ARGENT MINERALS LIMITED — Director's Dealing 2011

Dec 21, 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 30/09/01 Amended 01/01/11

Name of entity Argent Minerals Limited

ABN 89 124 780 276

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	Stephen Geoffrey Gemell
Date of last notice	22 June 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Davalik Pty Ltd is the trustee for the GemellFamily Superfund A/C.Stephen Gemell is a Director and Shareholder
Date of change	22 December 2011
No. of securities held prior to change400,000 Fully Paid Ordinary Shares	Davalik Pty Ltd <Gemell Family Superfund A/C>
Class	Fully Paid Ordinary Shares
Number acquired	100,000
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$13,000
No. of securities held after change500,000 Fully Paid Ordinary Shares	Davalik Pty Ltd <Gemell Family Superfund A/C>

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change

On market trade

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

Deta	il of contract	N/A	N/A	N/A	N/A
Nature of interest	re of interest	N/A
Name of registered holder(if issued securities)		N/A
	ued securities)
Date of change	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		N/A
Inter	est acquired	N/A
Inter	est disposed	N/A
ValuNote: Ifan estim	e/Consideration	N/A
	consideration is non-cash, provide details andated valuation
Inter	est after change	N/A
	–+Closed eriod
	p
Werabovclear
	the interests in the securities or contracts dee traded during a+closed period where prior w			ailedritten	No
	ance was required?
If sotrade	, was prior written clearance provided to allowto proceed during this period?			the	N/A
If prithis p	or written clearance was provided, on what daterovided?			was	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011