TIVAN LIMITED — Director's Dealing 2007

Mar 25, 2007

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	23 January 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	John W Barr is a Director of Cavendish Corporation Limited, and a Director and Shareholder of Kensington Consulting Pty Ltd, Kensington Capital Pty Ltd and Farbarr Nominees Pty Ltd.
Date of change	21,22 and 26 March 2007
No. of securities held prior to change	480,000 ordinary shares owned by Cavendish Corporation Limited 6,000,000 ordinary shares and
	1,299,999 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
Class	Options expiring $31/5/07$ @ \$0.15 Ordinary shares

⁺ See chapter 19 for defined terms.

Number acquired	500,000 ordinary shares
Number disposed	469,000 options exercised, 700,000 options sold and 480,000 shares sold
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	500,000 @ \$0.42 per share purchased 469,000 @ \$0.15 per option exercised 200,000 @ \$0.252 per option sold 500,000 @ \$0.25 per option sold 480,000 @ \$0.42 per share sold
No. of securities held after change	6,500,000 ordinary shares and 599,999 options exercisable @ \$0.15 expiring 31 May 2007 owned by Kensington Consulting Pty Ltd.
	2,800,000 ordinary shares and $1,031,000$ options exercisable $@$ \$0.15 expiring 31 May 2007 owned b٧ Kensington Capital Pty Ltd.
	700,000 ordinary shares held bγ 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 purchase of shares, exercise of options and on-market sale of shares and 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	Interest in Service Agreement.

⁺ See chapter 19 for defined terms.

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