Tasman Achieves High Recovery in First Metallurgical Tests From Olserum Heavy Rare Earth Element Project, Sweden

Tasman Metals Ltd. ("Tasman" or the "Company") (TSX VENTURE:TSM)(NYSE
MKT:TAS)(FRANKFURT:T61) - Mark Saxon, President & CEO, is pleased to announce
results of the first phase of metallurgical testing on representative
mineralization samples from the Olserum heavy rare earth element (REE) project
in Sweden. Magnetic separation and flotation tests completed by the Geological
Survey of Finland (GTK) in Outokumpu produced a mineral concentrate with REE
recovery in excess of 90% within a concentrate mass between 6% and 7% of the
original sample. This represents a very encouraging increase in REE grade of
approximately 14 times. A very high grade magnetite concentrate was also
produced as a by-product during testing. 


This metallurgical research, and the ongoing testing, was conducted and paid for
under the European Commission's EURARE research project as was press released by
Tasman on July 17, 2013. 


Olserum has a published Canadian Institute of Mines ("CIM") resource of inferred
and indicated categories as described most recently by Tasman in our press
release dated July 23, 2013. Olserum is enriched in the high value heavy REEs
with a HREO/TREO (heavy rare earth oxide/total rare earth oxide) ratio of 34%.
Mineral Liberation Analysis (MLA) has determined REE mineralogy for Olserum to
be a simple combination of the phosphate minerals xenotime, monazite and rare
apatite. Tasman recently submitted an application for a 25 year Mining Lease for
the Olserum deposit. 


"With the financial support Tasman receives under the EURARE project, we have
been able to advance the metallurgical research at Olserum with minimal cost to
the Company," said Mark Saxon, Tasman's President and CEO. "This new set of
processing results is a significant step forward, with the concentrate quality
and REE recovery approaching targeted levels. We look forward to what the next
stages of optimization can deliver for both the REE and magnetite concentrates."



A well selected and homogenized sample of 75 kg of drill core was provided to
GTK for metallurgical testing. Core was selected from across the deposit and is
believed to reflect grade and mineralogical variation well. Following a series
of grinding tests, a suitable grind size was determined to be -75 microns (P80
75 microns) which was achieved by rod mill. 


A testing flow sheet of low intensity magnetic separation (LIMS) followed by REE
mineral flotation proved to be the most effective, for which 6 tests were
performed. In addition, direct flotation of biotite was tested but did not
improve quality or grade of the REE concentrate sample. 


As anticipated, the LIMS was extremely efficient in the separation of magnetite
from other minerals present. In Test 8 the magnetic concentrate comprised 2.93%
of the rock mass and showed a grade of Fe 65.5%, being very close to the iron
content of pure magnetite.


The best REE recovery results were obtained where highest REE recovery was
achieved in the lowest concentrate mass (mass pull) as described below:




----------------------------------------------------------------------------
                 Concentrate Mass   Ce Recovery   La Recovery    Y Recovery 
Test                  (Mass Pull)           (%)           (%)           (%) 
----------------------------------------------------------------------------
3A                           6.80%         88.4%         88.8%         92.7%
----------------------------------------------------------------------------
3B                           8.42%         89.6%         90.1%         93.8%
----------------------------------------------------------------------------
8                            5.99%         87.9%         85.3%         91.2%
----------------------------------------------------------------------------



The above results are the first from rigorous metallurgical testwork of the
Olserum deposit and can be considered highly encouraging. Recovery data for all
REEs is not available at this time, however heavy REE recovery is anticipated to
follow Y recovery due to chemical and physical similarity. 


Additional testing is underway to improve the proposed flowsheet and better
understand the processing behavior of the Olserum mineralization.


Samples submitted by GTK on Tasman Metals Ltd's behalf were analyzed by XRF at
Labtium Oy's laboratory in Outokumpu, Finland, where duplicates, repeats, blanks
and known standards were inserted according to standard industry practice. The
qualified person for the Company's exploration projects, Mark Saxon, President
and Chief Executive Officer of Tasman and a Member of the Australian Institute
of Geoscientists and Fellow of Australasian Institute of Mining and Metallurgy,
has reviewed and verified the contents of this release. 


Total Rare Earth Oxides (TREO) includes: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3,
Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3. Heavy Rare
Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3,
Yb2O3, Lu2O3, Y2O3.


About Tasman Metals Ltd. 

Tasman Metals Ltd is a Canadian mineral development company focused on Rare
Earth Elements (REEs) in Scandinavia. Tasman is listed on the TSX Venture
Exchange under the symbol "TSM" and the NYSE-MKT under the symbol "TAS". REE
demand is increasing, due to the metals' unique properties that make them
essential for high technology and environmentally-beneficial applications. Since
over 95% of REE supply is sourced from China, the European Commission promotes
policy to develop domestic supply of REEs, to ensure the security of high-tech
industry. Tasman receives research funding from the European Commission. 


Tasman's exploration portfolio is uniquely placed, with the capacity to deliver
REEs from politically stable, mining friendly jurisdictions with developed
infrastructure and skills. The Company's Norra Karr and Olserum projects in
Sweden are two of the most significant heavy REE resources in the world,
enriched in dysprosium, yttrium, terbium and neodymium. The Company is now
focused on the safe, sustainable and responsible development of its Scandinavian
mineral portfolio.


About EURARE 

The EURARE project has received funding from the European Community's Seventh
Framework Programme ((FP7/2007-2013)) under grant agreement no. 309373. This
publication reflects only the author's view, exempting the Community from any
liability". Project web site: www.eurare.eu. 


For more information regarding rare earth elements, see the Rare Metal Blog at
http://proedgewire.com/rare-earth/.


On behalf of the Board, 

Mark Saxon, President & CEO

The TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange), the NYSE-MKT nor the
Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of
this news release.


Cautionary Note to U.S. Investors Concerning Mineral Resources and Reserves. In
this news release, the definition of "mineral resources" is that used by the
Canadian securities administrators and conforms to the definition utilized by
CIM in the "CIM Standards on Mineral Resources and Reserves - Definitions and
Guidelines" adopted on August 20, 2000 and amended December 11, 2005.


The standards employed in estimating the mineral resources referenced in this
news release differ significantly from the requirements of the United States
Securities and Exchange Commission (the "SEC") and the resource information
reported may not be comparable to similar information reported by United States
companies. The term "resources" does not equate to "reserves" and normally may
not be included in documents filed with the SEC. "Resources" are sometimes
referred to as "mineralization" or "mineral deposits." While the terms "mineral
resource", "measured mineral resource", "indicated mineral resource" and
"inferred mineral resource" are recognized and required by Canadian regulations,
they are not defined terms under standards in the United States and normally are
not permitted to be used in reports and registration statements filed with the
SEC. The terms "mineral reserve," "proven mineral reserve" and "probable mineral
reserve" are Canadian mining terms as defined in accordance with National
Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")
and the CIM - CIM Definition Standards on Mineral Resources and Mineral
Reserves, adopted by the CIM Council, as may be amended from time to time by the
CIM. These definitions differ from the definitions in the United States
Securities and Exchange Commission Industry Guide 7 ("SEC Industry Guide 7")
under the Securities Act of 1933. Under Canadian rules, estimates of inferred
mineral resources may not form the basis of feasibility or prefeasibility
studies, except in rare cases. Disclosure of "contained ounces" in a resource is
permitted disclosure under Canadian regulations; however, the SEC normally only
permits issuers to report mineralization that does not constitute "reserves" by
SEC standards as in place tonnage and grade without reference to unit measures.


The estimation of measured, indicated and inferred mineral resources involves
greater uncertainty as to their existence and economic feasibility than the
estimation of proven and probable reserves. U.S. investors are cautioned (i) not
to assume that measured or indicated resources will be converted into reserves
and (ii) not to assume that estimates of inferred mineral resources exist, are
economically or legally minable, or will be upgraded into measured or indicated
mineral resources. It cannot be assumed that the Company will identify any
viable mineral resources on its properties or that any mineral reserves, if any,
can be recovered profitably, if at all. As such, information contained in this
news release and the documents incorporated by reference herein concerning
descriptions of mineralization and resources under Canadian standards may not be
comparable to similar information made public by United States companies in SEC
filings.


Cautionary Statements. Certain statements found in this release may constitute
forward-looking statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Forward-looking statements reflect the speaker's current
views with respect to future events and financial performance and include any
statement that does not directly relate to a current or historical fact. Such
statements reflect the current risks, uncertainties and assumptions related to
certain factors including, without limitations, competitive factors, general
economic conditions, customer relations, uncertainties related to the
availability and costs of financing, unexpected geological conditions, success
of future development initiatives, imprecision in resource estimates, ability to
obtain necessary permits and approvals, relationships with vendors and strategic
partners, the interest rate environment, governmental regulation and
supervision, seasonality, technological change, changes in industry practices,
changes in world metal markets, changes in equity markets, environmental and
safety risks, 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. Forward-looking
statements cannot be guaranteed and actual results may vary materially due to
the uncertainties and risks, known and unknown, associated with such statements.
Shareholders and other readers should not place undue reliance on
"forward-looking statements," as such statements speak only as of the date of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tasman Metals Ltd.
Jim Powell
V.P. - Corporate Development
[phone]
[e-mail]


Tasman Metals Ltd.
Mariana Bermudez
[phone]
[e-mail]
www.tasmanmetals.com