MAGONTEC LIMITED — Board/Management Information 2011

Mar 3, 2011

Office 10 Level 8 139 Macquarie St Sydney NSW 2000 Australia Ph: 61 2 8231 7085 Fax: 61 2 9252 8960

The Manager Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

4 March 2011

Advanced Magnesium Limited - ASX Announcement

Board Appointment

The Board is pleased to announce the appointment of Mr Robert Shaw as a NonExecutive Director to the Board from 4 March 2011.

Mr Shaw has extensive experience in business management in both an Executive and Non-Executive capacity. He has specialist skills in finance and financial analysis, audit committees and corporate governance. He is current NonExecutive Director of Credit Corp (CCL) where he is a member of the FAC Committee. In the past Mr Shaw has held been an Executive Director of the CityPrint Group of Companies and a Non-Executive Director of the Rugby Club Limited. Other former Board roles include Insearch Limited and the Kwik Kopy Owners Association Limited. Mr Shaw holds Bachelor of Industrial Engineering, Master of Business Administration and Master of Professional Accounting degrees.

For further information please contact

Nicholas Andrews Executive Chairman Ph 02 8231 7085

John Talbot Chief Financial Officer Ph 02 8231 7085

Advanced Magnesium Limited

L8, 139 Macquarie Street Sydney NSW 2000 AUSTRALIA