TASMAN RESOURCES LTD — Capital/Financing Update 2004

Sep 6, 2004

TASMAN RESOURCES NL

ACN 009 253 187 Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9221 5323 Facsimile: (08) 9221 5955 Email: mailroom@tasmanresources.com.au Website: www.tasmanresources.com.au

AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT

ISSUE OF ORDINARY FULLY PAID SHARES IN TASMAN RESOURCES NL AND EDEN ENERGY LTD

TASMAN RESOURCES NL

Tasman Resources NL ("the Company") announces that on 7 September 2004 it agreed to issue 6,100,000 fully paid ordinary shares together with one free attaching option (issued under the same terms and conditions as the existing listed options, $\text{-}$ to acquire fully paid ordinary shares at 20 cents per share on or before 28 February 2006 per share) at an issue price of 7.5 cents per share raising a total of \$457,500. These shares will be issued in accordance with sections $708(1)$ and 708(8) of the Corporations Act (Cwth) 2001 ("the Act") and under the 15% placement rule of the Australian Stock Exchange Listing Rules. A commission of 6% is payable to holders of Australian financial services licences.

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.

EDEN ENERGY LTD ("Eden")

Eden has agreed to issue 1,200,000 shares at an issue price of 10 cents per share, together with one free attaching option to acquire fully paid ordinary shares at 20 cents per share on or before 30 September 2009 for every 2 shares applied for in Eden, to raise a total of \$120,000. These funds, in addition to further funds to be subscribed by the Company, and any further seed capital funds which are raised in Eden, will be used to fund its various energy investments and to finance the preparation of a prospectus for Eden. These shares will be issued in accordance with sections 708 (1) and 708(8) of the Corporations Act (Cwth) 2001 ("the Act"). A commission of $6\%$ is payable to holders of Australian financial services licences.

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 in the Company 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.

Raymond F Buscall Company Secretary Dated $7^th$ day of September 2004