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
lABN	51 000 617 176

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	Gary Comb
l Date of last notice.	28 November 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

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Bluedale Pty Ltd (Mr Comb is a director and shareholder of Bluedale).
Date of change	25 October 2004
No. of securities held prior to change	1,058,299 Ordinary Shares 8,399,596 Contributing Shares (issued at 20 cents each and paid to 1 cent each) 800,000 options exercisable at 20 cents each on or before 29 November 2005 1,500,000 options exercisable at 20 cents each on or before 27 November 2008
Class	Unlisted options exercisable at 22.5 cents each on or before 20 October 2009.
Number acquired	15,000,000
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	1,058,299 Ordinary Shares; 8,399,596 Contributing Shares (issued at 20 cents each and paid to 1 cent each); 800,000 options exercisable at 20 cents each on or before 29 November 2005; 1,500,000 options exercisable at 20 cents each on or before 27 November 2008; 15,000,000 options exercisable at 22.5 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 buy- back	Grant of options approved by shareholders

Part 2 - Change of director's interests in contracts

Detail of contract	Not Applicable
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. estimated provide details and an valuation
Interest after change

$+$ See chapter 19 for defined terms.