Mr. Mark Saxon reports

TASMAN ANNOUNCES EXTENSION OF WARRANT TERM

Tasman Metals Ltd. will make an application with the TSX Venture Exchange to extend the term of a total of 2,090,667 warrants by one year. The warrants were issued with an original term of two years in connection with the closing of two private-placement financings as announced by the company on Nov. 18, 2010, and Nov. 26, 2010. Of the warrants, 1,257,334 are currently due to expire on Nov. 17, 2012, and 833,333 on Nov. 26, 2012. All other terms of the warrants remain the same.

We seek Safe Harbor.