TIVAN LIMITED — Director's Dealing 2005

Jul 21, 2005

Appendix 3Y

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	Tennant Creek Gold Limited
ABN	12 000 817 023

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	Michael Phillip Bowen
Date of last notice	28 July 2004

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.	Bouchi Pty Ltd of which I am a director and shareholder holds ordinary shares and options in Tennant Creek
Date of change	14, 15, 18 & 22 July 2005
No. of securities held prior to change	793, 747 ordinary shares and 1,750,000 options each exercisable at 15 cents on or before 31 May 2007
Class	Ordinary shares and options each exercisable at 15 cents on or before 31 May 2007
Number acquired	650,000 ordinary shares by the exercise of options
Number disposed	693,745 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares were acquired for \$97,500.00 and disposed of for \$189,723.39
No. of securities held after change	750,002 ordinary shares and 1,100,000 options each exercisable at 15 cents
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options and 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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change	N/A
Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A