MAGONTEC LIMITED — Director's Dealing 2010

Sep 14, 2010

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	Michael Brown
Date of last notice	30 July 2010

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.
Date of change	15 September 2010
No. of securities held prior to change	1,454,222 – 555,556 held indirectly in name ofBloomington Pty Ltd as trustee for The MichelBrown Superannuation Fund and 898,666 helddirectly.
Class	Ordinary fully paid shares
Number acquired
Number disposed	330,000
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$15,642.00 ($0.0474 per share)
No. of securities held after change	1,124,222 – 555,556 held indirectly in name ofBloomington Pty Ltd as trustee for The MichelBrown Superannuation Fund and 568,666 helddirectly.
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	On market trade

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Name of Director	Michael Brown
Date of last notice	30 July 2010
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 15 September 2010