TASMAN RESOURCES LTD — Capital/Financing Update 2003

Jul 2, 2003

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: gsolomon@tasmanresources.com.au Website: www.tasmanresources.com.au

AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT

3 JULY 2003

ISSUE OF ORDINARY FULLY PAID SHARES - CORRECTION

Tasman Resources NL ("the Company") advises that due to an arithmetic error, the correct number of shares which the Company agreed on 27 June 2003 to be issued at 12 cents was 2,083,333 to raise \$250,000, not 2,000,000 shares at 12 cents to raise \$240,000 as advised in the announcement on 30 June 2003

These shares will be issued in accordance with sections 708 (1) and 708(8) of the Corporations Act 2001 (Cth) ("the Act") and under the 15% placement rule of the Australian Stock Exchange Listing Rules. A commission of 6% is payable to Australian Financial Services Licencees.

The funds will be used to extend or follow up the current drilling programme at the Lake Torrens Project.

Information Notification - Secondary Trading

For the purposes of Item 5 of Category 1, Schedule C of Class Order 02/1180 referred to below, the Company also notifies the ASX that all of the securities being issued will fall within Category 1 of the Class Order 02/1180 issued by the Australian Securities and Investments Commission on 29 November 2002, which alters the secondary trading provisions of the Act in specified circumstances, and that all information of the kind that would be required to be disclosed under subsection 713(5) of the Act if a prospectus were to be issued in reliance on section 713 of the Act in relation to an offer of securities has been disclosed to the ASX.

Gregory H. Solomon Executive Chairman Dated 3^rd day of July 2003