TIVAN LIMITED — Capital/Financing Update 2007

Feb 5, 2007

Tennant Creek Gold LIMITED

EXERCISE OF OPTIONS

5^th February 2007

The Directors of Tennant Creek Gold Limited (TNG) advise that the Company has raised an additional \$340,448 through the exercise of 2,269,651 TNGO options at \$0.15 since 1 January 2007.

As a result of the exercise of the options, the share capital of TNG is now:

Ordinary Fully Paid Shares 111,489,871 Options expiring on 31 May 2007 54,802,534 Unlisted Options expiring on 31 May 2007 2,000,000 Unlisted Options expiring on 30 April 2007 7,000,000 Unlisted Options expiring on 30 November 2007 2,300,000

Yours faithfully TENNANT CREEK GOLD LIMITED

Damian Delaney Company Secretary