TANAMI GOLD NL — Capital/Financing Update 2004

Jun 3, 2004

4 June 2004

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

Dear Sir

COMPLIANCE STATEMENT UNDER ASIC CLASS ORDER 02/1180

On 25 May 2004 Tanami Gold NL ("Company") announced a placement of 36 million fully paid ordinary shares in the Company ("the Issue") with institutional and private investors both internationally and in Australia.

The Company has now completed the allotment of the 36 million shares at an issue price of 18 cents each, raising \$6.48 million. The Company relies on Australian Securities and Investments Commission Class Order 02/1180 (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