TANAMI GOLD NL — Director's Dealing 2004

Nov 11, 2004

Appendix 3Y

Rule 3.19A.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	Martin Kavanagh
Date of last notice	20 August 2003

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.	Conway Bay Pty Ltd (Mr Kavanagh is a director and shareholder of Conway Bay).
Date of change	25 October 2004
No. of securities held prior to change	83,750 Ordinary Shares ۰ 3,023,750 Contributing Shares (issued at 20 cents each and paid to 1 cent each) 1,000,000 Options exercisable at 20 cents ٠ each on or before 29 November 2005
Class	Unlisted options exercisable at 22.5 cents each on or before 20 October 2009
Number acquired	3,750,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

⁺ See chapter 19 for defined terms.

No. of securities held after change	83,750 Ordinary Shares ۰ 3,023,750 Contributing Shares (issued at 20 cents each and paid to 1 cent each) 1,000,000 Options exercisable at 20 cents ٠ each on or before 29 November 2005 $3,750,000$ options exercisable at 22.5 ٠ cents each on or before 20 October 2009
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in bnv-back	Grant of options approved by shareholders

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-eash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.