TANAMI GOLD NL — Capital/Financing Update 2004

Apr 19, 2004

20 April 2004

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

Dear Sir

ANZ AS5.0 MILLION FINANCE FACILITY

The Directors are pleased to announce that the Australia and New Zealand Banking Group Limited (ANZ) has provided Tanami Gold NL with a A\$5.0 million Bridging Facility for the purpose of funding the final A\$5.0 million payment due to AngloGold Australia Limited in mid May 2004, for the acquisition by the Company of the Coyote Gold Project.

The maturity date of the Facility being 30 October 2004, is designed to coincide with the likely timing of establishing a project finance facility for the development of the Covote Gold Project which could. if necessary, be used to refinance the Bridging Facility.

Yours faithfully Tanami Gold NL

Read Water

Denis Waddell Executive Chairman ASX_TAM_20April2004