TASMAN RESOURCES LTD — Capital/Financing Update 2010

Aug 17, 2010

ACN 009 253 187

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

18 AUGUST 2010

SHARE PURCHASE PLAN

The Directors of Tasman Resources Ltd ( Tasman ) are pleased to announce an offer to all eligible shareholders of Tasman to participate in a share purchase plan ( SPP ), pursuant to which Tasman plans to raise up to A$3,000,000 through the issue of up to 30,000,000 ordinary shares in Tasman ( Shares ). The SPP will allow all eligible shareholders to purchase up to A$15,000 of additional Shares at a price of A$0.10 per Share, without brokerage and transaction costs, on the terms and conditions to be set out in the SPP offer document. The SPP will be open to all Tasman shareholders who are on the register as at 5.00pm WST on 17 August 2010 (the Record Date ) and who have a registered address in Australia or New Zealand.

During the week commencing 23 August 2010 all eligible shareholders will receive the SPP offer document and a personalised application form.

Given the number of Tasman’s shareholders at the Record Date, each of whom will have a right to subscribe for up to A$15,000 of additional Shares, it is possible that Tasman could receive from eligible shareholders applications for Shares which, in aggregate, exceed the maximum number of Shares proposed to be allotted under the SPP. Therefore the Directors of Tasman have determined that, in the event that Tasman receives applications for, in aggregate, more than 30,000,000 Shares, Tasman will scale back applications received from eligible shareholders. If Tasman is required to scale back applications, it will use its best endeavours to allocate the new Shares being offered under the SPP to eligible shareholders on a pro-rata basis, having regard to the number of new Shares each eligible shareholder applied for under the SPP. If any applications are scaled back, any surplus in the application monies paid by an eligible shareholder will be refunded by Tasman to that eligible shareholder, without interest. Tasman therefore reserves the right to allot to an eligible shareholder fewer new Shares than that eligible shareholder applied for under the SPP.

Funds raised under this SPP will be used to finance Tasman’s general working capital.

The proposed Timetable for the SPP is as follows:

Event	Date
RecordDate	17August 2010
SPP Announcement	18August 2010
Offeropens	23August 2010
Offercloses	28 September 2010
IssueDate	4October 2010
Dispatchof Holding Statements	5 October 2010

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Gregory Howard Solomon Chairman

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