TASMANTASMANTASMANMETALS LIMITED

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Strategic metals, strategic locations

Corporate DisclaimerCorporate Disclaimer

Some of the statements contained in the following material may be "forward‐looking statements." Allstatements, other than statements of historical fact, that address activities, events or developments thatTasman Metals Ltd (“Tasman”) believes, expects or anticipates will or may occur in the future areforward‐looking statements. Forward‐looking statements are often, but not always, identified by the useforward looking statements. Forward looking statements are often, but not always, identified by the useof words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" andstatements that an event or result "may," "will," "can," "should," "could," or "might" occur or beachieved and other similar expressions. These forward‐looking statements reflect the currentexpectations or beliefs of Tasman based on information currently available to Tasman.

Forward‐looking statements are subject to a number of risks and uncertainties that may cause the actualresults of Tasman to differ materially from those discussed in the forward‐looking statements, and evenif such actual results are realized or substantially realized, there can be no assurance that they will havethe expected consequences to, or effects on Tasman. Factors that could cause actual results or events todiffer materially from current expectations include among other things failure to successfully completediffer materially from current expectations include, among other things, failure to successfully completeintended financings, capital and other costs varying significantly from estimates, production rates varyingfrom estimates, changes in world metal markets, changes in equity markets, uncertainties relating to theavailability and costs of financing needed in the future, equipment failure, unexpected geologicalconditions, imprecision in resource estimates, success of future development initiatives, competition,operating performance of facilities environmental and safety risks delays in obtaining or failure to

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operating performance of facilities, environmental and safety risks, delays in obtaining or failure toobtain necessary permits and approvals from government authorities, and other development andoperating risks. Any forward‐looking statement speaks only as of the date on which it is made and,except as may be required by applicable securities laws, Tasman disclaims any intent or obligation toupdate any forward‐looking statement, whether as a result of new information, future events or results

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Although Tasman believes that assumptions inherent in the forward‐looking statements are reasonable,forward‐looking statements are not guarantees of future performance and accordingly undue relianceshould not be put on such statements due to the inherent uncertainty therein.

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Corporate Overview Corporate Overview & Strategy& Strategy

Focused on “high‐tech” strategic metals including Rare 

COM(2008) 699 : The raw materials initiative — meeting our critical needs

for growth and jobs in Europeg gEarth Elements (REE) in Europe;

Th E C i i i

“The EU is highly dependent on imports of “high-tech” metals such as cobalt, platinum, rare earths, and titanium. Though often needed only in tiny

The European Commission is seeking to develop domestic supply capacity of strategic

g y yquantities, these metals are increasingly

essential to the development of technologically sophisticated products in

view of the growing number of their functionalities The EU will not mastersupply capacity of strategic 

metals;functionalities. The EU will not master

the shift towards sustainable production and environmentally friendly products

without such high tech metals.

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Tasman’s portfolio is uniquely placed, with the capacity to d li “hi h t h” t l f

These metals play a critical role in the development of innovative

“environmental technologies” for boosting energy efficiency and reducing greenhouse gas emissions. Hydrogen-

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co deliver “high‐tech” metals from politically stable, mining friendly jurisdictions

fuel based cars require platinum-based catalysts. Electric-hybrid cars need lithium batteries and rhenium super alloys are an indispensible input for

modern aircraft production”

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friendly jurisdictions.  modern aircraft production

Brussels, 4.11.2008

Capital StructureCapital Structure

CANADA:  TSXv : TSM

SHARES ON ISSUE: 35,696,397

FULLY DILUTED:  47,518,119

52 WEEK HIGH/LOW: N/A 52 WEEK HIGH/LOW: N/A

INSIDERS: 49%

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RECENT PRICE: C$ 0.25

$

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CASH: C$ 2.55M

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CASH:  C$ 2.55M

Tasman’s Management TeamTasman’s Management Team

DIRECTORSDIRECTORSDIRECTORSDIRECTORS Mark Saxon (President  & CEO) 

B S (H ) GDi A Fi MA IMM MAIGB.Sc.(Hons), GDipAppFin, MAusIMM, MAIG

David Henstridge (Non Exec Chairman)B.Sc (Hons), FAusIMM, MAIG, MGSAustB.Sc (Hons), FAusIMM, MAIG, MGSAust

Robert  Atkinson BComm

Nick DeMare (CFO)BComm CA 

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Michael HudsonB.Sc.(Hons), GDipAppFin, FAusIMM, MSEG, MAIG

ALSOALSO

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Mariana Bermudez  Corporate Secretary Nick Nicolaas (Mining Interactive) – IR

Strategic Metals Strategic Metals –– Critical for Greening EconomiesCritical for Greening Economies

Strategic metals, including “Rare Earth Elements” (REE’s), gallium, tantalum and zirconium have long been known but only recently sought due to the critical role they play in high‐tech applications and energy efficient technologies;

REE’s are essential in production of hybrid/electric cars, solar panels, wind turbines, compact florescent lighting, high energy magnets mobile phones and computers;magnets, mobile phones and computers;

Due to their unique properties, REE’s cannot be substituted;

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The EU has recognized development of high‐tech/high‐capital industries are 

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LIGHT REE’S

HEAVY REE’S

57La

58Ce

59Pr

60Nd

61Pm

62Sm

63Eu

64Gd

65Tb

66Dy

67Ho

68Er

69Tm

70Yb

71Lu

39Y

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REE’s REE’s –– A Growing MarketA Growing Market

Total global demand in 2009 forecast at 135 Mt pa rare earth oxides (“REO”),  of which 95% will come from Chinese sources.  Average price of US$10 ‐ US$12 per tonne is forecast with a total market value of US$1.5 billion;

Market has grown from 40 Mt pa REO in 1985, when USA was the dominant producer; 

New production may come from North American and Australian suppliers;

REE Consumption Segments by Value 2006

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suppliers;

European supply has not been 

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remain fully exposed to Chinese output.

REE’s REE’s –– A Growing MarketA Growing Market

China has set production and export quotas and export taxes  175 REE Global Production and Consumption, 

1950 to 2014on REE’s to strengthen local manufacturing.  Export licencesfor REE’s were reduced by 35% n/

Dem

and

k T

pa150

125

100

1950 to 2014 

for REE s were reduced by 35% in 2009 from 2008 levels;

China is committed to apply

Prod

uctio

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50

25

China (production)

Rest of World (production)

China is committed to apply more stringent environmental legislation to REE mining, and  The Wall Steet Journal: China, Japan on

collision course over rare-earth metals

1960 1970 1980 1990 2000 2010

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not approve new mines;

Japan is actively seeking new 

Kazunori Fukuda, deputy director of the non-ferrous metals division at the Ministry of Economy,

Trade and Industry, said: "If the Chinese export quota limits were the reality of what comes into

collision course over rare earth metals

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p y gsupply sources and has expressed concern at China’s market strength

quota limits were the reality of what comes into Japan each year, we would be even more worried than we already are. All green technology depends

on rare earth metals and all global trade in rare earth depends on China."

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market strength.28.05.2008

Europe’s HighEurope’s High--tech dependencytech dependency

Despite significant consumption, the European region does not currently produce any strategic metals 

The EU is mandated to improve the high‐tech raw material trade imbalance and protect domestic industry 

This EU strategy  requiresrequires project development i i i

85% REE

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in mining‐friendly regions like 

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gScandinavia.   

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Scandinavia Scandinavia –– The The Home of Home of REE’sREE’s

The region is well endowed with REE, including former mines.  Many REE’s were first discovered  in Sweden, including cerium, erbium, holmium, lanthanum, scandium, terbium, thulium, ytterbium, yttrium.  

The REE mineral bastnäsite originates from the Swedish village of Bastnäs, where cerium ore was mined in the late 1800’s ;

Scandinavia shows good examples of a range of REE deposit styles, including:

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Iron‐REE Deposits: iron oxide with skarn +/‐ apatite

Carbonatites with Y, Ba, La, Se

Pegmatites

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Peralkaline igneous rocks

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Per Teodor Cleve Carl Gustaf Mosander

Scandinavia Scandinavia –– Significant REE ResourcesSignificant REE Resources

Tasman: “first mover” advantage and has secured key European  REE projects with substantial exploration histories;

Global Resources in Kton REO (excluding China)

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Scandinavian REE Projects Portfolio Scandinavian REE Projects Portfolio

Tasman has applied for 100% ownership of a strong portfolio of REE projects in Sweden, 

BIG

Projects characterized by: 

Finland & Norway.  BIG

IIV

SOK

excellent existing infrastructure;

stable jurisdictions KAT/KON

IIV

mining friendly countries

traditional deposit styles

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KORSAR

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former REE producing area

...... and therefore present an excellent opportunity to NOR

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NOR

NOR: Norra KärrALM Al

KAT/KON: Katajakangas/KontioahoSOK S kli

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ALM: AlmungeSAR: SärnaKOR: Korsnäs ALN: Alnön

SOK:  SokliIIV:  IivaaraBIG: Biggejav'ri 

REE Projects REE Projects -- Sweden OverviewSweden Overview

First company to build a 100% owned REE portfolio in Sweden (claim applications);

BIG

Norra KärrPeralkaline nepheline syenite intrusionP j t i d i t d “ f ti l i t t”

BIG

IIV

SOK

Project is designated “of national interest” by Swedish Geological Survey

Intrusion covers:   400m x 1200m  Costean sampling by Boliden returned 

KAT/KON

IIV

p g yelevated REE, Zr and Hf over   the width of the intrusion

Indicative grades from surface: 0.35‐0.65% TREO* 1 5 1 9% Z O2

KORSAR

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TREO*, 1.5 ‐ 1.9% ZrO2, 0.2‐0.4% Hf

* Samples were never assayed for 6 of the 9 high value HREE

NOR

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Almunge/ Särna/ AlnönPeralkaline/carbonatite intrusive projects

NOR

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e a a e/ca bo at te t us e p ojects

REE Projects REE Projects -- Finland OverviewFinland Overview

Tasman has applied for a past producing area and key historic resources in Finland;

BIG

Katajakanka/KontioahoPeralkaline intrusion associated mineralizationReferences for historic resources being verified

BIG

IIV

SOK

KorsnäsClaim applications cover and surround

References for historic resources being verified.

KAT/KON

IIV

Claim applications cover and surround historic production area of 0.869 Mt @ 3.56% Pb, 0.83% TREO  KORSAR

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Large carbonatite intrusion within the Kola Alkaline Province.

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Kola Alkaline Province.

SokliFennite aureloe and margin of large

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g gcarbonatite system held under application by Tasman

Norra Norra KärrKärr –– PeralkalinePeralkaline Igneous Intrusion Igneous Intrusion -- SwedenSweden

Well known example of a REE‐Zr‐Y peralkaline igneous intrusion deposit, discovered in southern Sweden in 1906;

Located in farming land east of Lake Vattern in central Sweden.  The intrusion is 1.2km x 0.4km in size;

Geological similarities to Lovozero REE mine (Russia), Pajarito Mnt (New Mexico), Kipawa Lake (Ontario) Strange Lake (Quebec)

Intrusion outline

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(Ontario), Strange Lake (Quebec) and Dubbo (Australia);

Mi l k t h t REE i l d

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0 25 k

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g0.25 km

Norra Norra KärrKärr –– PeralkalinePeralkaline Igneous Intrusion Igneous Intrusion -- SwedenSweden

Norra Kärr was explored for nepheline in the late 1940’s; by Boliden in 1970’s for Zr and Hf.  R li i h d i 2001 d d t l d

T t h 500 t l d b B lid

Relinquished in 2001 and data only made available in 2009;

1 23

4 56 7 8

Northern trench

244 m  at 1.9 % ZrO2, 0.37% TREO*

149 m at 1 49 % ZrO2 0 43% TREO* and

Northern trench

Southern trench

Two trenches 500m apart sampled by Boliden:

1 2 3 45 Southern trench

149 m  at 1.49 % ZrO2, 0.43% TREO* and52 m at 1.47% ZrO2, 0.54% TREO* 

Southern trench

Based on the aerial extent of the Norra Kärr intrusion

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5

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Southern trenchBased on the aerial extent of the Norra Kärr intrusion    and grades from surface costean sampling, an exploration target  range1 to 55m depth can be defined as:  

35 40Mt @ 0 4 0 6% TREO 1 5 1 9% ZrO 0 2 0 4% Hf

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* Samples were never assayed for 6 of the 9 higher value HREE.  Grab samples subsequently assayed by Tasman show elevated HREE values.

35‐40Mt @ 0.4‐0.6% TREO, 1.5‐1.9% ZrO2, 0.2‐0.4% Hf

1 Th t ti l tit d d i di t d b i t l i t d th

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250 m

1. The potential quantity and grade indicated above is conceptual in nature, and therehas been insufficient exploration to define a mineral resource. It is uncertain if furtherexploration will result in the target being delineated as a mineral resource.

Norra Norra KärrKärr –– Trench ResultsTrench Results

244 m  at 1.9 % ZrO2, 0.37% TREO*

149 m  at 1.49 % ZrO2, 0.43% TREO* and52 1 47% Z O 0 54% TREO*

Northern trench

Southern trench

TRENCH_ID ID LENGTH ZrO2 % Hf % Nb2O3 % TREO%

Northern N1 47 0.17 0.004 0.009 0.06

52 m at 1.47% ZrO2, 0.54% TREO*

1 23

4 56 7 8

Northern trenchN2 22 0.59 0.014 0.013 0.13

N3 53 0.48 0.01 0.02 0.16

N4 67.5 2.15 0.04 0.043 0.35

N5 60.5 2 0.04 0.043 0.4

1 2 3 45 Southern trench

N6 60 1.94 0.04 0.049 0.45

N7 56 1.52 0.032 0.031 0.28

N8 32 0.55 0.012 0.009 0.097

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Southern trench

Southern S1 25 0.9 0.017 0.006 0.07

S2 21.5 1.4 0.026 0.017 0.22

S3 63.5 1.66 0.028 0.027 0.42

TRENCH_ID ID LENGTH ZrO2 % Hf % Nb2O3 % TREO%

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S5 66 0.47 0.008 0.011 0.38

S6 90 0.35 0.006 0.009 0.24

S7 17 1.47 0.02 0.029 0.71

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250 mS8 35 1.47 0.027 0.018 0.31

Norra Norra Kärr Kärr –– HREE DominantHREE Dominant

Recent sampling of 30 random and non‐representative rocks indicatednon representative rocks indicated elevated HREE;

30 samples ranged from 0.04% to 0.70% and averaged 0.32% TREO;

HREO ranged from 24‐68% and d 54% HREO f TREO Eudialyte bearing Grännait from Norra Kärraveraged 54% HREO of TREO;

Most known rare earth deposits are dominated by the LREE’s and

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are dominated by the LREE s and typically contain 1‐3% HREO in the TREO;

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Boliden Test Quarry for Zirconium ‐ 1949

Norra Norra KärrKärr –– Host Rocks to REEHost Rocks to REEom

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Nepheline syenite from southern trench, sample returned64m @ 1.4% ZrO2, 0.02% Hf, 0.029% Nb2O3, 0.67% TREO*

Nepheline syenite from northern trench, sample returned67.5m @ 2.5% ZrO2, 0.04% Hf, 0.043% Nb2O3, 0.35% TREO*

Other Other Swedish REE ProjectsSwedish REE Projects

Särna:  Peralkaline igneous intrusion exposed in a window through younger cover rocks.  The exposed area is 3 km by 4 km, interpreted to be larger at depth.  Associated with REE bearing peralkaline intrusions of the Oslo Rift ;

Almunge:  Nepheline syenite and associated rock types, surrounded by a well developed fenite aureole (Na + K rich 

k ) Th i i 3 k 3 kcontact rocks).  The intrusion covers 3 km x 3 km; 

Alnön: Tasman holds claim

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Alnön:  Tasman holds claim applications proximal to AlnönSweden’s largest carbonatite

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goccurrence.  Previously explored by Norsk Hydro (Yara)

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1 km

(Yara).

Outcrop of peralkaline syenite, Siksjoberget, Särna

Korsnas Korsnas –– Historic REE Mine Historic REE Mine -- Finland Finland

Tasman’s Korsnas project surrounds former Pb‐REE mine of 

Claims  Applications at Korsnas with drill holes

Korsnas in central western Finland;

Historic production of 0.9 Mt @ p3.56% Pb, 0.83% TREO from veins comprised of coarse‐grained calcite feldspar diopside REEcalcite, feldspar, diopside, REE‐bearing apatite, scapolite, fluorite and barite, each up to 20m wide;

Korsnas Mine and Plant

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Host rocks to mineralization are micaceous gneiss;

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micaceous gneiss;

A substantial drill hole database exists for the project

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exists for the project.

1 km

Iron Projects Iron Projects in in KirunaKiruna FeFe--Ore District, SwedenOre District, Sweden

100% owned portfolio of iron exploration projects in the Kiruna iron ore district ofprojects in the Kiruna iron ore district of Northern Sweden;

P tf li i l d j t ith NI 43 101 Portfolio includes projects with NI 43‐101 compliant measured, indicated (18.6 Mt 37.7 % Fe), inferred resources (35.2 Mt @ 37.5 % Fe) ) ( )and historic resources which include high Fe grades (5 Mt @ 65.5 % Fe);

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Portfolio includes projects with high grade iron, low P resources with potential to be direct shipping ore;  

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District includes the World Class Kiruna and Malmberget iron ore mines (LKAB) having produced 1.5 billion tonnes at over 

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o e es ( ) a g p oduced 5 b o to es at o e60% iron. 

Tasman Metals Ltd Tasman Metals Ltd -- Key Value DriversKey Value Drivers

Tasman has applied for 100% ownership of a strong portfolio of REEprojects for strategic metals in a well-mineralized European terrain. TheScandinavian REE portfolio presents a unique combination of positive

The EU is actively supporting the domestic supply of strategic

Scandinavian REE portfolio presents a unique combination of positivefactors that will define the future value of the Company:

The EU is actively supporting the domestic supply of strategic metals to secure their high‐tech industry;

Tasman’s project portfolio lies in mining friendly jurisdictions with strong transparent Mining Law;

Existing infrastructure is “second to none”, with full road/power/water networks and a skilled workforce;

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road/power/water networks and a skilled workforce;

Norra Kärr, the Company’s flag ship property demonstrates a significant  exploration target , a high HREE component and is 

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The Tasman team has extensive operating experience in the Scandinavian district, to bring projects forward effectively.

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Scandinavian district, to bring projects forward effectively.

TASMANTASMANTASMANMETALS LIMITED

CORPORATE OFFICE FOR MORE INFORMATION

Suite 13051090 West Georgia St

Vancouver BC V6E 3V7

CORPORATE OFFICE FOR MORE INFORMATION

Mark SaxonPresident & CEO

Vancouver, BC   V6E 3V7 CANADA

Ph: +1 (604) 685 9316    Fax: +1 (604) 683 1585

msaxon@tasmanmetals.com

om Mi i I i C

Fax: +1 (604) 683 1585

INVESTOR RELATIONS

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Nick Nicolaas 1 (604) 657 4058

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+1 (604) 657 4058       nick@mininginteractive.com

Appendix 1 Appendix 1 -- AbbreviationsAbbreviations

REE = rare earth elements, lanthanum to lutetium by atomic weight plus yttrium

LREE = light rare earth elements, lanthanum to samarium by atomic weight

HREE = heavy rare earth elements, europium to lutetium plus yttriump y

TREO = rare earth elements, calculated as oxides, including lanthanum to lutetium plus yttrium

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including lanthanum to lutetium plus yttrium

HREO = heavy rare earth elements, as per HREE above, calculated as oxides

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LREO = light rare earth elements, as per LREE above, l l t d id

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calculated as oxides

Appendix 2 Appendix 2 –– Strategic Metals and UsageStrategic Metals and Usageom

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