RED MOUNTAIN MINING LIMITED — Director's Dealing 2014

Nov 5, 2014

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 30/09/01 Amended 01/01/11

Name of entity Red Mountain Mining Ltd

ABN 40 119 568 106

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Lawrence Jonathon Dugdale
Date of last notice	27 August 2014

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.	The securities are held by Mr LJ and Dr ALDugdale <Dugdale Superannuation FundA/C>Mr Dugdale is a trustee and beneficiary ofthe fund.
Date of change	3-6 November 2014

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct3,000,000 Class A Performance Rightsconvertible to Shares on or before 18November2016,subjecttovestingconditions (5 cent share price and 12 monthscontinued service from grant date);4,500,000 Class B Performance Rightsconvertible to Shares on or before 18November2017,subjecttovestingconditions (10 cent share price and 24months continued service from grant date)4,500,000 Class C Performance Rightsconvertible to Shares on or before 18November2018,subjecttovestingconditions (15 cent share price and 36months continued service from grant date).Indirect4,032,200 Ordinary Shares137,500 Listed Options exercisable at 3.0cents on or before 30 June 20161Held by LJ and Dr AL Dugdale<DugdaleSuperannuationFundA/C>. Mr Dugdale is a trustee andbeneficiaryof the fund.
Class	Fully Paid Ordinary Shares
Number acquired	1,000,000
Number disposed	Nil.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$5,750 (average $0.00575 per share)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct
	3,000,000 Class A Performance	Rights
	convertible to Shares on or before 18
	November2016,subjectto	vesting
	conditions (5 cent share price and 12 months
	continued service from grant date);
	4,500,000 Class B Performance	Rights
	convertible to Shares on or before 18
	November2017,subjectto	vesting
	conditions (10 cent share price	and 24
	months continued service from grant date)
	4,500,000 Class C Performance	Rights
	convertible to Shares on or before 18
	November2018,subjectto	vesting
	conditions (15 cent share price	and 36
	months continued service from grant date).
	Indirect
	5,032,200 Ordinary Shares1
	37,500 Listed Options exercisable	at 3.0
	cents on or before 30 June 20161
	1. Held by LJ and Dr AL Dugdale
	<DugdaleSuperannuation	Fund
	A/C>. Mr Dugdale is a trustee and
	beneficiary of the fund.
Nature of change	On market purchase.
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation in
buy-back

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	N/A	N/A
	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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011