TANAMI GOLD NL — Capital/Financing Update 2012

Jun 26, 2012

27 June 2012

Denis Waddell DEPUTY CHAIRMAN Jane Bown EXECUTIVE ASSISTANT

Loan Facility – AP Finance Limited

Tanami Gold NL (‘Tanami’ or ‘the Company’) advises that it has rolled its existing unsecured loan facility of HKD 200.7 million (approximately AUD 25.7 million) with AP Finance Limited (an entity associated with the Company’s largest shareholder) into a new unsecured loan facility with a repayment date of 30 June 2014.

Tanami’s new unsecured loan facility (which includes its previously existing facility) with AP Finance Limited is for HKD 280.7 million (approximately AUD 36.0 million) of which the Company has drawn HKD 216.7 million (approximately AUD 27.8 million), leaving the Company with HKD 64.0 million (approximately AUD 8.2 million) in undrawn funds.

The increase in the Company’s debt with AP Finance Limited from HKD 184.2 million (approximately AUD 23.6 million) as at 31 March 2012 to HKD 216.7 million (approximately AUD 27.8 million) as at today’s date has been used primarily to fund the commencement of a program to selectively refurbish the Company’s mining equipment, and to fund the Company’s intensive exploration programs at both the Western Tanami Operations and the Central Tanami Project which continue to deliver significant increases in Resources for the Company (as most recently announced on 18 June 2012).

The Company’s increased loan facility with AP Finance Limited will be used to fund the following:

• Ongoing exploration programs at the Western Tanami Operations and the Central Tanami Project;

• The continuation of the refurbishment program for components of the Company’s mining fleet, support equipment and camp infrastructure;

• Ongoing work associated with completing the Definitive Feasibility Study for the development of the Central Tanami Project;

• Care and maintenance costs associated with the Central Tanami Project; and

• Additional working capital requirements.

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Denis Waddell

Deputy Chairman