TIVAN LIMITED — Director's Dealing 2007

Jan 22, 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	18 December 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, and a Director and Shareholder of Kensington Consulting Pty Ltd, Kensington Capital Pty Ltd and Farbarr Nominees Pty Ltd.
Date of change	16,18,19 & 22 January 2007
No. of securities held prior to 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 bν Kensington Consulting Pty Ltd.
	2,331,000 ordinary shares and 1,500,000 options exercisable @ \$0.15 expiring 31 May 2007 owned bν 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	600,000 ordinary shares
Number disposed	600,000 options exercised and 300,000 options sold
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	600,000 @ \$0.15 per option exercised 100,000 @ \$0.335 per option sold 100,000 @ \$0.34 per option sold 100,000 @ \$0.336 per option sold
No. of securities held after 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
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options and on-market sale

Part 2 - Change of director's interests in contracts

E MELLE – WINDING VI VIRVOUVE V RUVIVOUV ILI VORT
Detail of contract	Service Agreement with Kensington Consulting Pty Ltd
Nature of interest	J.W. Barr is a Director and Shareholder of Kensington Consulting Pty Ltd.
Name of registered holder (if issued securities)	N/A
Date of change	Approved by shareholders: 28 November 2006 Agreement signed: 2 January 2007
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	N/A
Interest acquired	Interest in Service Agreement.
Interest disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	As approved

⁺ See chapter 19 for defined terms.

Interest after change	Interest in Service Agreement.

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