ARGENT MINERALS LIMITED — Director's Dealing 2011

Jul 4, 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	Kerry McHugh
Date of last notice	1 March 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.	Collingridge Investments Pty Ltd.Collingridge is the trustee for the McHughSuper Fund.Barkly Adams Pty Ltd.Kerry McHugh is a Director and Shareholderof both Companies.
Date of change	30 June 2011
No. of securities held prior to change10,000 Ordinary fully paid shares10,000 Ordinary fully paid shares1,079,972 Ordinary fully paid shares10,000 Listed options (ARDO)10,000 Listed options (ARDO)1,000,000 Unlisted Options (exercisable $0.0178on or before 28/02/2013)	Kerry McHughBarkly Adams Pty LtdCollingridge Investments Pty LtdKerry McHughBarkly Adams Pty LtdKerry McHugh
Class	Ordinary Fully Paid Shares (ARD)Listed Options(ARDO)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquiredKerry McHughBarkly Adams Pty Ltd	10,000 Ordinary Fully Paid Shares (ARD)10,000 Ordinary Fully Paid Shares (ARD)
Number disposedKerry McHughBarkly Adams Pty Ltd	10,000 Listed Options (ARDO)10,000 Listed Options (ARDO)
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$3,560
No. of securities held after change20,000 Ordinary fully paid shares20,000 Ordinary fully paid shares1,079,972 Ordinary fully paid shares1,000,000 Unlisted Options (exercisable $0.178on or before 28/02/2013)	Kerry McHughBarkly Adams Pty LtdCollingridge Investments Pty LtdKerry McHugh
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of Options

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
Name of registered holder(if issued securities)
Date of change
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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change

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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Appendix 3Y Page 3