ALTECH BATTERIES LTD — Director's Dealing 2011

Jan 19, 2011

Appendix 3Y Change of Director’s Interest Notice

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 Australia Minerals & Mining Group Limited ABN 45 125 301 206

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	Ric Dawson
Date of last notice	20 January 2011

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

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Indirect Interest	Indirect Interest	Indirect Interest
	Nature of indirect interestildi itd hld			Classico Holdings Pty Ltd <Chelmsford A/c>of which Ric Dawson holds a relevantinterest
	(ncung regsNote: Provide details ointerest.	re oer)f the circumstances giving rise to the	relevant	of which Ricinterest	awson holds a relevant
	Date of change			20 January 2011
	No. of securities	held prior to change		Nil
	Class			Listed Options (A	KAO)
	Number acquire	d		1000000
				,,
	Number dispose	d		Nil
	Value/ConsideraNote: If consideration	tionis non-cash, provide details and	estimated	$20,000
	valuation
	No. of securities	held after change		1,000,000 Listed o	ptions (AKAO)
	Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back			Off Market Transfer

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Pursuant to an Employment Agreement, Mr Dawsonwill receive payments of $220,000 per annum(exclusive of superannuation). In addition, uponachievements of specified milestones, AMMG willgrant to Mr Dawson:•2 million Class A Performance Rights•3 million Class B Performance Rights•3 million Class C Performance RightsSubject to shareholder and other regulatory approvals.
Nature of interest
Name of registered holder(if issued securities)
Date of change	N/a
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

Part 3 –[+] Closed Period

Were the interest in the securitiesorcontractsdetailedabovetrading during a+closed periodwhere prior written clearancewas required?	No
If so, was prior written clearanceprovided to allow the trade toproceed during this period?
If prior written clearance wasprovided, on what date was thisprovided?

Date of Notice: 20 January 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002