TIVAN LIMITED — Investor Presentation 2007

Feb 6, 2007

Tennant Creek Gold LIMITED

MANBARRUM PRESENTATION

7^th February 2007

The Directors of Tennant Creek Gold are pleased to announce the start of an intense international promotional campaign for your Company.

The attached presentation will be presented today by Mr Neil Biddle, the Managing Director at The 4^th Australian Zinc Briefing 2007 at the Marriott Hotel, Sydney.

Yours faithfully TENNANT CREEK GOLD LIMITED

Damian Delaney Company Secretary

Tennant Creek Gold Limited

The Manbarrum Zinc-Lead-Silver Project Bonaparte Basin, NT, Australia

Neil G Biddle Managing Director Tennant Creek Gold Ltd

Share capital

ASX Code: TNG

X

• Shares on Issue: 111.5M
• Listed 07 Options: 54.8M @ 15c X 8715
• Unlisted 07 Options: 7M @ 12c
  30/4; 2M @ 15c 31/5; 2.3M @ 23c X 30/11
• Market Capitalisation Fully Diluted @ 50 cents per share: S33M
• Major shareholders: Directors
  24%; ANZ Nom. 16%; RAB 11% Ő

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Asset Summary

Cash & Liquid Assets: Approx. \$7M m

• WA Cawse Extended Nickel: 20% free carried to production or 2.5% NSR @ TNG's election
• NT Gold and Gold-Copper-U: Spring Hill: 300,000 oz gold resource Rover Field: Large tenement position. Peterman Ranges-SE Musgrave Block: Large tenement position
• NT Croker Island Bauxite: Explored H by Shell Minerals & others 1954-62 bauxite resources defined
• NT Manbarrum Zinc-Lead-Silver

MANEARRUM PROJECT

MANEARRUM PROJECT

Key Tectonic Elements - Major Deposits

Bonaparte Basin

• Sorby: Lead-Zinc-Silver Sandy Creek: Zinc-Lead Silver Offshore & Onshore: Oil and Gas
• Kimberley Block

Eamers

O

E

• Canning Basin-Fitzroy Trough Lennard Shelf: Zinc-Lead District Ellendale: Diamonds
• Halls Creek Mobile Zone E Argyle: Diamonds Koongie Park: Copper-Zinc-Lead Sally Malay: Nickel

Tenement Location, Project Logistics

Large tenement positions over Manbarrum & western and southern Bonaparte shelf margins m WA

• Weaber Gas Field 10km

• Kununurra 82km by road

• Wyndham Port 180km by ROZTO
• Darwin 400km by air

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Geology - Onshore Bonaparte Basin

• V-shaped north dipping & deepening sedimentary ICESTO
• · Pincombe Inlier separates Carlton & Burt Range Sub-basins
• 550 km sq of Bonaparte shelf Margin along 50 km strike length entirely within Nu
• MVT Zinc-Lead-Silver mineralisation identified over entire strike length

Burt Range Sub-Basin and Shelf

Key Elements

Devonian-Carboniferous sediments max depth1.5km

Prospective carbonate horizons near surface at basin margins

Burt Range host for both Sorby and Sandy Creek

Milligans Formation important as seal to mineralisation

Tennant Creek Gold tamical

MANEARRUM PROJECT

• Spirit Hill No. 1 well drilled in 1959 intercepted sphalerite and galena in the Burt Range Fm
• Discovery of gossans at Sorby Hills in 1971 and Sandy Creek in 1972
• Between 1971 1986 Aquitaine discovered 14 pods of mineralisation and delineated significant pre-JORC resources
• 1993-1998 Delta Gold farms into NT Bonaparte Shelf Project, reinterprets Aquitaine data, completes limited geophysics and diamond drilling
• 2004 TNG acquires 100% of NT Bonaparte Shelf Project, now called Manbarrum Project.

Historical Soil Geochem Data

S2000mM SOOOmh Ë Ş Extensive regional zinc soil anomaly ELA25470 Clm (ilometres D. Anomalous Teek 8310000mN Gossans $C \mid r$ Pe 8300000mN KEY - Western Soil geochemistry anomaly Faults - interpreted from gravity data Outcrop EL24395 Cim Geological boundary Pe

.1200 holes drilled along 50 Km shelf margin strike length

.Drilling 96% ineffective by failing to reach Sandy Dolomite

.Zn dominant drillhole intercepts NE of Browns Hill.

Project History TNG

• 2004 2006: Key tenements granted, Negotiations with Native Title Holders, AAPA Clearance Certificate, NTA, review historical data
• 2006 TNG commenced field work
• $-$ IP survey
• Gravity survey
• High Resolution Satellite Imagery
• 62 RC holes completed for a total $of 9,471m$
• Preliminary metallurgy
• 2007 Resource Estimate · Approx. \$4M exploration expenditure to date

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Deposit geology – soil cover removed

2006 RC Drilling

.62 RC drill holes on 10 traverses Average depth of drilling~150m .Max vertical depth ~200m *Drill hole spacing ~50x50m •110m @ 5.73% Zn eq •85m @ 5.46% Zn eq $\cdot 66$ m @ 4.67% Zn eq •51m @ 5.09% Zn eq

· Zinc dominant stratabound & pipe mineralisation, Zn:Pb ~ 7:1

M% contour map

·Tabular west-dipping mineralisation 450X250m

High grade mineralisation located south of E-W normal Tanta

.Fault interpreted as active during and after mineralisation event to provide favourable setting for large tonnage, high grade deposit.

• Mineralisation remains open to the south, north and west

CER

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Cross section 8,297,050N

Cross section 8,297,350N

Resource Estimation Model - Looking East

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* 120016

$\sim$ 287030 $\mu$ $\sim$ 28723

DKI 25634

80022 A W

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Comparison of grade and commodity distribution

• .Zn is predominant base metal in
• $\%Zn$ primary zone
• .Zn and Pb are only marginally
• correlating
• .Pb and Ag are co-occurring
  • .Pb and Ag occur in the oxide zone

MANBARRUM PROJECT

Resource Estimation - Results

Resource Estimation	Category	Tonnes Mt	$Zn\%$	$Pb\%$	Ag g/t	*ZnEq% $(Zn+Pb)$
Pipes	Indicated	3.30	3.46	0.86	620	3(33)
	Inferred	2.10	4.55	0.27	742	2469
Stratabound	Indicated	3.77	1.90	0.70	5776	910.)
	Inferred	1.30	1.98	$-1.30$	628	2468)
Grand Total		$-10.47$	$-2.93$	0.74	5,50	3.60
Supergene	Indicated	0.20	1.22	5.05	KI-WA	374

*Zn:Pb ratio 2:1

Petrology - Mineralogy

.Classic MVT carbonate-replacement, fracture fill and disseminate style of mineralisation,

•Colloform textured Sphalerite (Zn) - Galena (Pb)- Argentite (Ag) sulphides,

*Classic sulphide formation sequence: Marcasite/Pyrite - Sphalerite + Galena +Ag

Global MVT District

Deposit/District	Subdistrict	Area km2	Tonnage $\cdots$ Mt $\cdot$	$\mathbf{Zn\%}$	$Pb\%$	Contained Metal Mt
SE Missouri- Total	Total	2,500	c. 800	0.5	4.5	c.40
SE Missouri- Total	Viburnum Trend	500	c.420		61	29.4
SE Missouri- Total	Old Lead Belt	1,500	c.370		3.	$\mathfrak{c}$ . $\mathfrak{l}$
Silesia		$c$ 3,200	> 500	$4 - 5$	IP.	>30
Central Tennessee		$c.5,000$ .	$>500$ .		0.1	15,51
East Tennessee		$c$ 7,500	c.500			15
Tri State district		c.1,800	$c.500 -$	2.3	0.6	14.5
Pine Point		1,600	94.5	6.2	2.61	8.2
Lennard Shelf		6,500	35.3	8.9	3.8	4S
Upper Mississippi Valley		7,800			18	2.0
Bonaparte Shelf	Sorby Hills Sandy Creek	$820 -$	16.25 10.50	2.5 2.93	5.3 0.74	1.25 0.39

Sandy Creek Phase II 2007 Chargeability IP (-85m)

2007 Sandy Creek Exploration

.Resource extension drilling .Eastern and western IP anomalies testing .Deep diamond drilling .Historic targets follow-up drilling .2007 Exploration budget ~ \$7M

MANBARRUM PROJECT

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Manbarrum Traditional Owners - Miriuwung/Gajerrong

• Manbarrum is Miriuwung word for Sandy K Greek
• Manbarrum country is significant to Miriuwung/Gajerrong Traditional Owners. Native Title granted late 2006.
• Early mine development at Manbarrum will be Ø determined by relationship with Traditional Commerce
• TNG has actively engaged Elders and
  community groups in broad consultation K process with established protocols for ongoing consultation
• TNG has initiated employment and certified 8 training programs for field hands/technicians; office and catering staff.
• TNG has initiated Social Impact studies by n Deacon University Group Social Compass to identify key areas for TNG input.
• TNG is supporting selected social programs particularly in areas of youth education and training and also health and wellbeing of aldars

MANBARRUM PROJECT

From left to right; Teddy Carlton-Miriuwung Elder, Manbarrum Traditional Owner, TNG Field Tech and Community Liason Officer; Eddie Fry-TNG Director, Native Title Consultant; Neil Biddle- TNG Managing Director

Site meeting with Traditional Owners and Jeff Stead (centre of picture) CEO of AAPA, NT Authority responsible for protection of Sacred and Significant Sites

MANEARRUM PROJECT

Sandy Creek site meeting; From Left Daniel Suggit-AAPA Anthropologist, NGB, Teddy Carlton, Laurie-Senior Elder-Loreman, Manbarrum TO, Miriuwung Gajerrong women from Kneebone Community, Patrick Bitting-Traditional Owner, TNG Field Tech and Community Liason Officer for Timber Creek NT

MANBARRUM PROJECT