TASMAN RESOURCES LTD — Share Issue/Capital Change 2006

Oct 30, 2006

ACN 009 253 187 Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 282 5889 Facsimile: (08) 9282 5855 Email: mailroom@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 it has today agreed to issue 6,000,000 fully paid ordinary shares together with one free option to acquire one ordinary fully paid share (exercisable at 20 cents on or before 31 December 2009) at an issue price of 13.5 cents per share raising a total of \$810,000. These shares have been issued in accordance with sections 708 (1) and 708(8) of the Corporations Act (Cwth) 2001 ("the Act") and under the 15% placement rule of the Australian Stock Exchange Listing Rules. A commission of 5% 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 South Australian tenements.

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 31^st day of October 2006