TIVAN LIMITED — Director's Dealing 2006

Dec 17, 2006

Tennant Creek Gold LIMITED

EXERCISE OF OPTIONS

18 December 2006

The Directors of Tennant Creek Gold Limited (ASX: TNG) wish to advise that they have received a further 4,278,400 notices to exercise options expiring 31 May 2007 @ \$0.15 (TNGO) and 100,000 options expiring 30 November 2007 @ \$0.23 resulting in additional working capital of \$664,760.

Of the 4,278,400 options expiring 31 May 2007 @ \$0.15, 1,200,000 options were exercised by companies associated with Mr John W Barr, Chairman of Tennant Creek Gold Limited and 3,000,000 options were exercised by a company associated with Mr Neil Biddle, Managing Director of Tennant Creek Gold Limited.

Attached are Appendix 3Ys.

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

Ordinary Fully Paid Shares	106,139,071
Options expiring on 30 April 2007	7,000,000
Options expiring on 31 May 2007	59,153,334
Options expiring on 30 November 2007	2,300,000

Yours faithfully TENNANT CREEK GOLD LIMITED

DAMIAN DELANEY Company Secretary

Rule 3.19A.2

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	John W Barr
Date of last notice	2 August 2006

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	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	John W Barr is a director of Cavendish Corporation Limited, Kensington Consulting Pty Ltd, Kensington Capital Pty Ltd and Farbarr Nominees Pty Ltd.
Date of change	14 & 18 December 2006
No. of securities held prior to change	1,000,000 ordinary shares owned by Cavendish Corporation Limited
	5,000,000 ordinary shares and 2,799,999 options exercisable @ \$0.15 expiring 31 May 2007 owned by Kensington Consulting Pty Ltd.
	2,000,000 ordinary shares and 2,100,000 options exercisable @ \$0.15 expiring 31 May 2007 owned by Kensington Capital Pty Ltd.
	700,000 ordinary shares held by. Farbarr Nominees Pty Ltd
Class	Ordinary shares Options expiring $31/5/07$ @ \$0.15

⁺ See chapter 19 for defined terms.

Number acquired	1,200,000
Number disposed	989,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	989,000 Ordinary shares - \$492,396.95 1,200,000 Options exercised - \$0.15 per option
No. of securities held after change	480,000 ordinary shares owned by Cavendish Corporation Limited
	5,400,000 ordinary shares and 2,199,999 options exercisable @ \$0.15 expiring 31 May 2007 owned by Kensington Consulting Pty Ltd.
	2,331,000 ordinary shares and $1,500,000$ options exercisable $@$ \$0.15 expiring 31 May 2007 owned by Kensington Capital Pty Ltd.
	700,000 ordinary shares held b٧ Farbarr Nominees Pty Ltd
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	of On-market trade and exercise options

Part 2 - Change of director's interests in contracts

Detail of contract
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, provide details and an estimated valuation

$+$ See chapter 19 for defined terms.

Interest after change

$\overline{\text{+ See chapter 19 for defined terms.}}$

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
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	NEIL BIDDLE
Date of last notice	23 Oct 2006

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	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Neil Biddle is a Director of Biddle Partners Pty Ltd and Hatched Creek Pty Ltd
Date of change	15 & 18 Dec 2006
No. of securities held prior to change	5,657,868 ordinary shares and 5,553,934 options exercisable at \$0.15 and expiring 31 May 2007 held by Biddle Partners Pty Ltd
	100,000 ordinary shares and 1,050,000 options exercisable at \$0.15 and expiring 31 May 2007 held by Neil Biddle as trustee for the Ace Account
	4,000 ordinary shares by Neil Biddle
	265,708 options exercisable at \$0.15 and expiring 31 May 2007 held by Hatched Creek Pty Ltd

⁺ See chapter 19 for defined terms.

Class	Ordinary shares Options exercisable @ \$0.15 expiring 31 May 2007
Number acquired	3,000,000
Number disposed	1,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1,000,000 Ordinary shares - \$0.50 per share 3,000,000 options exercised - \$0.15 per option
No. of securities held after change	7,657,868 ordinary shares and 2,553,934 options exercisable at \$0.15 and expiring 31 May 2007 held by Biddle Partners Pty Ltd 100,000 ordinary shares and 1,050,000 options exercisable at \$0.15 and expiring 31 May 2007 held by Neil Biddle as trustee for the Ace Account 4,000 ordinary shares by Neil Biddle 265,708 options exercisable at \$0.15 and expiring 31 May 2007 held by Hatched Creek Pty Ltd
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade оf and exercise options

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
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

$+$ See chapter 19 for defined terms.

Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$\overline{\text{+ See chapter 19 for defined terms.}}$