TASMAN RESOURCES LTD — Capital/Financing Update 2007

Feb 12, 2007

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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, 24/10/2005.

Name of entity

Tasman Resources NL

$\mathbf{ABN}$

85 009 253 187

We (the entity) give ASX the following information.

Part 1 - All issues

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

	+ Class of + securities issued or to be issued	Ordinary Shares 20 cent 31 December 2009 Options
2	Number of + securities issued or to be issued (if known) or maximum number which may be issued	13,627,188 Ordinary Shares (estimated) 6,813,594 20 cent 31 December 2009 Options (estimated)
3	Principal terms of the *securities (eg, if options, exercise price and expiry date; if partly paid 'securities, the amount outstanding and due dates payment; if + convertible for securities, the conversion price and dates for conversion)	Ordinary Shares Options $-$ each to acquire 1 fully paid ordinary share at an exercise price of 20 cents exercisable at any time up to and including 31 December 2009

⁺ See chapter 19 for defined terms.

4	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 extent to which the 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	Yes, both
5.	Issue price or consideration	16 cents per Ordinary Shares with one free attaching Option for every 2 Ordinary Shares subscribed for.
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Non-renounceable rights issue, with the funds raised being applied to pay the expenses of the issue, to fund the ongoing exploration activities working capital requirements of the Company.	of the Company and to fund the on-going
7	Dates of entering *securities into uncertificated holdings or despatch of certificates	Approximately 23 March 2007
8	Number and + class of all ASX. *securities quoted on (including the securities in clause 2 if applicable)	Number $122,644,698$ (est'd) 12,813,594 (est'd)	+ Class Ordinary Shares 20 cent 31 December 2009 Options

⁺ See chapter 19 for defined terms.

$\overline{9}$ Number and ⁺class of all *securities not quoted on ASX (including the securities in clause 2 if applicable)

Number	+ Class
3,200,000	Options issued to
	employees under ESOP

$10¹⁰$ Dividend policy (in the case of a $\left[ \right]$ trust, distribution policy) on the increased capital (interests)

No dividends anticipated to be declared for the foreseeable future

Part 2 - Bonus issue or pro rata issue

11	security holder Ĭs approval required?	N 0
12	Is the issue renounceable or non- renounceable?	Non-renounceable
13	Ratio in which the *securities will be offered	1:8
14.	+ Class of + securities to which the offer relates	Ordinary Shares (with one free attaching 20 cent 31 December 2009 Option for every two Ordinary Shares subscribed for)
15	*Record date determine to entitlements	21 February 2007
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?	Yes
17	Policy for deciding entitlements in relation to fractions	Fractional entitlements will be rounded up to the nearest whole number of new Ordinary Shares (and attaching 20 cent 31 December 2009 Options)
18	Names of countries in which the entity has *security holders who will not he l sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.	United Kingdom, Peoples Republic of China, Singapore, Germany, Netherlands, Thailand, United States of America
19	Closing date for оf receipt acceptances or renunciations	15 March 2007

⁺ See chapter 19 for defined terms.

Appendix 3B New issue announcement

20	Names of any underwriters	Taylor Collision Ltd A.C.N. 008 172 450 and RM Capital Pty Ltd A.C.N. 065 412 820
21	Amount of any underwriting fee or commission	\$109,017.50
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to the broker to the issue	N/A
24.	Amount of any handling fee payable to brokers who lodge acceptances renunciations on behalf of or *security holders	N/A
25.	If the issue is contingent on *security holders' approval, the date of the meeting	N/A
26.	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled	27 February 2007
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	Option holders notified on 31 January 2007
28	Date rights trading will begin (if applicable)	N/A
29.	Date rights trading will end (if applicable)	N/A
30	How do *security holders sell their entitlements in full through a broker?	N/A
31	How do *security holders sell part of their entitlements through a broker and accept for the balance?	N/A

⁺ See chapter 19 for defined terms.

32 How do *security holders dispose of $N/A$ their entitlements (except by sale through a broker)?

33 *Despatch date

23 March 2007

Part 3 - Quotation of securities

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

• 34 Type of securities (tick one)
• $(a)$ Securities described in Part 1
• $(b)$ All other 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

• 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
• If the *securities are *equity securities, a distribution schedule of the additional 36 *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

37

35

A copy of any trust deed for the additional *securities

⁺ See chapter 19 for defined terms.

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
• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

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

Number	*Class

⁺ See chapter 19 for defined terms.

Quotation agreement

• $\mathbf{I}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• $\bullet$ The issue of the *securities to be quoted complies with the law and is not for 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.
• 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.
• $\mathfrak{Z}$ 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.
• $\overline{4}$ 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 ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

hf Ang anna ^togannapa mapana

Gregory H. Solomon

Sign here:

...................................... (Director)

Print name:

$m = m$ $m = m$ $m = m$

⁺ See chapter 19 for defined terms.