Mr. Mark Saxon reports

TASMAN FILES AMENDED AND RESTATED PRE-FEASIBILITY STUDY ON THE NORRA KARR PROPERTY, SWEDEN AND CORRECTS DISCLOSURE

Tasman Metals Ltd. has filed on SEDAR an amended and restated National Instrument 43-101 prefeasibility study for the Norra Karr rare earth element deposit, dated July 10, 2015, which replaces and supersedes the prefeasibility study announced by the company on Jan. 21, 2015. As a result of a review by the British Columbia Securities Commission, the company is issuing this news release to clarify its disclosure.

The amended PFS removes all references made in the PFS to the Norra Karr project having an unconstrained mine life in excess of 60 years and corresponding production of tonnage that exceeds the resources contained in the PFS. The company also hereby retracts disclosure of an "unconstrained mine life in excess of 60 years" reported as a PFS highlight in its Jan. 21, 2015, news release regarding the PFS.

The company clarifies that the only current mineral resource estimate for the Norra Karr project is the indicated mineral resource disclosed in the amended PFS and summarized herein. No other current mineral resources are estimated or are implied for the Norra Karr project.

                             INDICATED MINERAL RESOURCE FOR NORRA KARR PROJECT

TREO % cut-off grade  Tonnes (m)  TREO (%)  % HREO in TREO  Dy2O3 (%)  Y2O3 (%)  Eu2O3 (%)  La2O3 (%)  Nd2O3 (%)

0.2                       36.82      0.55             53.2    0.0253    0.2005     0.0020     0.0519     0.0603 
0.4                       31.11      0.61             52.6    0.0273    0.2178     0.0022     0.0573     0.0668 
0.6                       17.12      0.68             52.2    0.0299    0.2429     0.0025     0.0621     0.0769 

Ce2O3 (%)  Gd2O3 (%)  Tb2O3 (%)  Pr2O3 (%)  Sm2O3 (%)  Lu2O3 (%)

0.1156       0.0183    0.00371    0.01504    0.01647    0.00227  
0.1282       0.0200    0.00403    0.01668    0.01815    0.00238  
0.1441       0.0226    0.00447    0.01896    0.02083    0.00251  

Notes:
1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. 
2. Mineral resources are reported inclusive of any mineral reserves. 
3. The mineral resources reported have been based on a 20-year pit. 
4. Mineral resources are reported for combined migmatitic grennaite, pegmatitic grennaite, grennaite with 
   catapleiite and eudialyte lakarpite mineralization only.
5. The mineral resources reported represent estimated contained metal in the ground and have not been adjusted
   for metallurgical recovery. 
6. Total rare earth oxides include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3,
   Tm2O3, Yb2O3, Lu2O3 and Y2O3. 
7. Heavy rare earth oxides include: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3 and Y2O3.
8. Preferred base-case mineral resources are reported at a TREO percentage cut-off grade of 0.4 per cent TREO.
9. The potential development of mineral resources may be materially affected by legal, political, environmental
   or other risks.

The company clarifies that the only current mineral reserve estimate for the Norra Karr project is the probable mineral reserve estimate disclosed in the amended PFS. In particular, probable mineral reserves on the Norra Karr project total over 23.5 million tonnes of ore material at 0.59 per cent total rare earth oxides. Mined waste totals 17.3 Mt for total rock movement of 40.8 Mt and life-of-mine stripping ratio (total waste to total ore) of 0.73. Mineral reserve estimates have been based on a targeted 20-year mine life. Mineral reserve estimates have been based on migmatitic grennaite and pegmatitic grennaite ore types only. No other current mineral reserves are estimated or implied for the Norra Karr project.

The amended PFS is available for review under the company's profile on SEDAR and on the company's website. The amended PFS will also be available on EDGAR shortly.

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

We seek Safe Harbor.