TASMAN RESOURCES LTD — Capital/Financing Update 2004

Jun 2, 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: rbuscall@tasmanresources.com.au Website: www.tasmanresources.com.au

AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT

ISSUE OF OPTIONS TO ACOUIRE ORDINARY FULLY PAID SHARES AT 20 CENTS ON OR BEFORE 28 FEBRUARY 2006

Tasman Resources NL ("the Company") announces that on 3 June 2004 it has issued 4,000,000 options to acquire fully paid ordinary shares at 20 cents on or before 28 February 2006 at an issue price of 1.5 cents per option raising a total of \$60,000.00. These options 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 holders of Australian financial services licences.

The funds raised will be used to fund the proposed July drilling programme at Titan.

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.

Raymond F Buscall Company Secretary Dated 3^rd day of June 2004