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	Nicholas William Andrews
Date of last notice	28 November 2008

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.	Nicholas William Andrews
Date of change	11 September 2009
No. of securities held prior to change	1,500,000 Fully Paid Ordinary Shares held indirectly
Class	Ordinary fully paid shares
Number acquired	1,100,000 fully paid ordinary shares allotted on 11 September 2009 under 1 for 1 rights issue
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$44,000 ($0.04 per share).
No. of securities held after change	2,600,000 Fully Paid Ordinary Shares – 1,500,000 held indirectly and 1,100,000 held directly.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	New shares issued under company’s 1 for 1 non renounceable rights issue.

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Name of Director	Nicholas William Andrews
Date of last notice	28 November 2008

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: Monday 14 September 2009