TASMAN RESOURCES LTD — Capital/Financing Update 2004

Dec 14, 2004

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 15 DECEMBER 2004

ISSUE OF ORDINARY FULLY PAID SHARES

Tasman Resources NL ("the Company") announces that on 15 December 2004 it has issued 5.010.000 fully paid ordinary shares together with one for four free attaching options (1.252.500) (issued under the same terms and conditions as the existing listed options, - to acquire fully paid ordinary shares at 20 cents per share on or before 28 February 2006 per share) at an issue price of 22 cents per share raising a total of \$1,102,200,00. These shares have been issued in accordance with sections 708 (1) and 708(8) of the Corporations Act 2001 ("the Act") and under the $15\%$ placement rule of the Australian Stock Exchange Listing Rules. A commission of 5% is payable to Australian Financial Services Licencees.

The funds will be used to fund

• additional exploratory drilling at the Company's 100% owned Lake Torrens Project in South Australia which will include an expanded drilling program at the Marathon Prospect;
• additional capital to meet the Company's other ongoing exploration commitments in South Australia covering gold, base metals and diamonds:
• additional capital to meet the Company's ongoing investment commitments to Brehon Energy plc, and the Company's Geothermal Tenements in South Australia through the Company's subsidiary, Eden Energy Ltd, over the next 6 months;
• sufficient funding to meet the Company's ongoing working capital requirements.

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