TASMAN RESOURCES LTD — Capital/Financing Update 2004

Sep 9, 2004

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

$\mathbf{1}$

85 009 253 187

We (the entity) give ASX the following information.

Part 1 - All issues

⁺Class of ⁺securities issued or to be issued

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

• Number of ⁺securities issued or to be issued (if $\overline{2}$ known) or maximum number which may be issued
• Principal terms of the "securities (eg, if options, 3 exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for payment; if ⁺convertible securities, the conversion price and dates for conversion)
• Do the *securities rank equally in all respects from $\boldsymbol{\Lambda}$ 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 $\bullet$ 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
• 5 Issue price or consideration

Ordinary Fully Paid Shares Options - 28 Feb2006

6,100,000 6.100.000

\$0.075 per share plus one free attaching option (same as existing options expiring 28 February 2006) per share issued.

Purpose of the issue 6 (If issued as consideration for the acquisition of assets, clearly identify those assets)

The funds will be used to provide additional working capital for the Company to fund additional exploration and drilling on the Lake Torrens Project, and to fund the subscription for further shares in Eden Energy Ltd, the subsidiary of the Company, to fund the energy investments and finance preparation of a prospectus for Eden Energy Ltd.

$\overline{7}$ Dates οf entering *securities into uncertificated holdings $or$ despatch -of certificates

08 September 2004

Number and *class of all *securities quoted on 8 ASX (including the securities in clause 2 if applicable)

Number	+ Class
	77,852,515 Ordinary Fully Paid
	Shares
	40.730.849 Options – 28 Feb 2006

9 Number and ⁺class of all ⁺securities not quoted on ASX (including the securities in clause 2 if applicable)

Number	+ Class
Nil	Ordinary Fully Paid
	Shares
	Options $-28$ Feb2006

Dividend policy (in the case of a trust, $10¹⁰$ distribution policy) on the increased capital (interests)

As per existing shares
------------------------	--

Part 2 - Bonus issue or pro rata issue

$11$ Is security holder approval required? 12 Is the issue renounceable or non-renounceable? Ratio in which the "securities will be offered 13 $14$ ⁺Class of ⁺securities to which the offer relates 15 ⁺Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions

18	Names of countries in which the 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
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 - Ouotation of securities

You need only complete this section if you are applying for quotation of 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 convertible securities

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
• 36 If the "securities are "equity securities, a distribution schedule of the additional "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
• A copy of any trust deed for the additional *securities 37

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

Reason for request for quotation now Example: In the case 41 of restricted securities, end of restriction period

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

Number	÷ lass

Ouotation agreement

• *Quotation of our additional *securities is in ASX's absolute discretion. ASX may $\mathbf{I}$ 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 $\bullet$ 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.
• $\mathbf{4}$ 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 $\overrightarrow{ASX}$ 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:	09 September 2004