ARGENT MINERALS LIMITED — Director's Dealing 2011

Jun 27, 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	16 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 and Indirect
Nature of indirect interest		Riverfront Nominees Pty Ltd as trustee for the
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant		MCM Family A/C – Director and Shareholder
interest.
		Marcus and Kathryn Michael as trustee for the
		Riverfront Superannuation Fund – Trustee and
		Member
Date of change		24 June 2011
No. of securities held prior to change
20,000 Ordinary fully paid shares (ARD)		Marcus Michael
3,332,978 Ordinary fully paid shares (ARD)		Riverfront Nominees Pty Ltd <MCM Family A/C>
1,259,022 Listed Options (ARDO)		Riverfront Nominees Pty Ltd <MCM Family A/C
1,000,000UnlistedOptions	(exercisable	Marcus Michael
$0.178 on or before 28/02/2013)
Class		Ordinary Fully Paid Shares (ARD)
Number acquired
281,710 Ordinary Fully Paid Shares (ARD)		Marcus and Kathryn Michael as trustee for the
		Riverfront Superannuation Fund

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed 281,710 Ordinary Fully Paid Shares (ARD) Riverfront Nominees Pty Ltd <MCM Family A/C>

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation Consideration Received $80,287.35 Consideration Paid $80,287.35 No. of securities held after change 20,000 Ordinary fully paid shares (ARD) Marcus Michael 3,051,268 Ordinary fully paid shares (ARD) Riverfront Nominees Pty Ltd <MCM Family A/C> 281,710 Ordinary Fully Paid Shares (ARD) Marcus and Kathryn Michael as trustee for the Riverfront Superannuation Fund 1,259,022 Listed Options (ARDO) Riverfront Nominees Pty Ltd <MCM Family A/C 1,000,000 Unlisted Options (exercisable Marcus Michael $0.178 on or before 28/02/2013)

Nature of change Off-Market Transfer 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.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation 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