MAGONTEC LIMITED — Director's Dealing 2009

Sep 13, 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	14 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 tothe relevant interest.	John Stuart Hamer Fitton
Date of change	14 September 2009
No. of securities held prior to change	9,388,878 Ordinary fully paid shares - 429,700held via indirect interest (Fitton Family SuperAccount held by the JSHF SuperannuationFund) and 8,959,178 via direct interest.
Class	Ordinary fully paid shares
Number acquired
Number disposed	1,250,000
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$50,000 ($0.04 per share)
No. of securities held after change	8,138,878 Ordinary fully paid shares - 429,700held via indirect interest (Fitton Family SuperAccount held by the JSHF SuperannuationFund) and 7,709,178 via direct interest.
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Off 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	14 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: Tuesday 15 September 2009