TASMAN RESOURCES LTD — Share Issue/Capital Change 2003

Jan 23, 2003

TASMAN RESOURCES NL

ACN 009 253 187 Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9221 5323 Facsimile: (08) 9221 5955 Email: rbuscall@tasmanresources.com.au Website: www.tasmanresources.com.au

AUSTRALIAN STOCK EXCHANGE ANNOUNCEMENT

ISSUE OF ORDINARY FULLY PAID SHARES

Tasman Resources NL ("the Company") announces that on 24 January 2003 it has issued 2,071,000 fully paid ordinary shares at an issue price of 17 cents per share raising a total of \$352,070. These shares have been issued in accordance with sections 708 (1) and 708(8) of the Corporations Act 2001 (Cth) ("the Act") and under the 15% placement rule of the Australian Stock Exchange Listing Rules. A commission of 6% is payable to holders of Australian financial services licences.

The funds will be used to provide additional working capital and to fund additional exploration and drilling on the Lake Torrens Project.

INFORMATION NOTIFICATION - SECONDARY TRADING

For the purposes of Item 5 of Category 1, Schedule C of Class Order 02/1180 referred to below, the Company also notifies the ASX that all of the securities being issued will fall within Category 1 of the Class Order 02/1180 issued by the Australian Securities and Investments Commission on 29 November 2002, which alters the secondary trading provisions of the Act in specified circumstances, and that all information of the kind that would be required to be disclosed under subsection $713(5)$ of the Act if a prospectus were to be issued in reliance on section 713 of the Act in relation to an offer of securities has been disclosed to the ASX.

Raymond F Buscall Company Secretary Dated 24^th day of January 2003