TASMAN RESOURCES LTD — Capital/Financing Update 2011

May 10, 2011

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ACN 009 253 187

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

11 May 2011

BPAY FACILITY FOR THE NON-RENOUNCEABLE PRO-RATA RIGHTS ISSUE

Following requests from some shareholders it has been decided to add the option for shareholders to take up their entitlement by using BPay to pay for their shares and options electronically, as an alternative to paying by cheque or money order.

To facilitate this, a new Application Form will be dispatched by post today (Wednesday May 11) to all eligible shareholders, which will include personalised details for the payment to be made by BPay.

If you require further information you should contact me, on 08 9282 5889.

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Aaron P Gates Company Secretary

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