TANAMI GOLD NL — Capital/Financing Update 2007

Dec 13, 2007

TANAMI GOLD NL

14 December 2007

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

Dear Sir

TANAMI GOLD NL Notice under Section 708A

On 20 November 2007 Tanami Gold NL ("Company") completed the issue of 204,600,000 fully paid ordinary shares ("shares") at A$0.10 per share which constituted the second tranche of the 330 million share (A$33 million) capital raising announced to the market on 12 December 2007.

The shares were placed with international and domestic institutional and sophisticated investors.

The shares are part of a class of securities quoted on ASX.

The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Act").

The shares were issued without disclosure to investors under Part 6D.2 of the Act.

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

• (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

• (b) Section 674 of the Act.

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

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

Yours faithfully Tanami Gold NL

==> picture [175 x 22] intentionally omitted <==

Denis Waddell Executive Chairman

Level 4, 50 Colin Street, West Perth, Western Australia, 6005 � P.O. Box 1892, West Perth, Western Australia, 6872 Tel: +61 (8) 9212 5999 � Fax: +61 (8) 9212 5900 � Email: tanamigold@tanami.com.au � Website: www.tanami.com.au. � ABN: 51 000 617 176