Results Include 241.3m @ 0.68% TREO, with 55% HREO and 1.85% ZrO2 (NKA11038)

VANCOUVER, June 29, 2011 /CNW/ - Tasman Metals Ltd. ("Tasman" or the "Company") (TSXV: TSM; Frankfurt: T61; Pink Sheets: TASXF).  Mr Mark Saxon, President & CEO, is pleased to announce results from an additional 4 holes drilled as part of the Phase 3 program recently completed at the Company's 100% owned Norra Karr heavy rare earth element (REE) - zirconium (Zr) project in Sweden.  Twenty-three new holes were completed and 6 existing drill holes were extended, for a total of 4,734m of drilling.

This latest set of drill holes at Norra Karr have again intersected REE - Zr mineralization with both increased grade and thickness.  The highlight is NKA11038 which intersected 241.3m of mineralization at an REE grade 26% higher than the grade of the base case of the current NI43-101 compliant inferred mineral resource.  NKA11038 is the westernmost hole on infill section EF (see Figure 1 - http://files.newswire.ca/863/tasman0629.pdf), 80m west of NKA11033 (as reported in Tasman press release dated 2nd May 2011) and intersected 241.3m @ 0.68% TREO (total rare earth oxide), with 55.0% HREO (heavy rare earth oxide) and 1.85% ZrO2 (zirconium oxide). The HREO component of this intersection includes a Dy2O3 (dysprosium oxide) grade of 302 ppm and Y2O3 (yttrium oxide) grade of 0.27%.  Drill widths quoted approximate the true width of mineralization.

The best results returned from holes 35, 36, 38 and 39 (assays for 37 previously reported), calculated using a lower cut-off of 0.2% TREO are:

NKA11035 59.2 170.9 117.7 0.44 47.5 1.27
Including 59.2 105.6 46.4 0.59 39.7 1.47
NKA11036 1.4 152.1 150.7 0.52 43.0 1.42
Including 1.4 44.0 42.6 0.63 48.4 1.75
NKA11038 55.3 296.6 241.3 0.68 55.0 1.85
Including 87.0 160.4 73.3 0.72 55.5 1.93
and 234.6 289.3 54.7 0.80 57.0 2.06
NKA11039 1.7 266.1 264.4 0.55 47.0 1.71
Including 36.1 106.3 70.2 0.66 51.7 1.88
and 176.9 252.6 75.7 0.62 43.1 1.59
TREO (total rare earth oxide) = sum of La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3;
HREO (heavy rare earth oxide) = sum of Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3;
Most significant REO's by % are Y2O3, La2O3, Ce2O3, Nd2O3, Dy2O3

Norra Karr is characterized by containing the highest proportion of the high value HREO (heavy rare earth oxide) of all advanced projects in the Western World, as evaluated by industry analysts at Technology Metals Research LLC (www.techmetalsresearch.com), with HREO as a percentage of TREO (total rare earth oxide) exceeding 50%.  Of particular note are the high grades of Y2O3 (yttrium oxide) and Dy2O3 (dysprosium oxide) both 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.

"These substantial new intersections from Norra Karr, with grades well above the current resource grade including high grades of dysprosium, will feed into the recently commissioned update to the NI 43-101 resource being completed by Pincock, Allen & Holt" said Mark Saxon, Tasman's President & CEO.  "This globally significant heavy rare earth element project is drawing the international attention it deserves as a potential major and long term supplier of dysprosium and other HREE's, in particular to the automotive industry."

This drill program has in-filled the Norra Karr project 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 drill hole NKA11040 (assays pending), which ended in the intrusion at the limit of the available drill rods.  This hole extended the depth of intrusion approximately 100m below the lower limit of current NI 43-101 compliant inferred resource.  Further information on the project and a recently published NI43-101 resource report can be found on the Company's website at http://www.tasmanmetals.com/s/Norra-Karr.asp.  The 4 holes reported herein are located on 100m infill sections EF and DE, with a drill spacing of approximately 80m on section (see Figure 1 - http://files.newswire.ca/863/tasman0629.pdf).

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 at site, please see a recent 3D fly through video at http://www.tasmanmetals.com/i/videos/video1/index.html.

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.

Tasman's cash position is approximately C$14.5 million.

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

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor 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.

Forward Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. 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.


SOURCE Tasman Metals Inc.

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1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive 
Nick Nicolaas +1 (604) 657 4058
Email: info@tasmanmetals.com

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Tasman Metals Inc.

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