RED MOUNTAIN MINING LIMITED — Director's Dealing 2015

Nov 22, 2015

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	9 September2015

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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	23November2015

+ See chapter 19 for defined terms.

No. of securities held prior to change	Direct3,000,000ClassAPerformanceRightsconvertibletoSharesonorbefore18November2016,subjecttovestingconditions (5 cent share price and 12 monthscontinued service from grant date);4,500,000ClassBPerformanceRightsconvertibletoSharesonorbefore18November2017,subjecttovestingconditions (10 cent share price and 24monthscontinued service from grant date);and 4,500,000 Class C Performance RightsconvertibletoSharesonorbefore18November2018,subjecttovestingconditions (15 cent share price and 36
	months continued service from grant date).Indirect15,000,000 Ordinary Shares1629,025 Listed Options exercisable at 1.2cents each on or before 31 March 20161629,025 Listed Options exercisable at 0.6cents each on or before 30 June 20161
	37,500Listed Options exercisable at 3.0cents on or before 30 June 2016112,600,000ClassDPerformanceRightsconvertibletoSharesonorbefore1December2017,subjecttovestingconditions1;12,600,000ClassEPerformanceRights
	convertibletoSharesonorbefore1December2017,subjecttovestingconditions1; and12,600,000ClassFPerformanceRightsconvertibletoSharesonorbefore1December2017,subjecttovestingconditions1
	1.Held by LJ and Dr AL Dugdale<dugdaleSuperannuationFundA/C>. MrDugdaleis a trustee andbeneficiary of the fund.</dugdale
Class	Class I Performance Rights convertible toShares on or before 1 December 2018,subject to vesting conditions.
Number acquired	12,600,000 Performance Rights
Number disposed	Nil.

+ See chapter 19 for defined terms.

Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	Direct3,000,000ClassAPerformanceRightsconvertibletoSharesonorbefore18November2016,subjecttovestingconditions (5 cent share price and 12 months
	continued service from grant date);4,500,000ClassBPerformanceRightsconvertibletoSharesonorbefore18November2017,subjecttovestingconditions (10 cent share price and 24months continued service from grant date);and4,500,000 Class C Performance RightsconvertibletoSharesonorbefore18November2018,subjecttovestingconditions (15 cent share price and 36months continued service from grant date).12,600,000ClassIPerformanceRightsconvertibletoSharesonorbefore1December2018,subjecttovestingconditions.
	Indirect15,000,000 Ordinary Shares1629,025 Listed Options exercisable at 1.2cents each on or before 31 March 20161629,025 Listed Options exercisable at 0.6cents each on or before 30 June 2016137,500Listed Options exercisable at 3.0cents on or before 30 June 2016112,600,000ClassDPerformanceRightsconvertibletoSharesonorbefore1December2017,subjecttovestingconditions1;12,600,000ClassEPerformanceRightsconvertibletoSharesonorbefore1December2017,subjecttovestingconditions1;12,600,000ClassFPerformanceRightsconvertibletoSharesonorbefore1December2017,subjecttovestingconditions1
	1.Held by LJ and Dr AL Dugdale<dugdaleSuperannuationFundA/C>. MrDugdaleis a trustee andbeneficiary of the fund.</dugdale

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issued as a long term incentive, as approvedby shareholders on 16 November 2015.

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
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 trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.