Tasman Metals Ltd. (TSX.V : TSM; Frankfurt : T61; Pink Sheets : TASXF) is a Canadian based mineral exploration and development company focused on strategic metals, including rare earth elements, in the European region.

Strategic metal demand is increasing, due to their unique properties that make them essential for high technology and environmentally-beneficial applications. Strategic metals include the 15 rare earth elements ("REE"), and also zirconium, yttrium and niobium. Since over 95% of REE supply is currently sourced from China, the EU is actively supporting policy to promote the domestic supply of strategic metals to secure their domestic high-tech industry. Wind turbines, mobile phones, computer hard drives and hybrid vehicles like the Toyota Prius cannot be built without rare earth minerals.

Tasman's exploration portfolio is uniquely placed, with the capacity to deliver "high-tech" metals from politically stable, mining friendly jurisdictions with developed infrastructure.

The rare-earth elements (REE) are naturally occurring non-toxic materials, whose unique properties make them essential to emerging technologies that contribute to environmental, energy efficiency and health solutions. REE's consist of 16 elements, being the 15 lanthanide-series elements plus the metal yttrium. The REE's are grouped together as they display similar chemical properties, in particular the ability to readily discharge and accept electrons, making them indispensable and non-replaceable in many electronic, optical, magnetic and catalytic applications.

In addition to REE's, Tasman Metals Ltd. is exploring for the metals scandium, zirconium, hafnium, niobium and tantalum which display unique and highly sought chemical properties.

REE's and scandium, zirconium, hafnium, niobium and tantalum are considered strategic metals by Tasman due to the essential role they play in high technology and defence applications, along with their irreplaceable chemical behaviour. Securing the supply of strategic metals has been identified by governments as critical to ensure the development and growth of capital intensive technology and green industries.

REE are classified into two subgroups, as LIGHT RARE EARTH ELEMENTS (LREE) comprising the first five elements (atomic numbers 57-62); and the HEAVY RARE EARTH ELEMENTS (HREE), comprising the elements with atomic numbers 63-71 as well as yttrium. Despite its low atomic weight, yttrium is classified with the HREE because its properties are closer to those of the HREE subgroup than to LREE.

ISSUED CAPITAL:
41,551,397

FULLY DILUTED:
55,353,292

CASH:
CDN$ 4.8 million

Norra Kärr, Sweden (Tasman Metals Ltd. 100%):

Norra Kärr is a zirconium and rare earth element enriched peralkaline (agpaitic) nepheline syenite intrusion which covers 350m x 1100m in area. The project shows geological similarity to REE/Zirconium/Niobium (Nb) mines of the Lovozero province (Russia), and advanced projects at Kipawa Lake (Ontario), Strange Lake (Quebec) and Dubbo (Australia). The project is located in southern Sweden, 15km NNE of the township of Gränna and 300km SW of the capital Stockholm. The project lies in mixed farming and forestry land, well serviced by power, roads and water allowing all year round access, plus the benefit of a skilled and well equipped community.

The rock units comprising the Norra Kärr intrusion are uncommon on a global scale, and include mineral phases that are comprised of or associated with REE's, zirconium (Zr), niobium (Nb), yttrium (Y) and hafnium (Hf) including eudialyte, catapleite, britholite, fergusonite and mosandrite.

Assays from 10 holes of Tasman’s 26 hole drill program have been reported as at 20th May 2010. Encouraging intersections were discovered, including: 108.1m averaging 0.74% TREO and 2.1% ZrO2 from 43.3m in hole NKA0905; 149.2m averaging 0.61% TREO and 1.7% ZrO2 from 2.5m in hole NKA0904; and 62.1m averaging 0.81% TREO, 1.72% ZrO2 from 4.4m in hole NKA0910. Of significance is the high proportion of high value HREO within the TREO (averaging 49% HREO), and the high values of Dy (dysprosium). This enrichment of the more highly priced HREO will make an important contribution to the value of the project.

Tasman is now reviewing options with regard to metallurgical research on the Norra Kärr project.

Korsnäs, Finland (Tasman Metals Ltd. 100%):

Tasman’s 100% owned historic Korsnäs rare earth element (REE) – lead (Pb) mine is located 350 km north of Helsinki in central western Finland. Korsnäs is a rare earth element (REE) and lead (Pb) enriched skarn which was mined by Outokumpu Oy as a mixed open pit and underground operation from 1959 to 1972. REE-Pb mineralization occurs within a north-south trending skarn zone comprised of coarse-grained calcite, feldspar, diopside, apatite, galena, scapolite, fluorite and barite hosted by a regional mica gneiss. The mined and drill defined ore body is approximately 20m thick, is known to trend over a strike length of greater than 300m.

The historic mine site has excellent infrastructure, lying only 1km from the Baltic coast with an excellent all weather road network and a skilled and well serviced local community. Outokumpu Oy’s business focus at the time of mining was base metals and mining was therefore focused to maximize Pb, not REE grades and recoveries.

Apatite, monazite and allanite are the principal REE minerals present at Korsnäs, although the site is well known for numerous exotic rare earth element minerals. Based on limited sampling of rare earth element bearing minerals by Papunen et al. 1986 (Suomen malmigeologia), Ce, La and Nd comprise 80 - 90 % of the REE’s present, the balance consisting principally of Pr and Sm.

Bastnäs, Sweden (Tasman Metals Ltd. earning 90%):

Tasman has signed a binding “Option and Joint Venture Agreement” to acquire a 90% interest in the Bastnäs rare earth element (REE) project in south central Sweden. The mines of the Bastnäs region have been known in literature since 1692, and have played a pivotal role in the history of REE’s. The rare earth element cerium was first described in 1803 at Bastnäs by Swedish chemists Jöns Jakob Berzelius and Wilhem Hisinger. In 1839 Swedish scientist Carl Gustav Mosander was the first to extract the cerium and lanthanum in their metallic forms from Bastnäs-sourced minerals. Furthermore, several of the most economically important rare earth minerals were first discovered at Bastnäs including bastnäsite, cerite and törnebomite.

From 1860 to 1919, high grade cerium and lanthanum ores were mined intermittently from the Cerite mine at Bastnäs. During the Second World War further cerium was extracted from waste dumps around the project area. In addition to the REE’s, the Bastnäs/Riddarhyttan ore field has been mined regularly for iron ore and explored for copper. The REE rich minerals occur mainly in an amphibole rich alteration assemblage adjacent to the iron oxide mineralization, together with copper, molybdenum, bismuth and locally gold mineralization.

Analyses from the project available to Tasman are sourced from open file public data, taken by SGAB during 1986 and 1990. Results provided below are from a series of grab samples from mine dumps across the project. While the set of REE data is incomplete, they indicate the tenor of mineralization, elevated in both the heavy and the light REE’s. In addition to the high REE values, of note are the regularly elevated Au values. Samples were assayed within the laboratories of the Swedish Geological Survey, using XRF and ICP techniques and applying best practices of the day.

For Tasman to acquire and maintain its Option to earn a 90% Joint Venture interest in the Bastnäs Property, the Company must pay the Vendor a total of SEK 1,365,000 (approximately CA$ 140,000) over a period of 5 years including SEK 260,000 (approximately CA$ 37,000) in the first year. The remaining 10% of the project may be exchanged for a 2% Net Smelter Return royalty ("NSR") on production from the Property, should the Vendor choose not to be a contributing partner once Tasman achieves its 90% ownership. This NSR may be purchased by Tasman for SEK 6,500,000 (approximately CA$ 902,000).

Ontanmaki, Finland (Tasman Metals Ltd. 100%):

The Otanmäki project secures for Tasman two historic REE, niobium (Nb), zirconium (Zr) resources, named Katajakangas and Kontioaho. A total of 59 diamond drill holes for a total of 8,862 metres have been drilled on five REE prospects within the claimed area.

Katajakangas and Kontioaho were discovered in 1982, following the identification of REE-bearing boulder trains by the Geological Survey of Finland (GTK). The discoveries were followed up with various geochemical and geophysical methods, and with drill testing by Rautaruukki Oy between 1983 and 1985. The REE mineralized horizon at Katajakangas was located by drilling in 1983, and at Kontioaho the year after. Tasman has access to all previous publically available exploration data and drill core from GTK and Rautaruukki Oy.

In 1985, Rautaruukki Oy reported a resource estimate at Katajakangas of 0.46 million tonnes at 2.71% TREO 0.76% Nb2O5, and 1.13 ZrO2 (TREO = total rare earth oxide; see table 1 for a complete list contributing of rare earth oxides). The resource estimates are based on 14 diamond drill holes, drilled in 7 profiles 850 metres along strike and has been calculated to a vertical depth of 150 metres. The resource estimate is based on a report titled “Katajakangas geologinen malmiarvio” by Rauno Hugg in 1985 of Rautaruukki Oy. Data is historical in nature and was compiled prior to the implementation of NI 43-101 reporting standards. Tasman has not completed sufficient exploration to verify the estimates and is not treating them as National Instrument defined resources or reserves verified by a Qualified Person, and the historical estimate should not be relied upon.

Kontioaho is situated 1.3km to the north-northeast of Katajakangas, where REE mineralization has been discovered within a 7-12 metre wide northwest trending alteration zone comprised of quartz, microcline, plagioclase, zircon and magnetite hosted within a quartz-feldspar schist. The mineralized horizon shows up as a strong northwest-southeast trending ground magnetic anomaly that extends for more than 400 metres. The principal REE minerals at Kontioaho are allanite, fergusonite and xenotime.

Better drill intersections included:
     • R-9:  6.90m @ 0.65% TREO, 0.10% Nb2O5 , 3.39% ZrO2 from 3.4m;
     • R-4:  12.00m @ 0.51% TREO, 0.09% Nb2O5 , 2.45% ZrO2 from 79.8m;
     • R-3:  11.30m @ 0.64% TREO, 0.15% Nb2O5 , 2.33% ZrO2 , from 188.2m;

Mark Saxon B.Sc.(Hons) GDipAppFin MAusIMM MAIG
President & CEO, Director

As founding President & CEO of Tasman Metals Ltd., Mr. Saxon brings 18 years of experience in exploration and resource geology. He graduated from the University of Melbourne in 1991 with a First Class Bachelor of Science (Hons) in Geology. In 2006, Mr. Saxon achieved a Graduate Diploma of Applied Finance and Investment through the Financial Services Institute of Australasia. His experience ranges from first pass project generation to resource definition. Mr. Saxon brings extensive experience and practical knowledge of the geology, prospectivity and operating environments of Australia, Europe and South America.

Mr. Saxon sits on the Advisory Board of Hansa Resources Ltd. (TSX-V:HRL). He is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists.

David Henstridge B.Sc.(Hons) FAusIMM, MAIG, MGSAust, P.Geo.
Non Executive Chairman, Director

Mr. Henstridge, a Professional Geologist with over 37 years of experience in mineral exploration, is Non Executive of the Company. He graduated from the University of Adelaide in 1971 with a B.Sc. (honours) in Geology. He has over 20 years' experience in managing publicly traded companies.

He is currently President, CEO, and a Director of Tumi Resources Limited, a Director of Tinka Resources Limited, and a Director of Mawson Resources Limited all mineral exploration companies listed on the TSX Venture Exchange or Toronto Stock Exchange.

Nick DeMare CA
Chief Financial Officer, Director

Mr. DeMare is a chartered accountant and a director of the Company. He has been a director and officer of many publicly listed companies in the resource sector since 1986 providing accounting, management, securities regulatory compliance and corporate secretarial services. He graduated from the University of British Columbia in 1977 with a Bachelor of Commerce.

Michael Robert Hudson, B.Sc.(Hons) GDipAppFin FAusIMM MSEG MAIG
Director

Mr. Hudson is a founding Director of Tasman Metals Ltd with 19 years of experience in mineral exploration in Australia, Asia, South America and Europe. He has developed junior exploration companies over the past 9 years in the Canadian and Australian markets. Mr Hudson graduated from the University of Melbourne in 1990 with a First Class B.Sc. (Hons) in Geology and a Graduate Diploma of Applied Finance and Investment through the Financial Services Institute of Australasia (FINSIA).

Mr. Hudson sits on the Board of Mawson Resources Ltd, and the Advisory Boards for Salazar Resources Ltd (TSXv:SRL) and Hansa Resources Ltd (TSXv:HRL). He is a Fellow of the Australasian Institute of Mining and Metallurgy and Member of both the Society for Economic Geologists and Australian Institute of Geoscientists.

Robert G. Atkinson
Director

Mr. Atkinson has been in the investment industry for over 30 years. He is former President and CEO of Loewen Ondaatje McCutcheon & Co Ltd., one of Canada's most respected investment dealers. He now serves as Director of Trimin Capital Inc., Quest Capital Corp. and a number of other public companies. Mr. Atkinson received a B.Comm. degree from the University of British Columbia.

Gil Leathley
Advisory Board

Gil Leathley brings over 50 years of senior experience encompassing all aspects of international mining operations. Between the periods of 1975 to 2000, Mr. Leathley was the driving force in overseeing the development of six major operating mines on behalf of Noranda Mining, Corona Resources and Homestake Mining. Strategic development included the Golden Giant, Jolu, Eskay Creek, Santa Fe, Ruby Hill and Nickel Plate mines. During his tenure, he held various senior management and operating positions, ranging from Mine Superintendent and General Manager to Senior Vice President, and Chief Operating Officer.

Dr. Anthony Mariano
Advisory Board

Dr. Anthony (Tony) Mariano is a geological consultant for rare earths and other rare metals. He has been the "go-to" expert on the geology and mineralogy of rare earths, niobium-tantalum, and other rare metals for several decades. Tony is an expert mineralogist and petrographer, who integrates a strong knowledge of geology and extractive metallurgy ("geometallurgy) to predict success or failure of proposed rare-earth and niobium-tantalum ventures. His professional opinions on the potential economic viability of these deposits based on mineralogical examination are eagerly sought by the industry worldwide, and he is a renowned world expert in the exploration for new rare-metals resources.

Mariana Bermudez
Corporate Secretary

Ms. Bermudez has 15 years of experience in corporate roles for publicly traded companies. In addition, she is the corporate secretary for Tumi Resources Limited, Tinka Resources Limited, and Mawson Resources Limited listed on the TSX Venture Exchange or Toronto Stock Exchange.

Head Office: c/o Chase Management Ltd.

Website: www.tasmanmetals.com
Email: info@tasmanmetals.com
Address: Suite 1305 - 1090 West Georgia Street
               Vancouver, BC
               Canada V6E 3V7
Telephone: +1 604 699 0202
Fax: +1 604 683 1585
Mailing as above

Registered Office Sweden: c/o Folke Söderström
Tasmet AB

Address: Kyrkgatan 41
               BODEN
               SWEDEN 961 35
Telephone: +46(0)921 501 60
Fax: +46(0)921 501 60

Forward Looking Statements. This Company information contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

Corporate Information on Stockhouse

Mark Saxon GDipAppFin, MAusIMM, MAIG President & CEO

As founding President & CEO of Tasman Metals Ltd., Mr. Saxon brings 18 years of experience in exploration and resource geology. He graduated from the University of Melbourne in 1991 with a First Class Bachelor of Science (Hons) in Geology. In 2006, Mr. Saxon achieved a Graduate Diploma of Applied Finance and Investment through the Financial Services Institute of Australasia. His experience ranges from first pass project generation to resource definition. Mr. Saxon brings extensive experience and practical knowledge of the geology, prospectivity and operating environments of Australia, Europe and South America. Mr. Saxon sits on the Advisory Board of Hansa Resources Ltd. (TSX-V:HRL). He is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists.

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