TASMAN RESOURCES LTD — Capital/Financing Update 2019

Feb 26, 2019

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ACN 009 253 187

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

27 FEBRUARY 2019

PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

The non-renounceable pro-rata rights offer ( Offer ) made to shareholders of Tasman Resources Ltd ( Tasman ) who were on the register as at 5:00pm WST on 7 February 2019 pursuant to an offer document dated 1 February 2019 ( Offer Document ), closed on 22 February 2019.

Tasman gives notice of the shortfall subscriptions for the Offer as follows:

	No. of New Shares	No. of New Options*	Gross Proceeds ($)
Total number of securities offered	49,352,958	24,676,479	2,467,647.90
Securities accepted under the Offer	25,426,267	12,713,163	1,271,313.35
Additional securitiesplaced under the Offer	7,088,069	3,544,035	354,403.45
Shortfall	16,838,622	8,419,281	841,931.10

The above figures are subject to none of the proceeds received by cheque being dishonoured between the time of this announcement and the allotment and issue of New Shares. Further, the number of New Options to be issued will be adjusted for rounding of individual entitlements.

Tasman reserved the right in the Offer Document to place any shortfall shares and options within three months after the closing date of the Offer at a price that is not less than the price at which the Shares were offered under the Offer.

Accordingly upon completion of issuing of the New Shares and New Options, the total amount raised will be $1,625,716.80 (before the payment of the expenses of the issue).

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Aaron Gates Company Secretary

• The numbers of New Options detailed above are only approximate, and will be adjusted to allow for rounding of any individual entitlements where the precise entitlements are not whole numbers.

Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: mailroom@tasmanresources.com.au