TASMAN RESOURCES LTD — Capital/Financing Update 2005

Aug 4, 2005

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 5 AUGUST 2005

ISSUE OF ORDINARY FULLY PAID SHARES

Tasman Resources NL ("the Company") announces it has agreed to issue 16,806,722 fully paid ordinary shares at an issue price of 11.9 cents per share raising \$2,000,000.00. These shares are to be issued to Top Energy Pty Ltd pursuant to a resolution passed at a meeting of shareholders held on 25 July 2005 and announced to the Australian Stock Exchange on that date.

Tasman now has working capital of \$3.28m and in addition Eden Energy Ltd (Tasman 50%) has working capital of \$1.57m.

The funds will be used to fund:

• additional exploration at the Company's 100% owned Lake Torrens Project and other tenements 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 $\bullet$ Australia covering gold, base metals and diamonds;
• the Company's ongoing working capital requirements.

Gregory H. Solomon Executive Chairman