RED MOUNTAIN MINING LIMITED — Director's Dealing 2012

Sep 4, 2012

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	Neil Fredrick Warburton
Date of last notice	27 July 2012

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 Michlange Pty Ltdas trustee for the Warburtonself-managedsuperannuation fund.Mr Warburton is a Director and shareholderof Michlange Pty Ltd and a beneficiary ofthe fund.
Date of change	5 September 2012

+ See chapter 19 for defined terms.

No. of securities held prior to change	Direct125,000 Ordinary Shares75,000 Options exercisable at $0.20 expiring
	on 30 June 2014424,250Optionsexercisableat$0.25expiring on 31 July 2014
	424,250Optionsexercisableat$0.35expiring on 31 July 2016
	Indirect4,565,625 Ordinary Shares1Ordinary Shares3297,5001,500,000 Ordinary Shares4
	3,399,375Optionsexercisableat$0.20expiring on 30 June 20141625,000 Ordinary Shares2
	375,000Optionsexercisableat$0.20expiring on 30 June 20142772,722Optionsexercisableat$0.25
	4expiring on 31 July 2014772,722Optionsexercisableat$0.35expiring on 31 July 20164
	1.Held by Michlange Pty Ltd of whichMr Warburton is a director andshareholder.2.Held by Australian Beijing HoldingsPty Ltd of which Mr Warburton is adirector and shareholder.3.Held by Michlange Pty Ltd<nfWarburtonFamilyA/C>.MrWarburtonisadirectorandshareholder and beneficiary of thetrust.4.HeldbyMichlangePtyLtd<warburtonSuperA/C>.MrWarburtonisadirectorandshareholder and beneficiary of thetrust.</warburton</nf
Class	Unlisted Options
Number acquired	2,000,000 Unlisted Options exercisable at 25cents each on or before 1 July 2014.
	2,000,000 Unlisted Options exercisable at 50cents on or before 1 July 2016.

+ See chapter 19 for defined terms.

Number disposed	0
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil.
No. of securities held after change	Direct125,000 Ordinary Shares75,000 Options exercisable at $0.20 expiringon 30 June 2014424,250Optionsexercisableat$0.25expiring on 31 July 2014424,250Optionsexercisableat$0.35expiring on 31 July 2016Indirect4,565,625 Ordinary Shares1Ordinary Shares3297,5001,500,000 Ordinary Shares43,399,375Optionsexercisableat$0.20expiring on 30 June 20141625,000 Ordinary Shares2
	375,000Optionsexercisableat$0.20expiring on 30 June 20142772,722Optionsexercisableat$0.253expiring on 31 July 2014772,722Optionsexercisableat$0.35expiring on 31 July 201632,000,000Optionsexercisableat$0.254.expiring on1 July 20142,000,000Optionsexercisableat$0.504expiring on1 July 2016
	1.Held by Michlange Pty Ltd of whichMr Warburton is a director andshareholder.2.Held by Australian Beijing HoldingsPty Ltd of which Mr Warburton is adirector and shareholder.3.Held by Michlange Pty Ltd<nfWarburtonFamilyA/C>.MrWarburtonisadirectorandshareholder and beneficiary of thetrust.4.HeldbyMichlangePtyLtd<warburtonSuperA/C>.MrWarburtonisadirectorandshareholder and beneficiary of thetrust.</warburton</nf

+ 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	Issue of Related PartyOptions pursuant toShareholderResolutionon4September2012.

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

+ See chapter 19 for defined terms.