TANAMI GOLD NL — Capital/Financing Update 2003

Nov 25, 2003

26 November 2003

The Manager Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000

Dear Sir

Compliance Statement under ASIC Class Orders 02/272 and 02/334

On 14 November 2003, Tanami Gold NL (the "Company") announced the issue of 24,800,000 fully paid ordinary shares by way of a private placement (the "Issue") that may be subject to a subsequent offer for sale. The Company relies on Australian Securities and Investments Commission Class Order 02/272 as amended by Class Order 02/334 (the "Class Order") in relation to the Issue.

In accordance with the Class Order the Company notifies ASX in relation to the Issue that all information of the kind that would be required to be disclosed under section 713(5) of the Corporations Act 2001 (Cth) if a prospectus were to be issued in reliance on section 713 of that Act (special prospectus content rules for continuously quoted securities) in relation to an offer of the securities comprised in the Issue has been disclosed to ASX.

Yours faithfully Tanami Gold NL

Kim Hogg Company Secretary

Tanami Compliance Statement 26Nov03