News Release                                                                                                         December 28, 2011

TASMAN FILES FORM 40-F ANNUAL REPORT

Vancouver, Canada – Tasman Metals Ltd. (“Tasman” or the “Company”) (TSXV – TSM; Frankfurt - T61; NYSE AMEX - TAS) today announced that it has filed its 2011 Annual Report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC") and is available on EDGAR at www.sec.gov.  In addition to filing its Form 40-F, which includes Tasman's audited consolidated financial statements for the year ended August 31, 2011 (the "Financial Statements"), associated Management’s Discussion and Analysis (“MD&A”), and Annual Information Form ("AIF"), with the SEC, Tasman has also filed its Financial Statements, MD&A and AIF with Canadian regulatory authorities on SEDAR at www.sedar.com. The Form 40-F, Financial Statements, MD&A and AIF are also available for viewing on Tasman's website at www.tasmanmetals.com.

Shareholders wishing to receive free printed copies of the Financial Statements may contact Tasman via email at info@tasmanmetals.com 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”.  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.  With a TREO (total rare earth oxide) cut off of 0.4%, the Inferred Mineral Resource comprises 60.5 million tonnes grading 0.54% TREO and 1.72% ZrO2 (zirconium oxide), with 53.7% of the TREO being the higher value HREO (heavy rare earth oxide).  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

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

Cautionary Note to U.S. Investors Concerning Estimates of Inferred Resources.  This news release uses the term "inferred mineral resource."  We advise U.S. investors that this term is not recognized by the U.S. Securities and Exchange Commission.  The estimation of inferrred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.  U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources.

TASMAN BOARD APPROVES PHASE 4 DRILLING PROGRAM AT NORRA KARR HEAVY RARE EARTH ELEMENT AND ZIRCONIUM PROJECT, SWEDEN

Vancouver, Canada – Tasman Metals Ltd. (“Tasman” or the “Company”) (TSXV – TSM; Frankfurt - T61; NYSE AMEX - TAS). Mr Mark Saxon, President & CEO, advises that following the success of the Phase 3 program, the Board has approved and expanded Phase 4 drilling program at Norra Karr, Sweden.  This drilling program will focus on further defining the resource by in filling to 50 m section spacing, as well as acquiring up to eight tonnes of ore in larger diameter drill holes for use in future metallurgical test work.  The Phase 4 program will consist of an additional 40 holes for a total of approximately 8000 metres.

The Phase 4 drilling program will be used to advance the current NI43-101 compliant inferred mineral resource towards the indicated and measured status.  The large diameter drill core will be used to supply bulk material for a pilot plant scale test of Tasman’s metallurgical process, which is scheduled to commence in 2012.

Norra Karr is characterized by being unusually enriched in the high value HREO when compared to peer projects tracked by industry analysts at Technology Metals Research LLC (www.techmetalsresearch.com), with HREO as a percentage of TREO exceeding 50%.  Of particular note are the high grades of Y₂O₃ (yttrium oxide), Dy₂O₃ (dysprosium oxide) and Tb₂O₃ (terbium oxide), metals with strong demand in the lighting and automotive industries, and with few potential sources outside China.  In addition, Technology Metals Research show Norra Karr to be the fourth largest heavy rare earth project in the Western World by contained metal.

"As noted in our press release at the completion of our Phase 3 drilling program, drilling results continue to be very encouraging including intersections at shallow depths and at higher grades than the existing NI 43-101 resource" said Mark Saxon, Tasman's President & CEO. "The Norra Karr heavy rare earth project demands these next stages of development, with pending highlights being the release of the Preliminary Economic Assessment (PEA) in early 2012 and the commencement of expanded metallurgical work."

Mineralization occurs within the Norra Karr peralkaline nepheline syenite intrusion, which covers an area of 350m by 1100m, first discovered in 1906, and subsequently test mined for nepheline, Zr and Hf.  Better grades of mineralization in drill holes appear associated with partially melted or pegmatitic intervals within the intrusion.  Recent mineralogical work by SGS Mineral Services has shown REE bearing minerals to be zirconosilicates, principally eudialyte and catapleiite, both of which are soluble in sulphuric acid.  The project shows geological similarity to advanced projects at Strange Lake (Quebec) and Dubbo (Australia).

Norra Karr 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.  For an overview of the infrastructure and resource, please see a recent 3D fly through video at http://www.tasmanmetals.com/i/videos/video1/index.html.  A recent ResourceStockDigest interview with Tasman CEO Mark Saxon can be heard at: http://resourcestockdigest.com/archives/interview_hold/index.php?&content_id=2453.

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”.  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.  With a TREO (total rare earth oxide) cut off of 0.4%, the Inferred Mineral Resource comprises 60.5 million tonnes grading 0.54% TREO and 1.72% ZrO2 (zirconium oxide), with 53.7% of the TREO being the higher value HREO (heavy rare earth oxide).  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

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

Cautionary Note to U.S. Investors Concerning Estimates of Inferred Resources.  This news release uses the term "inferred mineral resource."  We advise U.S. investors that this term is not recognized by the U.S. Securities and Exchange Commission.  The estimation of inferrred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.  U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources.

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, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, 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.

TASMAN REPORTS ON 2011 DRILLING AND EXPLORATION RESULTS AT NORRA KARR HEAVY RARE EARTH ELEMENT AND ZIRCONIUM PROJECT, SWEDEN

Vancouver, Canada – Tasman Metals Ltd. (“Tasman” or the “Company”) (TSXV – TSM; Frankfurt - T61; NYSE AMEX - TAS). Mr Mark Saxon, President & CEO, is pleased to announce the final results from the 2011 Phase 3 drilling program at the Company’s 100% owned Norra Karr heavy rare earth element (REE) – zirconium (Zr) project in Sweden, and provide an update on surface exploration completed at the project over summer.

Highlights include:

• Mineralization discovered in all 29 holes of the Phase 3 program;
• High grade mineralization discovered from surface;
• Previously unknown REE-Zr bearing intrusion discovered 5km to south of Norra Karr;
• Surface mapping and structural geology completed to provide better understanding of the project;
• Independent NI 43-101 resource calculation and Preliminary Economic Assessment nearing completion;

An additional 16 drill holes are reported within, ten of which were newly drilled from surface, the remainder being extensions of existing drill holes that terminated in mineralization in previous programs.  Mineralization was intersected in every hole drilled in this Phase 3 program at Norra Karr.  Of note is NKA11042 which discovered high grade heavy REE mineralization from surface, intersecting 36.3m @ 0.80% TREO (total rare earth oxide) with 45.1% HREO and 1.77% % ZrO₂ (zirconium oxide) from 0m. The HREO component of this intersection includes a Dy₂O₃ (dysprosium oxide) grade of 293 ppm and Y₂O₃ (yttrium oxide) grade of 0.25%.  Furthermore, drill hole NKA11046 intersected unusually high grades of zirconium and hafnium, returning 50.9m @ 2.27% ZrO2 and 386 ppm Hf from 12.1m.  Drill widths quoted approximate the true width of mineralization.

"This extensive new set of drill data from Norra Karr shall be incorporated in the updated NI 43-101 resource being completed by Pincock, Allen & Holt of Denver, Colorado” said Mark Saxon, Tasman’s President & CEO.  “The resource update is incorporated with the Preliminary Economic Assessment, which is anticipated to be delivered in early 2012.  These new drill results are particularly pleasing in that they include intersections at shallow depths that are substantially higher grade than the existing NI 43-101 resource.  Norra Karr is a globally significant heavy rare earth element project with potential to be the major and long term supplier of dysprosium and other HREE’s, in particular to the automotive industry.”

The best results returned from holes 40 to 49 and extensions to 04, 05, 06, 19, 24, 26, calculated using a lower cut-off of 0.2% TREO are:

DRILL HOLE

FROM

TO

LENGTH

(metres)

TREO 

(%)

HREO/TREO (%)

ZrO2

     (%)

NKA11040

75.0

298.8 

223.8m

0.62%

53.7%

2.0%

Including

100.5

288.5

188.0m

0.69%

50.3%

1.88%

NKA11041

0.9

33.6

32.7m

0.39%

60.2%

1.98%

44.0

81.6

37.6m

0.33%

60.4%

1.33%

NKA11042

0.0

126.0

126.0m

0.48%

57.0%

1.63%

Including

0.0

36.3

36.3m

0.80%

45.1%

1.77%

NKA11043

2.8

192.0

189.2m

0.55%

56.4%

1.82%

Including

2.8

115.7

112.9m

0.68%

56.4%

1.99%

DRILL HOLE

FROM

TO

LENGTH

(metres)

TREO 

(%)

HREO/TREO (%)

ZrO2

     (%)

NKA11044

29.4

224.5

195.1m

0.50%

62.1%

2.01%

Including

50.1

137.2

87.1m

0.64%

59.7%

1.99%

NKA11045

84.1

270.7

186.6m

0.51%

61.4%

2.18%

Including

98.0

252.6

154.6m

0.53%

61.1%

2.22%

NKA11046

12.1

63.0

50.9m

0.36%

65.4%

2.27%

NKA11047

44.6

178.6

134.0m

0.27%

65.3%

1.74%

NKA11048

145.9

233.1

87.2m

0.28%

63.9%

1.77%

NKA11049

28.1

47.4

19.3m

0.34%

40.4%

1.00%

81.8

145.0

63.3m

0.40%

49.0%

1.27%

NKA09004D

151.8

208.8

57.0m

0.40%

60.4%

1.60%

NKA09005D

152.1

251.5

99.4m

0.56%

54.0%

1.81%

Including

152.1

233.1

81.0m

0.60%

52.2%

1.81%

NKA09006D

150.4

300.9

150.5m

0.60%

59.6%

2.16%

NKA10019D

149.4

206.4

57.0m

0.37%

63.9%

2.59%

NKA10024D

175.7

259.1

83.5m

0.53%

46.3%

1.45%

Including

211.7

248.8

37.1m

0.65%

45.4%

1.61%

NKA10026D

149.6

290.1

140.5m

0.64%

42.9%

1.57%

Including

250.9

288.7

37.8m

0.72%

49.9%

1.85%

In addition to the drilling program, surface exploration at Norra Karr over the summer period was directed at gaining a better geological understanding of the project, identifying new target areas, and testing of surface sampling techniques that may be more widely applied in Tasman’s exploration programs.  Mapping and prospecting with a Niton handheld XRF device located a new and previously unmapped REE-Zr bearing intrusion, located 5km to the south of Norra Karr.  This new prospect area (Barnarp), out crops poorly, and is anticipated to be a drill target during the first quarter of 2012.

Norra Karr is characterized by being unusually enriched in the high value HREO when compared to peer projects tracked by industry analysts at Technology Metals Research LLC (www.techmetalsresearch.com), with HREO as a percentage of TREO exceeding 50%.  Of particular note are the high grades of Y₂O₃ (yttrium oxide), Dy₂O₃ (dysprosium oxide) and Tb₂O₃ (terbium oxide), metals with strong demand in the lighting and automotive industries, and with few potential sources outside China.  In addition, Technology Metals Research show Norra Karr to be the fourth largest heavy rare earth project in the Western World by contained metal.

The Phase 3 drill program in-filled Norra Karr to 100m spaced drill sections, tested the depth extension of the mineralized intrusion and obtained additional drill core for ongoing metallurgical testing.  The mineralized intrusion has now been drill tested to a maximum down-hole depth of 298.8m in NKA11040 which ended in the intrusion at the limit of the available drill rods.  This hole extended the depth of intrusion more than 100m below the lower limit of current NI 43-101 compliant inferred resource.  Further information on the project, a NI 43-101 resource report and a complete set of drill hole locations and intersections can be found on the Company’s website at http://www.tasmanmetals.com/s/Norra-Karr.asp.  The 16 holes reported herein are shown on Figure 1.

Mineralization occurs within the Norra Karr peralkaline nepheline syenite intrusion, which covers an area of 350m by 1100m, first discovered in 1906, and subsequently test mined for nepheline, Zr and Hf.  Better grades of mineralization in drill holes appear associated with partially melted or pegmatitic intervals within the intrusion.  Recent mineralogical work by SGS Mineral Services has shown REE bearing minerals to be zirconosilicates, principally eudialyte and catapleiite, both of which are soluble in sulphuric acid.  The project shows geological similarity to advanced projects at Strange Lake (Quebec) and Dubbo (Australia).

Norra Karr 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.  For an overview of the infrastructure and resource, please see a recent 3D fly through video at http://www.tasmanmetals.com/i/videos/video1/index.html.  A recent ResourceStockDigest interview with Tasman CEO Mark Saxon can be heard at: http://resourcestockdigest.com/archives/interview_hold/index.php?&content_id=2453.

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”.  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.  With a TREO (total rare earth oxide) cut off of 0.4%, the Inferred Mineral Resource comprises 60.5 million tonnes grading 0.54% TREO and 1.72% ZrO2 (zirconium oxide), with 53.7% of the TREO being the higher value HREO (heavy rare earth oxide).  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

Samples submitted by Tasman Metals Ltd were analyzed by the ME-MS81 technique by ALS Chemex Ltd's laboratories in Pitea, Sweden and Vancouver, Canada, where duplicates, repeats, blanks and known standards were inserted according to standard industry practice.  Where over-range for ME-MS81, Zr was determined using the ME-XRF10 technique.  The qualified person for the Company's exploration projects, Mark Saxon, President and Chief Executive Officer of Tasman and a Member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists, has reviewed and verified the contents of this release.

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

Cautionary Note to U.S. Investors Concerning Estimates of Inferred Resources.  This news release uses the term "inferred mineral resource."  We advise U.S. investors that this term is not recognized by the U.S. Securities and Exchange Commission.  The estimation of inferrred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources.  U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources.

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, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, 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.

November 18, 2011

TASMAN METALS LTD.

TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF

The Tasman Metals Rare Earth Story’

CORMARK SECURITIES INC. COMMENCES TASMAN COVERAGE

Dear Friends:

Cormark Securities has initiated coverage of Tasman Metals with a report entitled “The Rare Earths Mining Sector”.  Cormark recommends Tasman as a Spec Buy with target price of $6.00.

The macro fundamentals continue to present a compelling case for Heavy Rare Earths projects like Norra Karr in Sweden, with excellent infrastructure and low capital cost potential.

Here are some excerpts from the Cormark Report:

"In 2010 ~125,000 t of rare earths were produced. The average price of rare earths was $40/kg, implying the rare earths mining industry is a ~$5 BB industry ($25 BB at 2011 peak prices). Based on our long-term price forecast we believe the rare earths mining industry is a ~$5 BB industry that will double in size over the next decade to ~$10 BB in rare earths sales per annum. For comparison, in 2010 the size of the uranium, chromium, and molybdenum mining industries were ~$7 BB, ~$5 BB, and ~$4 BB, respectively. From a supply side the rare earths sector stands out from other industrial minerals or other industrial mineral booms due to the lack of new capacity being developed by current producers. Unlike other industrial minerals, demand for rare earths is relatively new, with the majority of applications being commercialized in last 10 years.

The current state of the rare earths sector presents a unique industrial minerals situation in which long-term growth in demand appears very strong, but current producers are being
forced to close operations and decrease production. While China continues to try to enforce production limits of ~95,000 tpa, we conservatively forecast that by 2020 rare earths production from China will be ~140,000 tpa. Global demand for rare earths in 2020 is forecast at 240–290,000 t, leaving at least 100–150,000 t of rare earth production
capacity for the rest of the world to develop at a capital cost of $4–6 BB.

We believe projects that have near-term production potential, low capital costs, and the support of joint venture or off-take partners are the most likely to be successfully advanced to production. While the field remains open for several new rare earths producers outside of China, earlier stage projects will struggle to enter the market once the first round of new producers are established."

The full Rare Earths Mining Sector report can be obtained from Cormark Securities www.cormark.com

Stay Tuned - - as the Tasman Metals Rare Earth Story continues!!!

Regards from Vancouver,

Nick L. Nicolaas

Mining Interactive "Ahead of the Pack"

November 14, 2011

TASMAN METALS LTD.

TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF

The Tasman Metals Rare Earth Story’

THE GOLD REPORT - “Rare Earth Companies Poised for Comeback”

John Kaiser comments on Tasman Metals

Dear Friends:

In a recent interview with Streetwise Reports (www.theaureport.com), John Kaiser, editor of Kaiser Research Online (www.kaiserbottomfish.com), commented on Tasman Metals Ltd. and the comeback of Rare Earth Companies.

The companies in a race to produce critical heavy rare earth elements by 2016 are already way ahead of their smaller competitors and in this exclusive interview with ‘The Critical Metals Report’, John handicaps the players on the end-user, producer and investor side.

Believe it or not, China may have the largest stake in developing sources outside its borders.

We thought you'd be interested in reading John Kaiser's comments on Tasman Metals Ltd. especially since the Company is working towards a potential production date in 2015/2016.

Scroll Down to see these comments.

 Regards from Vancouver,

Nick L. Nicolaas

Mining Interactive "Ahead of the Pack"

John Kaiser's Comments:

"Tasman's advantage is a very large deposit in Sweden called Nora Karr. This deposit will have something like 70-80 Mt. and could conceivably take care of Europe's needs for 50+ years.  Sweden is a stable country with local infrastructure in place. The problem is the Nora Karr involves a mineral that has never been commercially exploited. So a key milestone is the publication of a preliminary economic assessment based on a bench scale-established metallurgical flow sheet that establishes the recoveries and the associated energy and reagent costs. . . So deposits such as Tasman's Nora Karr and Quest's Strange Lake are of interest to Western and Chinese end users. . . The world does not need dozens and dozens of these deposits, however, which is why I think the race has already pretty much been wrapped up by companies such as. . .Tasman."

Tasman “a Heavy Rare Earth Mine in the making”!

Stay Tuned - - for the next Chapter in the Tasman Metals Rare Earth Story!!!