Tasman Submits Mining Lease Application over Olserum Heavy Rare Earth Element Project, Sweden

Tasman Metals Ltd. (TSX VENTURE:TSM)(NYSE MKT:TAS)(NYSE Amex:TAS)(FRANKFURT:T61)
("Tasman" or the "Company"). Mark Saxon, President & CEO, is pleased to announce
the submission of an application for a Mining Lease ("ML") covering the Olserum
heavy rare earth element (REE) project in Sweden. This follows the recent
granting of a 25 year ML for Tasman's nearby Norra Karr REE deposit. The
application documents for the Olserum ML were prepared by consulting group
Golder Associates AB and recently lodged with the Swedish Mining Inspectorate
(Bergsstaten). Tasman anticipates processing of the ML application by the
Bergsstaten shall take 6 to 12 months.


The filing of this ML application required that Tasman complete environmental
monitoring, flora and fauna surveys, ground water testing, community and
stakeholder meetings and basic infrastructure planning for the Olserum site. A
granted ML under the Swedish Mining Act is valid for 25 years, when it is
available for renewal.


Tasman's 100% owned Olserum project has a resource estimate calculated in
accordance with the standards of the Canadian Institute of Mines ("CIM") as
provided in tables 1 and 2 below. It is located approximately 10km from the
Baltic coast, 30km north of the town of Vastervik and 200km SSW of Stockholm.
The land is currently used for mixed forestry operations, and is owned by a
Swedish forestry company. Olserum is proximal to road, rail, power and operating
ports, plus skilled personnel, minimizing the need for offsite infrastructure to
be built by the Company.


Olserum is considerably smaller than Tasman's flagship heavy REE project Norra
Karr. However, mineralogical work has shown REE's to be hosted by xenotime and
monazite, both of which have well established processing pathways, therefore
reducing the metallurgical risk associated with this project. Olserum has a high
contribution of the high value critical REE's (dysprosium (Dy), yttrium (Y),
neodymium (Nd), terbium (Tb)). Olserum's proximity and easy road access to
European markets stands as a unique operating advantage for the project.


"Submitting this Mine Lease application is an important step in the development
of our Olserum project," said Mark Saxon, Tasman's President and CEO. "Sweden's
simple and well tested Mining Act, year-round operating conditions and
established infrastructure and skill base has allowed rapid and low cost
progress to be achieved. Norra Karr and Olserum together give Tasman an advanced
REE project portfolio that few if any competitors in the sector can provide."


Mineral processing and metallurgical research has begun on the Olserum REE
project. The first phases of work are being completed by the mineral processing
division of the Finnish Geological Survey (GTK), financed by the European
Commission under the EURARE project as announced by Tasman on July 17, 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: Indicated Resource Estimate for the Olserum Deposit.

-----------------------------------------------------------------           
                            % of                           Tonnes           
                            HREO                               of           
TREO %   Million    TREO      in   Dy2O3   Y2O3   Nd2O3 Contained           
Cut-off   Tonnes       %    TREO     ppm    ppm     ppm      TREO           
-----------------------------------------------------------------           
0.7          1.0    0.89    32.3     292   1800    1314     8,620           
-----------------------------------------------------------------           
0.6          1.7    0.78    32.9     262   1610    1146    13,360           
-----------------------------------------------------------------           
0.5          3.0    0.68    33.3     232   1420     996    20,650           
-----------------------------------------------------------------           
0.4          4.5    0.60    33.9     209   1283     878    27,260  BASE CASE
-----------------------------------------------------------------           
0.3          6.3    0.53    34.4     187   1146     769    33,530           
-----------------------------------------------------------------           
0.2          7.7    0.48    34.5     170   1042     700    37,030           
-----------------------------------------------------------------           


Table 2: Inferred Resource Estimate for the Olserum Deposit.

-----------------------------------------------------------------           
                            % of                           Tonnes           
                            HREO                               of           
TREO %   Million    TREO      in   Dy2O3   Y2O3   Nd2O3 Contained           
Cut-off   Tonnes       %    TREO     ppm    ppm     ppm      TREO           
-----------------------------------------------------------------           
0.7          0.9    0.85    31.8     288    1667    1294    7,947           
-----------------------------------------------------------------           
0.6          1.6    0.77    32.5     264    1547    1151   12,088           
-----------------------------------------------------------------           
0.5          2.5    0.69    33.6     242    1445    1018   16,960           
-----------------------------------------------------------------           
0.4          3.3    0.63    33.7     222    1320     925   20,770  BASE CASE
-----------------------------------------------------------------           
0.3          4.2    0.57    33.9     202    1205     841   23,820           
-----------------------------------------------------------------           
0.2          4.7    0.54    33.9     191    1134     790   25,050           
-----------------------------------------------------------------           

Notes:

1    This resource estimate was prepared in accordance with the standards of
     CIM by Mr. Geoffrey Reed, Senior Consulting Geologist of ReedLeyton    
     Consulting Pty 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     
     Technical Report for Olserum REE Deposit, Southern Sweden" dated 20th  
     June 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 an Olserum composite sample by Swedish         
     consultants Minpro AB in 2005.                                         
5    Mr. Geoffrey Reed calculated this mineral resource estimate based on   
     geological and geochemical data supplied by Tasman, which had been     
     audited by Mr. 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    The resource estimate is based on:                                     
        - A database of 31 drill holes totalling 5,297m of diamond drilling 
          completed by Tasman and the previous owner IGE since 2004 where   
          samples were composited on 1m lengths. All Assays by Tasman and   
          IGE were completed at ALS Chemex's Vancouver Laboratory.          
        - Specific gravity (SG) has an overall mean of 2.70 g/cc from 458 SG
          readings. The mean of the mineralisation of 2.82 g/cc was used in 
          the estimate and a mean of the host rock of 2.67 g/cc was used in 
          the estimate.                                                     
        - Block model was estimated by ordinary kriging interpolation method
          on blocks 5m (x) x 20m (y) x 10m (z).                             
        - Beneficiation test work has been completed at Olserum. Magnetic   
          and gravity tests produced a 5.5% TREO grade concentrate with 78% 
          recovery. Optimization is in progress. Hydrometallurgy tests are  
          in progress and no information was available at the time of this  
          resource calculation, however the xenotime/monazite mineralogy has
          been a previous source of REE's and processing method is well     
          known.                                                            
8    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 [phone]
[e-mail]


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