Mr. Mark Saxon reports

TASMAN ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT ON PRE-FEASIBILITY STUDY FOR THE NORRA KARR HEAVY RARE EARTH ELEMENT PROJECT IN SWEDEN

Tasman Metals Ltd. has filed on SEDAR and EDGAR the National Instrument 43-101 technical report in support of the company's news release dated Jan. 21, 2015. The NI 43-101 technical report provides results of the recently completed positive prefeasibility study for the 100-per-cent-owned Norra Karr heavy-rare-earth-element deposit in Sweden.

The NI 43-101 technical report can be accessed from the company's website, under the company's profile on SEDAR or through EDGAR. The PFS confirms Norra Karr to be an economically robust project, with a long mine life and the capacity to be a major producer of the most critical REEs, dysprosium, yttrium, neodymium and terbium.

As previously reported, PFS highlights include:

• Aftertax net present value of $313-million (U.S.) using a 10-per-cent discount rate;
• Internal rate of return of 24 per cent pretax and 20 per cent after tax, using a 10-per-cent discount rate;
• Initial capital cost of $378-million (U.S.), including contingency -- low for long-mine-life heavy REE producer;
• Major exposure to the most critical REEs, with 74 per cent of revenue from magnet metals Dy, Nd, Pr (praseodymium), Tb and Sm (samarium);
• Norra Karr is the only REE project at PFS stage within the European Union;
• Project able to produce more than 200 tonnes of dysprosium oxide per year for at least 20 years;
• Unconstrained mine life is in excess of 60 years with extensive mineralization below and along strike from 20-year pit;
• No requirement in flowsheet or economic model for proprietary or commercially untested technologies.

Tasman is now focused on process optimization of the existing flowsheet, with numerous opportunities relating to process improvements and cost reductions available.

Tasman's qualified person, Mark Saxon, president and chief executive officer of Tasman, fellow of the Australasian Institute of Mining and Metallurgy, member of the Australian Institute of Geoscientists, has reviewed and verified the contents of this news release.

We seek Safe Harbor.