ARGENT MINERALS LIMITED — Director's Dealing 2011

Mar 20, 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 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	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.

Notinter	Notinter	: In the cest of a	ase of a company, interestsdirector” should be disclosed	which come within parin this part.	which come within parin this part.	agraph (i) of the definition of notifiable	agraph (i) of the definition of notifiable
	Di	rect or i	ndirect interest		Di	rect and Indirect
	Na	ture ofcludingte: Proe to the	indirect interest		Ri	verfront Nominees Pty Ltd – Mr Mich	ael is a
	(inNoris		registered holder)vide details of the circumrelevant interest.	stances giving	Di	rector and controlling Shareholder
	Da	te of ch	ange		17	March 2011
	No	. of sec	urities held prior to cha	nge
	102,102,1	,000 Or625,000,000 Lis000,000000,000	dinary fully paid sharesOrdinary fully paid sharted Options (ORDO)Listed Options (ORDO)Unlisted Otions	ORD)es (ORD)	MRiMRiM	arcus Michaelverfront Nominees Pty Ltdarcus Michaelverfront Nominees Pty Ltdarcus Michael
	,		p
	Cl	ass			Or	dinary shares
	Nu	mber a	cquired		36	7,000
	Nu	mber d	isposed		N/	A

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation
		66,751.28
No. of securities held after change377,000 Ordinary fully paid shares (ORD)2,625,000 Ordinary fully paid shares (ORD)10,000 Listed Options (ORDO)2,000,000 Listed Options (ORDO)1,000,000 Unlisted Options		Marcus MichaelRiverfront Nominees Pty Ltd
	O)	Marcus MichaRiverfront NomMarcus Micha	el
	RDO)		inees Pty Ltdel
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, 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	Detail of contract	N/A	N/A	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which theinterest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation
Interest after change

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 2