MAGONTEC LIMITED — Director's Dealing 2008

Sep 25, 2008

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	24 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	Direct Interest
Nature of indirect interest	John Stuart Hamer FITTON
(including registered holder)
Note: Provide details of the circumstances giving rise to
the relevant interest.
Date of change	22 September 2008
No. of securities held prior to change	125,355 held indirectly in the name of Fitton
	Family Super Account held by the
	JSHF Superannuation Fund and 1,460,234 held
	directly
Class	Ordinary fully paid shares
Number acquired	200,000 fully paid ordinary shares on 22 Sept
	2008
Number disposed	Nil
Value/Consideration	Average price of $0.061 per share.
Note: If consideration is non-cash, provide details and
estimated valuation
No. of securities held after change	125,355 Ordinary fully paid shares (indirect
	interest) and 1,660,234 Ordinary fully paid
	shares held directly
Nature of change	On market trade
Example: on-market trade, off-market trade, exercise of
options, issue of securities under dividend reinvestment
plan, participation in buy-back

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	24 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: Friday 26 September 2008