MAGONTEC LIMITED — Director's Dealing 2007

Jul 12, 2007

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13 July 2007

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

Dear Sirs,

RE: Appendices 3Z

Please find attached the Final Director’s interest notice for Ian Hartnell

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 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Mr ID Hartnell
Date of last notice	13 October 2005
Date that director ceased to be director	9 July 2007

Part 1 – Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

Ordinary Shares: 9,100 Options over ordinary shares: 656,000 at an exercise price of $0.31.

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest n/a	Number & class of securities nil

Part 3 – Director’s interests in contracts

Detail of contract	n/a
Nature of interest	n/a
Name of registered holder (if issued securities)	n/a
No. and class of securities to which interest relates	n/a

Date: Friday, 13 July 2007

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002