TASMAN RESOURCES LTD — Capital/Financing Update 2011

Apr 12, 2011

==> picture [169 x 66] intentionally omitted <==

ACN 009 253 187

8 April 2011

Address1 Address2 Address 3 Address 4

Dear Optionholder

NON-RENOUNCEABLE PRO-RATA RIGHTS ISSUE

Tasman Resources Ltd (the Company ) hereby notifies you, in accordance with the terms and conditions on which your options were issued, that it has announced to ASX Limited ( ASX ), and intends to make, a nonrenounceable pro-rata rights offer to the Company’s shareholders (the Offer ).

Under the Offer the Company will issue to each eligible shareholder of the Company, at a price of ten cents ($0.10) per share, one (1) new fully paid ordinary share in the Company for every twelve (12) fully paid ordinary shares in the Company held by the eligible shareholder as at 5.00pm WST on 5 May 2011 (this date is the anticipated record date only, and is subject to change) (the Record Date ). In addition, one (1) free Company option will attach to every four (4) new fully paid ordinary shares in the Company issued under the Offer, exercisable at $0.10 per share at any time on or before 5.00pm WST on 30 June 2012.

The Offer will only be made to eligible shareholders (being shareholders of the Company with registered addresses in Australia and New Zealand on the Record Date) on the basis of Company shares held by them on the Record Date. To the extent that you exercise your options in the Company (or part thereof) before the Record Date and continue to hold the Company shares issued to you upon the exercise of your options on the Record Date you will be entitled to participate under the Offer with respect to such Company shares.

Yours faithfully

==> picture [184 x 32] intentionally omitted <==

Gregory H 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