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 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	Marcus Michael
Date of last notice	5 July 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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Riverfront Nominees Pty Ltd as trustee for theMCM Family A/C – Director and ShareholderMarcus and Kathryn Michael as trustee for theRiverfront Superannuation Fund – Trustee andMember
Date of change	22 December 2011
No. of securities held prior to change20,000 Ordinary fully paid shares4,310,290 Ordinary fully paid shares281,710 Ordinary Fully Paid Shares1,000,000UnlistedOptions(exercisable$0.178 on or before 28/02/2013)	Marcus MichaelRiverfront Nominees Pty Ltd <MCM Family A/C>Marcus and Kathryn Michael as trustee for theRiverfront Superannuation FundMarcus Michael
Class	Ordinary Fully Paid Shares
Number acquired100,000 Ordinary Fully paid shares	Riverfront Nominees Pty Ltd <MCM Family A/C>
Number disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$13,143
No. of securities held after change20,000 Ordinary fully paid shares4,410,290 Ordinary fully paid shares281,710 Ordinary Fully Paid Shares1,000,000UnlistedOptions(exercisable$0.178 on or before 28/02/2013)	Marcus MichaelRiverfront Nominees Pty Ltd <MCM Family A/C>Marcus and Kathryn Michael as trustee for theRiverfront Superannuation FundMarcus Michael
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market trade

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

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