The board of Tanami Gold NL announced that it has reached agreement with AP Finance Limited for an increase in the company's loan facilities of up to AUD 10 million as it continues its exploration programs at the Coyote Gold Project and at the Central Tanami Project and progresses with the Central Tanami Project Definitive Feasibility Study which is scheduled for completion in April 2013.

The board also announced that Mr. Denis Waddell and Mr. Alan Senior have resigned as Directors of the company effective on 15 November 2012 . The Board will commence a search for suitably qualified independent Non-Executive Directors immediately. The board will undertake a comprehensive recruitment process to locate a Managing Director/Chief Executive Officer of the company. In the interim, the company will be managed by its senior executive team, headed by the company's General Manager, Mr. Andrew Czerw, with support from the board.