TASMAN RESOURCES LTD — Capital/Financing Update 2004

Dec 2, 2004

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

TASMAN RESOURCES NL

ABN

85 009 253 187

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+ Class of + securities issued or to be issued	Ordinary Fully Paid Shares
		Options - 28 February 2006
2	Number of $\dagger$ securities issued or to be issued (if known) or maximum	9,000,000 Ordinary Fully Paid Shares
	number which may be issued	2,250,000 Options - 28 February 2006
3	Principal terms of the "securities"	Options are as per existing options (TASO) –
	(eg, if options, exercise price and	Exercisable at 20 cents per share on or before
	expiry date; if partly paid	28 February 2006.
	*securities, the amount outstanding
	and due dates for payment; if
	*convertible securities. the
	conversion price and dates for
	conversion)

4	Do the "securities rank equally in all respects from the date of allotment with an existing "class of quoted *securities?	Yes
	If the additional securities do not rank equally, please state: the date from which they do which extent they the tο participate for the next dividend, οf the (n case a trust. distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
5	Issue price or consideration	shares applied for.	9,000,000 ordinary shares at \$0.22 per share plus one free attaching option for every four
6.	Purpose of the issue	The purpose of the Offer is to raise funds for:
	(If issued as consideration for the acquisition of assets, clearly identify those assets)	additional exploratory drilling at the Company's diamonds;	100% owned Lake Torrens Project in South Australia which will include an expanded drilling program at the Marathon Prospect and other ongoing exploration commitments in South Australia covering gold, base metals and
		ongoing investment in Brehon Energy plc, through the Company's subsidiary, Eden Energy Ltd;	additional capital to fund the Company's
		working capital requirements.	and sufficient funding to meet the Company's
7	Dates of entering *securities into uncertificated holdings Of despatch of certificates	Progressively on receipt of applications.
		Number	+ Class
8	Number class οf and. all securities quoted $\mathbf{A}\mathbf{S}\mathbf{X}$ $-$ on (including the securities in clause	86,902,515	Ordinary Fully Paid Shares
	2 if applicable)	43,980,849	Options - 28 Feb2006
		Number	+ Class

• $\ddot{Q}$ Number and ⁺class of all Nil Ordinary Fully Paid *securities not quoted on ASX Shares (including the securities in clause 2 if applicable) Nil Options - 28 Feb2006
• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

As per existing shares

Part 2 - Bonus issue or pro rata issue

$11$ security Is holder approval required? 12 Is the issue renounceable or nonrenounceable? Ratio in which the "securities will 13 be offered $14$ ⁺Class of ⁺securities to which the offer relates 15 *Record date to determine entitlements Will holdings on different registers 16 (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions Names of countries in which the 18 entity has "security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission

Appendix 3B New issue announcement

22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of *security holders
25	If the issue is contingent on *security holders' approval, the date of the meeting
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28.	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)
30	How do "security holders sell their entitlements in full through a broker?
31	How do "security holders sell part of their entitlements through a broker and accept for the balance?
32	How do *security holders dispose of their entitlements (except by sale through a broker)?
33	+ Despatch date

Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities

34 Type of securities $(iick one)$

Securities described in Part 1 $(a)$ $\bar{\mathbf{X}}$ $(b)$ All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee
incentive share securities when restriction ends, securities issued on expiry or conversion of conve

Entities that have ticked box 34(a) Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the "securities are "equity securities, the names of the 20 largest holders of the additional *securities, and the number and percentage of additional *securities held by those holders
• If the "securities are "equity securities, a distribution schedule of the additional 36 *securities setting out the number of holders in the categories $1 - 1.000$ $1,001 - 5,000$ $5,001 - 10,000$ $10,001 - 100,000$ 100,001 and over
• 37 A copy of any trust deed for the additional "securities

Entities that have ticked box 34(b)

• 38 Number of securities for which ⁺quotation is sought
• 39 Class of *securities for which quotation is sought
• 40 Do the ⁺securities rank equally in all respects from the date of allotment with an existing "class of quoted *securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)

		Number	+ Class
42	Number and + class of all + securities quoted on ASX (including the securities in clause 38)

Quotation agreement

• $\mathbf{I}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the "securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the ⁺securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this .
warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any "securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the *securities to be quoted, it has been provided at the time that we request that the "securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the "securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:	Raymond Francis Buscall
	Company Secretary
Date:	3 December 2004