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CIM Cagim Real Estate Corp

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Share Name Share Symbol Market Type
Cagim Real Estate Corp TSXV:CIM TSX Venture Common Stock
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Tasman Receives Bulk Surface Sample Permit for the Norra Karr Heavy Rare Earth Element Project, Sweden

25/07/2013 1:45pm

Marketwired Canada


Tasman Metals Ltd. ("Tasman" or the "Company") (TSX VENTURE:TSM)(NYSE
MKT:TAS)(FRANKFURT:T61). Mark Saxon, President & CEO, is pleased to announce
granting of a permit to extract a large surface sample for expanded
metallurgical testing from the Company's Norra Karr project in Sweden. The
permit allows for the extraction of 200 cubic metres of rock (approximately 500
tonnes) from selected locations that represent the Norra Karr deposit. The
permit was granted by Lansstyrelsen Ostergotland (County Administration Board of
Ostergotland), the Swedish government agency that manages land use in the region
of Norra Karr. 


"Gaining permission to remove a bulk sample at Norra Karr is an important next
step in our development of the project," said Mark Saxon, Tasman's President and
CEO. "Until now, all samples used in processing have been extracted from drill
core, and this bulk sample is a much lower cost option for our expanded
metallurgical testing. As Norra Karr mineralization is very homogeneous and the
rock is unweathered at surface, we are able to represent the deposit well with
this large surface sample." 


Tasman's 100% owned Norra Karr project has an indicated and inferred resource
estimate calculated in accordance with the standards of the Canadian Institute
of Mines ("CIM") as provided in table 1 below. The deposit is approximately 300m
wide by 800m long at surface, and covered by an average of less than 1m of soil,
making collection of the sample very simple. It is located in southern Sweden,
300km SW of the capital Stockholm and lies in mixed farming and forestry land.
The site is well serviced by power, roads and water allowing all year round
access, plus a local skilled community, minimizing the need for offsite
infrastructure to be built by the Company.  


A 25 year Mining Lease for Norra Karr was recently granted to Tasman. The Mining
Lease remains subject to an appeal by certain stakeholders. The Company has
completed substantial metallurgical testing and a Preliminary Economic
Assessment, the technical and financial data for which can be found on the
Company website in a National Instrument 43-101 Standards of Disclosure for
Mineral Projects ("NI 43-101") report titled "Amended and Restated Preliminary
Economic Assessment N1 43-101 Technical Report for the Norra Karr (REE-Y-Zr)
Deposit Granna, Sweden" dated 9th July 2013. 


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 Australasian Institute of Mining and Metallurgy,
has reviewed and verified the contents of this release. 




 Table 1: In-Pit Resource Estimate for the Norra Karr Deposit at 0.17% TREO 
                                Cut Off Grade                               
----------------------------------------------------------------------------
                                                                   Tonnes of
            Million     TREO     HREO     LREO    HREO/     ZrO2   Contained
             Tonnes        %        %        %   TREO %        %        TREO
----------------------------------------------------------------------------
Indicated      41.6     0.57     0.29     0.28   50.8 %     1.71     237,120
----------------------------------------------------------------------------
Inferred       16.5     0.64     0.31     0.33    48.4%     1.70      94,050
----------------------------------------------------------------------------
                                                                            
Notes:                                                                      
1  This resource estimate was prepared in accordance with the standards of  
   CIM by RungePincockMinarco Ltd. Further resource assumption detail can be
   found on Sedar in a National Instrument 43-101 Standards of Disclosure   
   for Mineral Projects ("NI 43-101") report titled "Amended and Restated   
   Preliminary Economic Assessment NI 43-101 Thechnical Report for the Norra
   Karr Deposit Granna, Sweden" dated 9th July 2013.                        
                                                                            
2  Total Rare Earth Oxides (TREO) includes: La2O3, Ce2O3, Pr2O3, Nd2O3,     
   Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3,    
   Y2O3                                                                     
                                                                            
3  Heavy Rare Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3,     
   Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3                                  
                                                                            
4  The calculated resource is sensitive to cut-off grade which will be      
   influenced by metallurgical operating costs. Bench scale metallurgical   
   tests were completed on various representative samples of Norra Karr     
   mineralization.                                                          
                                                                            
5  RungePincockMinarco Ltd calculated this mineral resource estimate based  
   on geological and geochemical data supplied by Tasman, which had been    
   audited by Mr Geoffrey Reed. Mr Reed is an independent qualified person  
   for the purposes of NI 43-101.                                           
                                                                            
6  The resource estimate has been classified as an Indicated and Inferred   
   Resource based on the distance-space between sample data within the      
   current deposit outline. Variograms were obtained from the variography   
   study of TREO, with the continuity analysis showing a reasonable fit     
   model in the major and semi major direction for the mineralised domains. 
                                                                            
7  Mineral resources that are not mineral reserves do not have demonstrated 
   economic viability. Mineral resource estimates do not account for        
   mineability, selectivity, mining loss and dilution. inferred mineral     
   resources are considered too speculative geologically to have the        
   economic considerations applied to them that would enable them to be     
   categorized as Mineral Reserves.                                         



About Tasman Metals Ltd. 

Tasman Metals Ltd. is a Canadian mineral exploration and development company
focused on Rare Earth Elements (REE's) in the European region and 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
Union is actively supporting policy to promote domestic supply of REE's, to
ensure the security of high-tech industry. 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 Company's Norra Karr project in Sweden is one of the most significant heavy
REE resources in the world. The resource is unusually low in radioactive metals
relative to peer projects, with less than 15 ppm each of uranium and thorium. 

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: 
Investor Information
Tasman Metals Ltd.
Jim Powell
V.P. - Corporate Development
+ 1 (647) 478 8952
jpowell@tasmanmetals.com


Tasman Metals Ltd.
Mariana Bermudez
+1 (604) 685 9316
info@tasmanmetals.com
www.tasmanmetals.com

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