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CAZALY RESOURCES LIMITED Capital/Financing Update 2011

Mar 7, 2011

64609_rns_2011-03-07_68eed3c6-373d-4ef5-a2e0-c70449b274bf.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

8[th] March 2011

CAZALY RESOURCES LIMITED

SUCCESSFUL COMPLETION OF OPTION EXERCISE

The Directors of Cazaly Resources Limited (“the Company”) are pleased to announce the completion of the exercise of the Company’s 28 February 2011 Options.

The Company advises that a total of 12,793,450 Options were exercised raising $2,558,690 and 197,873 Options lapsed unexercised on 28 February 2011.

For further information please contact:

Lisa Wynne Company Secretary Cazaly Resources Limited Tel: +618 9322 6283 Em: [email protected]

Website: www.cazalyresources.com.au

Level 2, 38 Richardson Street, West Perth, Western Australia, 6005. PO Box 396, West Perth, Western Australia, 6872 Phone: +61 8 9322 6283 Fax: +61 8 9322 6398 email: [email protected] ACN 101 049334 www.cazalyresources.com.au