TASMAN RESOURCES LTD — Capital/Financing Update 2008

Jun 15, 2008

ACN 009 253 187

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 16[th] June 2008

QUEENSLAND DRILLING PROGRAM TO START NEXT MONTH COLLABORATIVE DRILLING FUNDING APPROVED

Tasman Resources NL (ASX: “TAS”) is pleased to announce that it will next month commence a drilling program on its Mirrica gold and base metal prospect in South West Queensland.

The Mirrica program will be supported by Tasman’s successful submission to the Queensland Government, Department of Mines and Energy for funding for Round 2 of the “Collaborative Drilling Initiative of the Smart Mining - Future Prosperity Program”.

The Government funding, which was announced by the Queensland Minister for Mines and Energy last Wednesday, will cover 50% of Tasman’s drilling costs (up to $65,000 ) for the testing of a number of gold and base metal soil geochemical anomalies identified at the Mirrica project (Figure 1).

The Mirrica Project is located on the eastern edge of the Simpson Desert approximately 350km south-southwest of Mt Isa.

Tasman’s principal exploration target is Proterozoic gold and/or base metal mineralisation under relatively thin cover rocks of the Eromanga Basin and Simpson Desert sands. The area lies in a very complex structural setting with folding, faulting, interpreted mafic units, demagnetised zones and alteration noted in the very limited drilling which has penetrated Proterozoic basement under shallow cover .

The Mirrica area is an extremely under-explored region relative to the Mt Isa Block and has only received the attention of two previous mineral explorers including BHP in 1988 which tested selected magnetic highs for Broken Hill style targets.

Exploration in the area has been considerably hampered by the relative remoteness, difficult sand dune terrain and perception of deep cover and until recently, lack of good quality geophysical data.

Tasman has attempted to delve deeper into previous geochemical data using techniques such as element levelling to elucidate low level soil geochemical targets. Gold assays up to 24ppb (background <1ppb) have been returned from lag soils collected in the sand dune corridors. None of these targets have been tested by any previous drilling.

Air core remaining on the surface from BHP’s 1988 drilling returned a gold assay of 0.2g/t in one hole located on strike 4km to the south of the main gold geochemical target (Figure 2).

Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: mailroom@tasmanresources.com.au

Drilling at Mirrica is planned to commence in July.

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Greg Solomon Executive Chairman

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Figure 1: Mirrica Project Location Plan

Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: mailroom@tasmanresources.com.au

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Figure 2a: Landsat Image over Mirrica Project showing Simpson Desert sand dunes, soil geochemical anomalies and previous drill hole locations.

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Figure 2b: Total Magnetic Intensity Image

Legend:

Previous Explorers Drill Holes: Green dots Soil/Lag Anomaly Outlines:

Red Cu (lag) Blue Pb (lag) Yellow Au (lag/soil)