TASMAN RESOURCES LTD — Capital/Financing Update 2019

Jan 21, 2019

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ACN 009 253 187
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22 January 2019

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 non-renounceable 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 $0.05 per share, one (1) new fully paid ordinary share in the Company for every ten (10) fully paid ordinary shares in the Company held by the eligible shareholder as at 5.00pm WST on 7 February 2019 (this date is the anticipated record date only, and is subject to change) (the Record Date). In addition, one (1) free Company option (TASOC) will attach to every two (2) new fully paid ordinary share in the Company issued under the Offer, exercisable at $0.06 per share at any time on or before 5.00pm WST on 31 August 2020.

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

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Aaron P Gates Company Secretary

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