TANAMI GOLD NL — Director's Dealing 2003

Aug 19, 2003

Appendix 3Y

Rule 3.19.4.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Tanami Gold NL
ABN	51 000 176 617

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Denis Waddell
Date of last notice	18 March 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Tarney Holdings Pty Ltd (Mr Waddell is a director and shareholder of Tarney).
Date of change	15 August 2003
No. of securities held prior to change	$-3,225,001$ ordinary shares - 3,500,000 options exercisable at 20 cents each on or before 29 November 2005 - 8,612,501 Contributing Shares (issued at 20 cents each and paid to 1 cent each)
Class	Ordinary Shares
Number acquired	100,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$13,395.75

$+$ See chapter 19 for defined terms.

No. of securities held after change	-3,325,001 Ordinary Shares -3,500,000 options exercisable at 20 cents each on or before 29 November 2005 -8,612,501 Contributing Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in bav-back	On market trade

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.