MAGONTEC LIMITED — Director's Dealing 2009

Sep 14, 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	Zhong Jun Li
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	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise tothe relevant interest.	KWE (HK) Investment Development CoLimited
Date of change	15 September 2009
No. of securities held prior to change	20,830,200 Ordinary fully paid shares held viaindirect interest.
Class	Ordinary fully paid shares
Number acquired	34,967,098 fully paid ordinary shares acquiredvia indirect interest pursuant to underwriting of 1for 1 rights issue.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$1,398,683.92 ($0.04 per share)
No. of securities held after change	55,797,298 Ordinary fully paid shares held viaindirect interest.
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	New shares acquired under an underwriting ofthe Company’s 1 for 1 non renounceable rightsissue.

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Name of Director	Zhong Jun Li
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 towhich interest related prior tochangeNote: Details are only required for a contractin relation to which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation	-
Interest after change	-

DATE: Wednesday 16 September 2009