Tasman Metals Ltd : Tasman Files Annual Report on Form 40-F

Vancouver, Canada - Tasman Metals Ltd. ("Tasman" or the "Company") (TSXV : TSM) (Frankfurt : T61); (NYSE-MKT : TAS). Mr. Mark Saxon, President & CEO, announces that the Company has filed with the United States Securities and Exchange Commission its annual report on Form 40-F, which includes, as exhibits, the Company's Annual Information Form ("AIF") and the audited consolidated financial statements for the year ended August 31, 2012, prepared in accordance with International Financial Reporting Standards.

The Form 40-F and its exhibits are available for viewing and retrieval through EDGAR at www.sec.gov. The Company's AIF and audited financial statements are also available for viewing and retrieval through SEDAR at www.sedar.com. All of these documents can also be accessed on the Company's website at www.tasmanmetals.com.

Tasman shareholders wishing to obtain free printed copies of these documents may contact Tasman via email at [e-mail] or at Suite 1305 - 1090 West Georgia Street, Vancouver, BC, V6E 3V7.

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, and the only NI43-101 compliant REE resource in mainland Europe. 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 www.raremetalblog.com or Resource Stock Digest at http://strategicmetalstocks.resourcestockdigest.com

On behalf of the Board,

"Mark Saxon"
Mark Saxon, President & CEO

Investor Information
www.tasmanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Jim Powell, V.P. - Corporate Development + 1 [phone]
or Mariana Bermudez [phone]
Email: [e-mail]

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. The Canadian standards set forth in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") are different from the standards generally permitted in reports filed with the U.S. Securities and Exchange Commission (the "SEC"). The term "mineral resource," is defined in and required to be disclosed by NI 43-101; however, this term is not a defined term under the SEC's Industry Guide 7 and normally is not permitted to be used in reports and registration statements filed with the SEC. Under U.S. standards, mineralization may not be classified as a ''reserve'' unless the determination has been made that the mineralization could be economically and legally produced or extracted. Investors are cautioned not to assume that any mineral resources will ever be converted into economically mineable reserves. Accordingly, information contained in this press release about our mineral projects may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

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, the ability to meet the closing conditions of the proposed acquisition, 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.