TANAMI GOLD NL — Capital/Financing Update 2012

Nov 15, 2012

16 November 2012

Jon Latto COMPANY SECRETARY Jane Bown EXECUTIVE ASSISTANT

16 November 2012

INCREASED LOAN FACILITY AND BOARD CHANGES

The Board of Tanami Gold NL (‘Tanami’ or ‘the Company’) advises that it has reached agreement with AP Finance Limited for an increase in the Company’s loan facilities of up to A$10 million as it continues its exploration programs at the Coyote Gold Project and at the Central Tanami Project and progresses with the Central Tanami Project Definitive Feasibility Study which is scheduled for completion in April 2013.

The Board also advises that Mr Denis Waddell and Mr Alan Senior have resigned as Directors of the Company with immediate effect. The Board wishes to thank Mr Waddell and Mr Senior for their contributions to the Company over the last 18 years and 5.5 years respectively. The Board will commence a search for suitably qualified independent Non-Executive Directors immediately.

The Board will undertake a comprehensive recruitment process to locate a Managing Director/Chief Executive Officer of the Company. In the interim, the Company will be managed by its senior executive team, headed by the Company’s General Manager, Mr Andrew Czerw, with support from the Board.

Arthur Dew Non-Executive Chairman

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