MAGONTEC LIMITED — Director's Dealing 2009

Sep 16, 2009

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	15 September 2009

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	John Stuart Hamer Fitton
Date of change	17 September 2009
No. of securities held prior to change	8,138,878 Ordinary fully paid shares – 429,700 held via indirect interest (Fitton Family Super Account held by the JSHF Superannuation Fund) and 7,709,178 via direct interest.
Class	Unlisted options issued under Employee Share Option Plan and approved at 2009 AGM. Exercisable at $0.10 at any time to and including 31 August 2009
Number acquired	Options to acquire 1,000,000 ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	8,138,878 Ordinary fully paid shares – 429,700 held via indirect interest (Fitton Family Super Account held by the JSHF Superannuation Fund) and 7,709,178 via direct interest. 1,000,000 options to acquire ordinary shares exercisable at $0.10 at any time to and including 31 August 2009 via direct 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	Grant of options to acquire ordinary shares.

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	15 September 2009

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: Thursday 17 September 2009