TIVAN LIMITED — Director's Dealing 2006

May 23, 2006

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
IABN: 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	19 May 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	22 May 2006
No. of securities held prior to change	1,500,000 ordinary shares and 1,005,531 options exercisable @ \$0.15 expiring 31 May 2007 owned by Cavendish Corporation Limited 4,500,000 ordinary shares and 1,999,999 options exercisable @ \$0.15 expiring 31 May 2007 owned by Kensington Consulting Pty Ltd. 2,000,000 ordinary shares and 2,300,000 options exercisable @ \$0.15 expiring 31 May 2007 owned by Kensington Capital Pty Ltd. 700,000 ordinary shares held bv Farbarr Nominees Pty Ltd

⁺ See chapter 19 for defined terms.

Class	Ordinary shares
Number acquired	500,000
Number disposed	500,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$0.23 per Ordinary share
No. of securities held after change	1,000,000 ordinary shares and $1,005,531$ options exercisable $@$ \$0.15 expiring 31 May 2007 owned by Cavendish Corporation Limited
	5,000,000 ordinary shares and 1,999,999 options exercisable @ \$0.15 expiring 31 May 2007 owned by. Kensington Consulting Pty Ltd.
	2,000,000 ordinary shares and 2,300,000 options exercisable @ \$0.15 expiring 31 May 2007 by owned Kensington Capital Pty Ltd.
	700,000 ordinary shares held bv 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	On-market trade

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

$+$ 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

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