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TIVAN LIMITED Capital/Financing Update 2006

Feb 27, 2006

65967_rns_2006-02-27_f0f9337f-b9fd-4aca-8357-12901ca1d207.pdf

Capital/Financing Update

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CORRECTION TO TIMETABLE

28 February 2006

Tennant Creek Gold Limited (ASX: TNG) would like to advise that due to the Labour Day public holiday in Victoria on Monday 13 March 2006, the ex date for the 2007 Options issue has been brought forward to the 9 March 2006.

The indicative timetable is included below (these are anticipated dates and are subject to change):

General meeting to approve the pro-rata offer
of options
1 March 2006
Lodgement of prospectus with ASIC and ASX 8 March 2006
Shares quoted on an "ex" basis 9 March 2006
Record date for determining entitlements 16 March 2006
Prospectus and entitlement and acceptance
form dispatched to eligible shareholders
17 March 2006
Closing date 31 March 2006
Anticipated date for allotment and issue of
listed options
3 April 2006
Completion of placement of shortfall (if any) 6 April 2006

Yours faithfully TENNANT CREEK GOLD LTD

DAMIAN DELANEY Company Secretary