TASMAN RESOURCES LTD — Capital/Financing Update 2007

Apr 11, 2007

Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866

Website: www.tasmanresources.com.au

Australian Securities Exchange Announcement 12 April 2007

Fission Energy Limited – Uranium Spin-off Prospectus lodged with ASIC

Tasman Resources NL is pleased to announce that the prospectus for its upcoming uranium spin-off. Fission Energy Ltd ("Fission") was lodged on 11 April 2007 at the Australian Securities and Investments Commission ("ASIC"). As previously announced, Tasman shareholders registered at midnight on Monday, 16 April 2007 will receive a priority entitlement to take up shares in this new float. Accordingly, this will enable shareholders who have purchased shares on market up to and including Wednesday, 11 April 2007 to be eligible for this opportunity.

The Fission Energy float is to raise \$4 million, with a possibility of \$2 million in over subscriptions. The shares are being issued at 20 cents each, and Tasman shareholders have a priority entitlement for up to \$3.5 million (17.5 million shares).

The timetable for the IPO is as follows:-

• Following completion of the ASIC exposure period, the prospectus will be $1.$ circulated to both Tasman shareholders and to the general public.
• $2.$ The subscription lists will open on Thursday, 19 April 2007 at or around which time the prospectus together with the priority entitlement application forms will be despatched to the Tasman shareholders.
• $3.$ The projected closing date for applications is Friday, 1 June 2007, although the Company reserves the right subject to compliance with the Corporations Act and the Listing Rules, to vary these dates, including without limiting, to either extend the closing date or to close the offer early without prior notice.
• If the timetable as outlined above is complied with it is projected that the shares 4. will be quoted on the ASX on approximately Monday, 11 June 2007.

A copy of the prospectus is available for viewing at the Fission website at www.fissionenergy.com.au. Until the subscription lists open for application, the electronic version of the prospectus will not contain the application form, which will only be added and available for downloading after that date.

Grandman

Gregory H. Solomon Chairman