CAZALY RESOURCES LIMITED — Capital/Financing Update 2018

Apr 23, 2018

ASX ANNOUNCEMENT

CAZALY RESOURCES LIMITED

$1.5M RAISING VIA PLACEMENT

The Board of Cazaly Resources Limited (“Cazaly” or “the Company”)(ASX: CAZ) is pleased to announce the completion of a placement to professional and sophisticated investors to raise gross proceeds of approximately $1,540,000. The issue price of the fully paid ordinary shares will be $0.054 per share.

A total of 28.5m shares will be issued under the placement from the Company’s available issuing capacity under ASX Listing Rules 7.1 (12.7m) and 7.1A (15.8m).

Funds raised will be used to explore and develop existing projects, particularly the recently acquired Kaoko Kobalt project in Namibia.

ENDS

For further information please contact: Nathan McMahon / Clive Jones Joint Managing Directors Cazaly Resources Limited Tel: +618 9322 6283 E: admin@cazalyresources.com.au

==> picture [162 x 82] intentionally omitted <==

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: admin@cazalyresources.com.au ACN 101 049334 www.cazalyresources.com.au