RED MOUNTAIN MINING LIMITED — Director's Dealing 2011

Sep 19, 2011

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 30/09/01 Amended 01/01/11

Name of entity: Red Mountain Mining Ltd
ABN: 40 119 658 106

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	Neil Fredrick Warburton
Date of last notice	1 September 2011

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

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Director and ShareholderMichlangePtyLtd<nfWarburtonSuperannuation Fund></nf
Date of change	19 September 2011
No. of securities held prior to change	IndirectMichlange Pty Ltd5,665,625 Ordinary shares3,399,375 20 cent options expiry 30/06/14Australian Beijing Holdings Pty Ltd625,000 Ordinary Shares375,000 20 cent options expiry 30/06/14Direct125,000 Ordinary shares75,000 20 cent options expiry 30/06/14424,250 25 cent options expiry 31/07/14424,250 35 cent options expiry 31/07/16
Class	Ordinary shares
Number acquired	250,000

+ See chapter 19 for defined terms.

Number disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$0.205 per share
No. of securities held after change	IndirectMichlange Pty Ltd5,915,625 Ordinary shares3,399,375 20 cent options expiry 30/06/14Australian Beijing Holdings Pty Ltd625,000 Ordinary Shares375,000 20 cent options expiry 30/06/14Direct125,000 Ordinary shares75,000 20 cent options expiry 30/06/14424,250 25 cent options expiry 31/07/14424,250 35 cent options expiry 31/07/16
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	On Market purchase

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

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 changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation

+ See chapter 19 for defined terms.

Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

Date of Notice: 20 September 2011

+ See chapter 19 for defined terms.