TIVAN LIMITED — Director's Dealing 2007

May 27, 2007

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	Terence Smith
Date of last notice	21 May 2007

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.	Terence Smith is a director of Bonsmith Pty Ltd, Teas Nominees Pty Ltd and Wardross Nominees Pty Ltd.
Date of change	28 May 2007
No. of securities held prior to change	700,000 ordinary shares and 350,000 options exercisable @ \$0.15 expiring 31 May 2007 owned directly or jointly by Terence Smith
	800,000 ordinary shares and 400,000 options exercisable @ \$0.15 expiring 31 May 2007 owned by Bonsmith Pty Ltd 122,710 ordinary shares and 2,500,000 @ \$0.15 per option
	expiring 31 May 2007 owned by Teas Nominees Pty Ltd.
Class	Options exercisable @ \$0.15 expiring 31 May 2007 Sale of options
Number acquired	350,000 ordinary shares 350,000 options exercisable @ \$0.15 expiring 31 May 2007

Number disposed	350,000 options exercisable @ \$0.15 expiring 31 May 2007
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	350,000 options transferred @ \$0.30 per option; 350,000 options exercised @ \$0.15/option
No. of securities held after change	700,000 ordinary shares owned directly or jointly by Terence Smith 1,150,000 ordinary shares and 400,000 options exercisable @ \$0.15 expiring 31 May 2007 owned by Bonsmith Pty Ltd 122,710 ordinary shares and 2,500,000 $@$ \$0.15 per option expiring 31 May 2007 owned by Teas 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	Off market transfer and exercise of 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
Interest after change