TIVAN LIMITED — Share Issue/Capital Change 2006

Apr 27, 2006

AMENDED APPENDIX 3B

28 April 2006

Please find attached an amended Appendix 3B replacing the Appendix 3B released on 24 April 2006. The total unlisted options being converted to listed options should have read 9,950,000.

Yours faithfully TENNANT CREEK GOLD LTD

DAMIAN DELANEY Company Secretary

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

TENNANT CREEK GOLD LIMITED

ABN

12 000 817 023

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

⁺Class of ⁺securities issued or to be $\mathbf{1}$ Options issued

$\overline{2}$ Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued

9,950,000

3 Principal terms of the "securities Options - exercise price \$0.15, expiring 31 May (eg, if options, exercise price and 2007 date; if partly expiry paid *securities, the amount outstanding and due dates for payment; if *convertible securities, the conversion price and dates for conversion)

⁺ See chapter 19 for defined terms.

4	Do the "securities rank equally in all respects from the date of allotment with an existing "class of quoted *securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of $a -$ trust. distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend. distribution or interest payment	Yes
5.	Issue price or consideration	\$0.15 per options
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Conversion of unlisted options to listed options
7	Dates of entering "securities into uncertificated holdings or despatch of certificates	12 April 2006
8	class of Number and all ASX. securities quoted on (including the securities in clause 2 if applicable)	Number 100,128,270 60,014,135		* Class	Ordinary shares Options - exercise price \$0.15, expiring 31 May 2007 (TNGO)
		Number			+ Class
9	of Number and + class all
	*securities not quoted on ASX (including the securities in clause 2 if applicable)	2,000,000 7,000,000	Options Options		Exercise price \$0.15, expiring 31 May 2007 Exercise price \$0.12, expiring 30 April 2007
10.	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

$+$ See chapter 19 for defined terms.

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

Part 2 - Bonus issue or pro rata issue

$\mathbf{H}$	security holder approval ls required?
$12^{\circ}$	Is the issue renounceable or non- renounceable?
13	Ratio in which the "securities will be offered
14	Class of securities to which the offer relates
15	$+$ Record determine date to entitlements
16	Will holdings on different registers calculating aggregated for be entitlements?
17.	Policy for deciding entitlements in relation to fractions
18	Names of countries in which the entity has "security holders who will not be sent new issue documents
	Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: risfe 7.7.
19.	Closing date for receipt of acceptances or renunciations
20.	Names of any underwriters
21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue

$+$ See chapter 19 for defined terms.

• 25 If the issue is contingent on "security holders' approval, the date of the meeting
• 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
• 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
• 28 Date rights trading will begin (if applicable)
• 29 Date rights trading will end (if applicable)
• 30 How do "security holders sell their entitlements in full through a broker?
• 31 How do *security holders sell part of their entitlements through a broker and accept for the balance?
• 32 How do "security holders dispose of their entitlements (except by sale through a broker)?

Part 3 - Quotation of securities

Securities described in Part 1

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities (tick one)
• $(a)$

Appendix 3B Page 5

$(b)$ All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35

If the "securities are "equity securities, the names of the 20 largest holders of the additional *securities, and the number and percentage of additional *securities held by those holders

If the *securities are *equity securities, a distribution schedule of the additional 36 *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ $10,001 - 100,000$ 100,001 and over

37

A copy of any trust deed for the additional "securities

Entities that have ticked box 34(b)

• 38 Number of securities for which *quotation is sought
• 39 Class of "securities for which quotation is sought

⁺ See chapter 19 for defined terms.

40 Do the *securities rank equally in all respects from the date of allotment with an existing "class of quoted *securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend. (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

42 Number and ⁺class of all ⁺securities quoted on ASX (including the securities in clause 38)

Number	* Class

Quotation agreement

• $\mathbf{I}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the "securities to be quoted complies with the law and is not for ×. an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

⁺ See chapter 19 for defined terms.

• Section 724 or section 1016E of the Corporations Act does not apply to any $\bullet$ applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• We warrant that if confirmation is required under section 1017F of the $\bullet$ Corporations Act in relation to the *securities to be quoted, it has been provided at the time that we request that the "securities be quoted.
• If we are a trust, we warrant that no person has the right to return the $\bullet$ *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the "securities be quoted.
• $\overline{3}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before "quotation of the "securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

DAMIAN DELANEY

Date: 28 April 2006

Sign here:

Company Secretary

Print name:

-

⁺ See chapter 19 for defined terms.