RED MOUNTAIN MINING LIMITED — Director's Dealing 2014

Aug 26, 2014

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.

Name of Director	Lawrence Jonathon Dugdale
Date of last notice	12 August2014

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<dugdaleSuperannuationFundA/C></dugdale
	Mr Dugdaleis a trustee and beneficiary ofthe fund.
Date of change	25 & 26August2014

+ See chapter 19 for defined terms.

No. of securities held prior to change	Direct
	3,000,000ClassAPerformanceRights
	convertibletoSharesonorbefore18
	November2016,subjecttovesting
	conditions (5 cent share price and 12 months
	continued service from grant date);
	4,500,000ClassBPerformanceRights
	convertibletoSharesonorbefore18
	November2017,subjecttovesting
	conditions (10 cent share price and 24
	months continued service from grant date)
	4,500,000ClassCPerformanceRights
	convertibletoSharesonorbefore18
	November2018,subjecttovesting
	conditions (15 cent share price and 36
	months continued service from grant date).
	Indirect
	3,532,200 Ordinary Shares1
	37,500Listed Options exercisable at 3.0
	cents on or before 30 June 20161
	Held by LJ and Dr AL Dugdale
	<dugdaleSuperannuationFund</dugdale
	A/C>. MrDugdaleis a trustee and
	beneficiary of the fund.
Class	Fully Paid Ordinary Shares
Number acquired	500,000
Number disposed
	Nil.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated	$5,133.05(average $0.01026per share)
valuation

+ See chapter 19 for defined terms.

No. of securities held after change	Direct
	3,000,000ClassAPerformanceRights
	convertibletoSharesonorbefore18
	November2016,subjecttovesting
	conditions (5 cent share price and 12 months
	continued service from grant date);
	4,500,000ClassBPerformanceRights
	convertibletoSharesonorbefore18
	November2017,subjecttovesting
	conditions (10 cent share price and 24
	months continued service from grant date)
	4,500,000ClassCPerformanceRights
	convertibletoSharesonorbefore18
	November2018,subjecttovesting
	conditions (15 cent share price and 36
	months continued service from grant date).
	Indirect
	4,032,200 Ordinary Shares1
	37,500Listed Options exercisable at 3.0
	cents on or before 30 June 20161
	1.Held by LJ and Dr AL Dugdale
	<dugdaleSuperannuationFund</dugdale
	A/C>. MrDugdaleis 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 inbuy-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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed

+ See chapter 19 for defined terms.

Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
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.