10 million fully paid ordinary shares (“Shares”) at an issue...

10 million fully paid ordinary shares (“Shares”) at an issue price of 15 cents each together with 10 million options (“Options”) to acquire Shares at 20 cents each on or before 28 February 2006 at an issue price of 5 cents each to be issued equally between each of the
Investors taking the placement, for a capital contribution of $1 million each;

2. The Options will be issued on the same terms and conditions as the existing listed Options of Tasman (“TASO”);

Both of the Investors are subsidiaries of the major Chinese company, China Railway Construction
Corporation. Both have expressed interest in the Tasman mineral potential in South Australia and
also in supporting Brehon Far-East Pty Ltd (a joint venture company between Brehon Energy plc –
51% and Eden Energy Ltd (a subsidiary of Tasman) – 49%) in marketing Hythane (a mixture of hydrogen and methane / natural gas) in China to assist in reduction of the significant air pollution problems in many of China’s major cities.