TIVAN LIMITED — Proxy Solicitation & Information Statement 2005

Apr 20, 2005

TENNANT CREEK GOLD LIMITED

ACN 000 817 023

PROXY FORM

Tennant Creek Gold Limited
By delivery:	By post:	By facsimile:
Level 3 . 30 Richardson Street WEST PERTH WA 6005	PO Box 1176 WEST PERTH WA 6872	+618 9327 0901
//We
of ______
being a Shareholder/Shareholders of the Company and entitled to _____
votes in the Company, hereby appoint 2______

or failing such appointment the chairman of the General Meeting as my/our proxy to vote for me/us on my/our behalf at the General Meeting of the Company to be held at The Celtic Club, 48 Ord Street, West Perth, Western Australia on 20 May 2005 (WST) at 9.30am and at any adjournment thereof in the manner indicated below or, in the absence of indication, as he thinks fit. If 2 proxies are appointed, the proportion or number of votes of this proxy is authorised to exercise is * [ ]% of the Shareholder's votes*/ [ I of the Shareholder's votes. (An additional Proxy Form will be supplied by the Company, on request).

INSTRUCTIONS AS TO VOTING ON THE RESOLUTION

IMPORTANT: FOR ALL RESOLUTIONS

The Company Secretary

If the chairman of the General Meeting is to be your proxy and you have not directed your proxy how to vote on all Resolutions below, please tick this box. By marking this box you acknowledge that the chairman of the General Meeting may exercise your proxy even if he has an interest in the outcome of the Resolutions below and that votes cast by him, other than as proxy holder, would be disregarded because of that interest. If you do not mark this box, and you have not directed your proxy how to vote, the chairman of the General Meeting will not cast your votes on the Resolutions below and your votes will not be counted in computing the required majority if a poll is called on the Resolutions below.

The chairman of the General Meeting intends to vote undirected proxies in favour of all Resolutions below.

The proxy is to vote for or against the Resolution referred to in the Notice as follows:

		For	Against Abstain
Resolution 1	Approval of RAB Placement
Resolution 2	Approval of Placement Facility
Resolution 3	Approval of Sale of Sunsphere Shares
Resolution 4	Approval of Grant of Options to Mr John W Barr
Resolution 5	Approval of Grant of Options to Mr Michael Bowen
Resolution 6	Approval of Grant of Options to Mr Terence Smith
Resolution 7	Approval of Grant of Options to Mr Christopher Bath
Resolution 8	Approval of Grant of Options to Mr Pedro Kastellorizos
Resolution 9	Section 195 Approval

Authorised signature/s This section must be signed in accordance with the instructions overleaf to enable your voting instructions to be implemented.

Shareholder 3

Individual or Shareholder 1

Shareholder 2

Sole Director and Sole Company Secretary	Director	Director/Company Secretary
Contact Name	Contact Daytime Telephone	Date
Insert name and address of shareholder	2 Insert name and address of proxy	*Omit if not applicable

Proxy Notes:

A Shareholder entitled to attend and vote at the General Meeting may appoint a person or a corporation as the Shareholder's proxy to attend and vote for the Shareholder at that General Meeting. If the Shareholder is entitled to cast 2 or more votes at the General Meeting the Shareholder may appoint not more than 2 proxies. Where the Shareholder appoints more than one proxy the Shareholder may specify the proportion or number of votes each proxy is appointed to exercise. If such proportion or number of votes is not specified each proxy may exercise half of the Shareholder's votes. A proxy may, but need not be, a Shareholder of the Company.

If a Shareholder appoints a corporation as the Shareholder's proxy to attend and vote for the Shareholder at the General Meeting, the representative of the corporation to attend the General Meeting must produce the appropriate Certificate of Appointment of Representation prior to admission. A form of the certificate may be obtained from the Company's share registry.

You must sign this form as follows in the spaces provided:

Joint Holding: where the holding is in more than one name all of the holders must sign.

• Power of Attorney: if signed under a Power of Attorney, you must have already lodged it with the registry, or alternatively, attach a certified photocopy of the Power of Attorney to this Proxy Form when you return it.
• a Director can sign jointly with another Director or a Company Secretary. A sole Director who is also Companies: a sole Company Secretary can also sign. Please indicate the office held by signing in the appropriate space.

If a representative of the corporation is to attend the General Meeting the appropriate "Certificate of Appointment of Representative" should be produced prior to admission. A form of the certificate may be obtained from the Company's Share Registry.

Proxy Forms (and the power of attorney or other authority, if any, under which the Proxy Form is signed) or a copy or facsimile which appears on its face to be an authentic copy of the Proxy Form (and the power of attorney or other authority) must be deposited at or received by facsimile transmission at the Perth office of the Company (Level 3, 30 Richardson Street, West Perth, or by post to PO Box 1176, West Perth WA 6872, or Facsimile +618 9327 0901 not less than 48 hours prior to the time of commencement of the General Meeting (WST).