TANAMI GOLD NL — Capital/Financing Update 2004

Dec 21, 2004

22 December 2004

The Manager Company Announcement Office Australian Stock Exchange Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Sir

TANAMI GOLD NL Notice under Section 708A

On 20 December 2004, Tanami Gold NL (Company) issued 58,500,000 shares at 16 cents per share as the second and final tranche of a 100 million share (\$16 million) capital raising announced to the market on 8 November 2004.

Of the 58,500,000 shares, a total of 9,375,000 were issued pursuant to the Company's prospectus dated 8 November 2004. The balance of 49,125,000 shares ("placement shares") were placed with institutional and sophisticated investors.

The shares are part of a class of securities quoted on the Australian Stock Exchange Limited (ASX).

The Company gives this notice pursuant to Section $708A(5)$ of the Corporations Act.

The placement shares were issued without disclosure to investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act.

The Company, as at the date of this notice, has complied with:

(a) the provisions of Chapter 2M of the Corporations Act; and

(b) Section 674 of the Corporations Act.

As at the date of this notice, there is no excluded information to be provided in accordance with section $708A(7)$ and $(8)$ of the Act.

All questions in respect of the announcement should be directed to Mr Denis Waddell (08) 9212 5999.

Yours faithfully Tanami Gold NL

Kim Hogg Company Secretary

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