MAGONTEC LIMITED — Director's Dealing 2007

Oct 2, 2007

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3 October 2007

Company Announcements Office Australian Stock Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Sirs,

RE: Appendix 3Y

Please find attached change in Director’s interest:

• Appendix 3Y – Stuart Fitton.

Yours sincerely,

P.K. Nair

COMPANY SECRETARY

Advanced Magnesium Limited Level 9, 303 Coronation Drive, Milton · PO Box 1364, Milton BC, QLD 4064, Australia Phone: +61 (0) 7 3510 4400 · Fax: +61 (0) 7 3510 4525 Email: corporate@am-technologies.com.au · Web: www.am-technologies.com.au · ABN: 51 010 441 666

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	ADVANCED MAGNESIUM LIMITED
ABN	51 010 441 666

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	John Stuart Hamer FITTON
Date of last notice	2 October 2007

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

Direct or indirect interest	Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Fitton Family Super Account held by the JSHF Superannuation Fund
Date of change	2 October 2007
No. of securities held prior to change	125,355 fully paid ordinary shares held by the JSHF Superannuation Fund
Class	Ordinary fully paid shares
Number acquired	74,645 fully paid ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Average price of $0.14 per share.
No. of securities held after change	200,000 Ordinary fully paid shares (indirect interest)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Name of Director	John Stuart Hamer FITTON
Date of last notice	2 October 2007
Detail of contract	-
Nature of interest	-
Name of registered holder (if issued securities)	-
Date of change	-
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

DATE: Wednesday, 03 October 2007