Tasman Resources : EdenCrete - ASTM C494 S Test Clarification

ACN 009 253 187

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

6 DECEMBER 2016

EDEN INNOVATIONS LTD - EDENCRETETM

FINAL ASTM C494 "S" TEST PROGRAMME RESULTS - CLARIFICATION

Please see attached ASX Announcement by Eden Innovations Ltd (ASX: EDE) for further details.

Background

Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 493,198,298 fully paid shares in Eden (representing 39.34% of the total issued capital of Eden) and 101,356,779 EDEO options (representing 47.15% of the issued EDEO options). This equates to 1.29 EDE shares and

0.27 EDEO options held for every Tasman share issued.

Based on the last traded prices on the ASX of EDE ($0.23) and EDEO ($0.215) on 5 December 2016, this investment had a market value of $135 million, which is equivalent to 35.5 cents for every currently issued TAS share.

Aaron Gates Company Secretary

Level 15, 197 St George's Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866

Email: mailroom@tasmanresources.com.au

In the ASX announcement dated 5 December 2016 lodged by Eden Innovations Ltd ("Eden") with the ASX, reference is made in two places to a dosage rate of EdenCreteTM having been used in the ASTM C494 "S" Test Programme, of 3.5 US gallons of EdenCreteTM per cubic yard of concrete. This occurs in reference to the final compressive strength test, at 365 days, and also in the table of results from the 12 months trial (see Figure 1

below), in each case compared with an identical concrete mix of the same age but without any EdenCreteTM.

In several earlier ASX announcements and presentations over the past year related to the EdenCreteTM ASTM C494 "S" Test Programme, Eden has incorrectly reported a dosage rate of 4 gallons of EdenCreteTM per cubic yard of concrete having been used. The correct dosage rate used was 3.5 US gallons of EdenCreteTM per cubic yard of concrete as reported on 5 December 2016.

The error occurred in the conversion of the dosage rate, originally calculated in fluid ounces per hundredweight (100 pounds weight) of cement that had been used per cubic yard of concrete, to a dosage rate in US gallons per cubic yard of concrete.

In the conversion and rounding, the previously reported dosage rate of 4 gallons was reached. In fact, the impressive results achieved, required 12.5% less EdenCreteTM than previously reported.

Figure 1.

Gregory H. Solomon

Executive Chairman

Eden Innovations Ltd | Telephone +61 8 9282 5889

Level 15, 197 St George's Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com