major stake in Brehon Energy plc (an Irish company involved in marketing a range of hydrogen related technologies, particularly in China), eight geothermal licences in South Australia, a large untested natural gas target in Central South Australia and a 50% farm-in agreement for coal bed methane, coal mine methane and natural gas over 430km² of the South Wales coalfields. It is planned to seek a stock exchange listing of Eden Energy during the next six months.

With the strength and diversity of these prospects, the directors are confident that the next 12 months will be an exciting time for the Company.

Yours sincerely

Gregory France

Gregory H. Solomon Executive Chairman

TASMAN RESOURCES NI (ACN 009 253 187)

NOTICE OF MEETING

Notice is hereby given that the Annual General Meeting of Tasman Resources N.L. ('the Company") will be held at the registered office of the Company, Level 40, Exchange Plaza, 2 The Esplanade, Perth at 2:30pm on Wednesday 30th of November 2005.

AGENDA

To consider and if thought fit to pass with or without amendment the following resolutions;

$\mathbf 1$ . Annual Accounts - As an Ordinary Resolution

To receive, consider and adopt the Financial Statements for the year ended 30 June 2005, together with the Directors' and Auditors' Reports and Directors' Statement thereon.

$2.$ Election of Director - As an Ordinary Resolution

To elect Mr Guy Touzeau Le Page who, in accordance with the Constitution of the Company, retires by rotation and being eligible offers himself for re-election.

3. Election of Director - As an Ordinary Resolution

To elect Mr Graham Roland Bedford who, having been appointed since the last annual general meeting, in accordance with the Constitution of the company, retires and being eligible offers himself for re-election.

Other Business:

To transact any business which may be brought before the meeting in accordance with the Constitution of the company and the Corporations Act 2001.

By Order of the Board of Directors

zrv

R F Buscall Secretary Dated this 27th day of October 2005

Notes Relating To Proxies:

As a member who is entitled to attend and vote at the statutory meeting, you are entitled to appoint not more than two proxies. Where more than one proxy is appointed, each proxy must be appointed to represent a specified proportion of your voting rights. A proxy need not be a member of the company, but should be a natural person over the age of 18 years. Forms must be lodged at the registered office of the company not less than 48 hours before the timing of the meeting.

TASMAN RESOURCES N.L. (ACN 009 253 187)

PROXY FORM ANNUAL GENERAL MEETING

I/We
Appoint	being a member/members of Tasman Resources N.L. entitled to attend and vote at the meeting, herebv
	Name of proxy

or failing the person so named or, if no person is named, the Chairman of the meeting or the Chairman's nominee, to vote in respect of % of my/our voting rights in accordance with the following directions, or if no directions
have been given, as the proxy sees fit at the Annual General Meeting of the company, to be held on Wednesday 30th of November 2005 and at any adjournment thereof. If no directions are given, the Chairman will vote in favour of all of the resolutions. $\sim$ A CALCUM $2.4024 - 2.222$

	Ordinary Resolutions:	FUK	AGAINST	ABSTAIN
1.	To adopt the reports and accounts
2.	To elect Mr GT Le Page
З.	To elect Mr GR Bedford

If you mark the abstain box for a particular item, you are directing your proxy not to vote on that item on a show of hands or on a poll and that your shares are not intended to be counted in computing the required majority on a poll.

Signed this	day of	2005.
-------------	--------	-------

Individuals and joint holders

Companies (affix common seal if appropriate)

Signature	Director
Signature	Director/Company Secretary
Signature	Sole Director and Sole Company Secretary

The Chairman intends to vote in favour of all 3 resolutions in respect of all undirected proxies. If you do not wish to direct your proxy how to vote please place a mark in the box. By marking this box you acknowledge that the Chairman may exercise your proxy even if he has an interest in the outcome of the resolution and votes cast by him other than as proxy holder will be disregarded because of that interest.

Notes:

• To be effective, this proxy and the power of attorney (if any) under which it is signed must be received at the Registered Office of the company, Level 40, Exchange Plaza, 2 The Esplanade, Perth, WA 6000 not $\mathbf{1}$ . less than 48 hours before the time for holding the meeting, or any adjournment thereof. If the member is a corporation, the form of proxy should be signed under seal if appropriate. $\mathbf{2}$