TIVAN LIMITED — Director's Dealing 2006

Dec 4, 2006

Tennant Creek Gold LIMITED

INITIAL DIRECTOR'S INTEREST NOTICE

05 December 2006

In accordance with Listing Rule 3.19A.1 and subsequent to the shareholders approval of resolutions 4 and 8 at the Company's Annual General Meeting, held 28 November 2006, the Company wishes to announce the Initial Director's Interest Notice of Mr Edward Fry including the issue of 1,500,000 Incentive options to Mr Fry, expiring 30 November 2007, exercisable @ \$0.23.

A further 1,000,000 Incentive options expiring 30 November 2007 @ \$0.23, were issued following the approval of resolution 9 at the Company's Annual General Meeting.

Also, the Company wishes to announce that they have received notices to exercise 65,505 options expiring 31 May 2007 @ \$0.15 and 100,000 options expiring 30 November 2007 @ \$0.23 resulting in additional working capital of \$32,825.75

Attached is an Appendix 3X and Appendix 3B.

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

Ordinary Fully Paid Shares	101,760,671
Options expiring on 30 April 2007	7,000,000
Options expiring on 31 May 2007	63,431,734
Options expiring on 30 November 2007	2,400,000

Yours faithfully TENNANT CREEK GOLD LIMITED

DAMIAN DELANEY Company Secretary

Appendix 3X

Rule 3.19A.1

Initial 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
IABN	12 000 817 023

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Edward Fry
Date of appointment	28 November 2006

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Number & class of securities
26,785 Ordinary shares 1,500,000 Unlisted Options expiring 30 November 2007, exercisable @ \$0.23

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities
Nil

⁺ See chapter 19 for defined terms.

Part 3-Director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

⁺ See chapter 19 for defined terms.

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

TENNANT CREEK GOLD LIMITED

ABN

12 000 817 023

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+ Class of + securities issued or to be issued		2,500,000 Unlisted Incentive options expiring 30 November 2007, exercisable $\omega$ \$0.23 165,505 Ordinary shares
$\overline{z}$	Number of *securities issued or to be issued (if known) or maximum number which may be issued		2,500,000 Unlisted Incentive options expiring 30 November 2007, exercisable $\omega$ \$0.23 165,505 Ordinary shares
3	Principal terms of the *securities (eg, if options, exercise price and expiry date; if partly paid		2,500,000 Unlisted Incentive Options expiring 30 November 2007 @ \$0.23
	*securities, the amount outstanding and due dates for payment; if + convertible securities, the	165,505	Ordinary shares
	conversion price and dates for conversion)

⁺ See chapter 19 for defined terms.

4	Do the securities rank equally in all respects from the date of allotment with an existing "class of quoted securities?	$No$ – New issue of unlisted options Yes - Ordinary shares
	If the additional securities do not rank equally, please state: the date from which they do which extent to they the participate for the next dividend, οf the case $\mathbf{a}$ (in trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
5	Issue price or consideration	November 30 28 November 2006.	2,500,000 Unlisted Incentive options expiring 2007 \$0.23 for @ nil consideration as approved by shareholders at the Company's Annual General Meeting held
			165,505 Ordinary shares are issued on the exercise of 65,505 options expiring 31 May 2007 @ \$0.15 (TNGO) and 100,000 unlisted options expiring 30 November 2007 @ \$0.23.
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	The $2,500,000$ options	issued are as - a performance incentive and for the Company to continue to retain directors of high caliber.
			The 165,505 ordinary shares are issued on the exercise of 65,505 options expiring 31 May 2007 @ \$0.15 (TNGO) and 100,000 unlisted options expiring 30 November 2007 @ \$0.23
7	Dates of entering + securities into uncertificated holdings or despatch of certificates		30 November 2006 and 1,5 December 2006
8	Number and class οf all securities ASX. quoted on (including the securities in clause 2 if applicable)	Number 101,760,671 61,431,734	+ Class Ordinary shares Options expiring 31 May 2007 (TNGO) @ \$0.15

⁺ See chapter 19 for defined terms.

$\overline{9}$ Number and *class of all *securities not quoted on ASX (including the securities in clause 2 if applicable)

Number		*Class
2,000,000	Options	Exercise price
		\$0.15, expiring 31
		May 2007
7,000,000	Options	Exercise price
		\$0.12, expiring 30
		April 2007
2,400,000	Options	Exercise price
		\$0.23, expiring 30
		November 2007

Dividend policy (in the case of a $\sqrt{\frac{N_0}{N_0}}$ No policy. $10$ increased capital (interests)

• See chapter 19 for defined terms.

Part 2 - Bonus issue or pro rata issue

$\mathbf{11}$	holder approval security Is required?
12	Is the issue renounceable or non- renounceable?
13	Ratio in which the *securities will be offered
14	Class of securities to which the offer relates
15	$+$ Record date to determine entitlements
16	Will holdings on different registers for calculating aggregated be entitlements?
17	Policy for deciding entitlements in relation to fractions
18	Names of countries in which the entity has *security holders who will not be – sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.
19	Closing date for receipt οf acceptances or renunciations
20	Names of any underwriters
21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue

⁺ See chapter 19 for defined terms.

• 25 If the issue is contingent on *security holders' approval, the date of the meeting
• 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
• 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
• 28 Date rights trading will begin (if applicable)
• 29 Date rights trading will end (if applicable)
• 30 How do *security holders sell their entitlements in full through a broker?
• How do "security holders sell part 31 of their entitlements through a broker and accept for the balance?
• 32 How do *security holders dispose of their entitlements (except by sale through a broker)?

33 *Despatch date

Part 3 - Ouotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities $(iick one)$
• $(a)$

Securities described in Part 1

⁺ See chapter 19 for defined terms.

$(b)$ All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

ty securities, the names of the 20 largest holders of the $\mathbf{h}$ is number and percentage of additional *securities held by

If the *securities are *equity securities, a distribution schedule of the additional 36 *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ $10,001 - 100,000$ 100,001 and over

37

A copy of any trust deed for the additional *securities

Entities that have ticked box 34(b)

• 38 Number of securities for which *quotation is sought
• 39 Class of *securities for which quotation is sought

$+$ See chapter 19 for defined terms.

40 Do the *securities rank equally in all respects from the date of allotment with an existing "class of quoted *securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend. (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

42 Number and *class of all *securities quoted on ASX (including the securities in clause 38)

Number	+Class

Quotation agreement

• $\mathbf{I}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the "securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the *securities to be quoted complies with the law and is not for $\bullet$ an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

⁺ See chapter 19 for defined terms.

• Section 724 or section 1016E of the Corporations Act does not apply to any $\bullet$ applications received by us in relation to any "securities to be quoted and that no-one has any right to return any "securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• We warrant that if confirmation is required under section 1017F of the $\bullet$ Corporations Act in relation to the "securities to be quoted, it has been provided at the time that we request that the "securities be quoted.
• If we are a trust, we warrant that no person has the right to return the $\bullet$ *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the "securities be quoted.
• $\mathbf{R}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Company Secretary

Sign here:

Date: 05 December 2006

Print name: DAMIAN DELANEY

__ __ __ __ __

$+$ See chapter 19 for defined terms.