Tasman Resources : EdenCrete - Final ASTM C494 S Test Results

ACN 009 253 187

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

5 DECEMBER 2016

EDEN INNOVATIONS LTD - EDENCRETETM FINAL ASTM C494 S TEST RESULTS

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 ($0.205) on 2 December 2016, this investment had a market value of $134 million, which is equivalent to 35 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

• ASTM C494 "S" Test Programme for EdenCreteTM, which over a 12 months period measured the changes in performance of a standard concrete mix when EdenCreteTM was added, has been successfully completed.

• The final compressive strength test of concrete, enriched with 3.5 gallons of EdenCreteTM per cubic yard, continued the earlier trend and showed an impressive 37% increase in compressive strength at 365 days, compared with identical concrete of the same age without EdenCreteTM.

• Some of the other very positive results that were achieved include:

  • 41% increase in compressive strength at 56 days (ASTM C39)

  • 32% increase in flexural strength at 56 days (ASTM C78)

  • 22% increase in split tensile strength at 56 days (ASTM C496)

  • 59% reduction in the rate of abrasion at 90 days (ASTM C105)

  • 39% reduction in shrinkage (ASTM C157)

  • 9.5% increase in freeze/thaw resistance (ASTM C666)

• The highly successful completion of the ASTM C494 "S" trial programme is a major milestone that will enable:

  • The approval process to continue towards a future approval to use EdenCreteTM on highways by a number of other State Departments of

    Eden Innovations Ltd | Telephone +61 8 9282 5889

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

    Transportation in the USA to which Eden has applied for approval, but that require the prior completion of the ASTM C494 Programme, and

  • Assessment of the performance EdenCreteTM for possible future use of EdenCreteTM by a range of groups including engineers and architects.

    DETAILS

    Eden Innovations Limited ("Eden") (ASX: EDE) is pleased to announce the successful completion of the ASTM C494 "S" testing programme for EdenCreteTM enriched concrete that have been undertaken by Eden Innovations in Colorado over the past twelve months, to test EdenCreteTM in accordance with the standards and the procedures of ASTM C494 "S", producing extremely positive results.

    Results

    The details of all the results achieved during the 12 months trial period are set out in Figure 1 below.

    Figure 1.

    Major Milestone

    The completion of the ASTM C494 "S" trial programme is another major milestone for EdenCreteTM, which will facilitate:

  • The continuation of the approval process, towards a future approval to use EdenCreteTM on highways, by other State Departments of Transportation in the USA to which Eden has already applied for approval, but which first require the completion of the ASTM C494 Programme, in addition to satisfaction of other later conditions; and

  • Assessment of the performance of EdenCreteTM for its possible future use by a range of groups including engineers and architects.

Conclusion

The highly successful completion of the ASTM C494 "S" trial programme is another major milestone in Eden's efforts to accelerate its already significant progress towards achieving a longer term goal of broad penetration by EdenCreteTM into the huge US concrete and infrastructure markets.

BACKGROUND

EdenCreteTM is Eden's 100% owned, proprietary carbon-strengthened concrete additive, one of the primary target markets for which is improving the performance of concrete used in the construction and maintenance of concrete roads, bridges, airport runways and other infrastructure. Additionally, it has potential for use in a wide range of other concrete applications including high-rise building construction, marine and coastal applications, dams, water storage and pipelines, and pre-fabricated concrete structures and products.

Gregory H. Solomon

Executive Chairman