TASMAN RESOURCES LTD — Capital/Financing Update 2009

May 7, 2009

ACN 009 253 187

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 8 May 2009

PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

Tasman Resources Ltd ( Tasman ) is undertaking a non-renouncable pro-rata rights offer to Tasman shareholders (the Offer ). The Offer is open to all Tasman shareholders who are on the register as at 5.00pm WST on 25 May 2009 (the Record Date ) and who have a registered address in Australia or New Zealand. Under the Offer, Tasman will make an offer to all eligible shareholders of one (1) fully paid ordinary Tasman share for every four (4) fully paid ordinary Tasman shares held as at the Record Date, at a price of $0.02 per share, together with one (1) free attaching Tasman option for every share issued under the Offer (each to acquire one fully paid ordinary Tasman share at an exercise price of $0.10 per share at any time up to and including 30 June 2012). At this stage it is anticipated that these options will remain unlisted, unless all necessary ASX conditions for listing of these options are satisfied.

The Timetable for the Offer is as follows:

Offer announcement	8 May 2009
Lodgement of Appendix 3B with ASX and Prospectus with ASIC	15 May 2009
Notice sent to shareholders	18 May 2009
Ex date	19 May 2009
Record Date for determining entitlements	25 May 2009
Prospectus despatched to eligible shareholders	29 May 2009
Closing date of the Offer	15 June 2009
Securities quoted on a deferred settlement basis	16 June 2009
Company notifies ASX of under subscriptions	18 June 2009
Despatch of holding statements	23 June 2009

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Gregory H. Solomon Chairman

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 5866 Email: mailroom@tasmanresources.com.au