CAZALY RESOURCES LIMITED — Director's Dealing 2006

Dec 10, 2006

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 30/9/2001.

	Name of entity Cazaly Resources Limited
ABN	23 101 049 334

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	Clive Bruce Jones
Date of last notice	9 February 2006

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 relevant interest.	Indirect: Shares owned by Widerange Corporation Pty Ltd, a company in which Mr Jones has a relevant interest.
Date of change	11 December 2006
No. of securities held prior to change	Direct: 4,090,000 Fully Paid Ordinary Shares 1,000,000 \$0.3502 cent Options exercisable on or before 31/08/07 Indirect: 50,000 Fully Paid Ordinary Shares 1,000,000 \$0.50 cent Options exercisable on or before 31 August 2008
Class	\$2.00 Options exercisable on or before 30 November 2009
Number acquired	Indirect: 1,000,000

⁺ See chapter 19 for defined terms.

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Direct: nil
No. of securities held after change	Direct: 4,090,000 Fully Paid Ordinary Shares
	1,000,000 \$0.3502 cent Options exercisable on or before 31 August 2007 Indirect:
	50,000 Fully Paid Ordinary Shares
	1,000,000 \$0.50 cent Options exercisable on or before 31 August 2008
	1,000,000 \$2.00 Options exercisable on or before 30 November 2009
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options to Directors as approved at Annual General Meeting held 29. the November 2006.

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.

авслэжи н нь ран.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.

Appendix 3Y

Rule 3.19A.2

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 30/9/2001.

	Name of entity Cazaly Resources Limited
ABN	23 101 049 334

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	Kent Michael Hunter
Date of last notice	9 February 2006

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 (1)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Kouta Bay Pty Ltd <the familyA/C
	Indirect (2): Shares owned by Mining Corporate Advisory Services Pty Ltd, a company in which Mr Hunter has a relevant interest.
Date of change	11 December 2006
No. of securities held prior to change	Direct: 1,003,066 Fully Paid Ordinary
	250,000 \$0.3502 cent Options exercisable on or before 31/8/07
	250,000 \$0.50 cent Options exercisable on or before 31 August 2008
	Indirect $(1)$ : 50,000 Fully Paid Ordinary
	Indirect (2): 25,000 Fully Paid Ordinary

⁺ See chapter 19 for defined terms.

Class	\$2.00 Options exercisable on or before 30 November 2009
Number acquired	Indirect (1): 200,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Indirect (1): nil
No. of securities held after change	Direct: 1,003,066 Fully Paid Ordinary
	250,000 \$0.3502 cent Options exercisable on or before 31/8/07
	250,000 \$0.50 cent Options exercisable on or before 31 August 2008
	Indirect $(1)$ : 50,000 Fully Paid Ordinary
	200,000 \$2.00 Options exercisable on or before 30 November 2009
	Indirect $(2)$ : 25,000 Fully Paid Ordinary
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options to Directors as approved at Annual General Meeting held 29 the November 2006

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
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

$+$ See chapter 19 for defined terms.

Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$\overline{\text{+ See chapter 19 for defined terms.}}$

Appendix 3Y

Rule 3.19A.2

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 30/9/2001.

Name of entity	Cazaly Resources Limited
IABN	23 101 049 334

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	Nathan Bruce McMahon
l Date of last notice l	9 February 2006

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 relevant interest.	Indirect $(1)$ : Shares owned by Kingsreef Pty Ltd, a company in which Mr McMahon has a relevant interest.
	Indirect $(2)$ : Shares owned by Kingsreef Pty Ltd $\langle NB &$ DL Family A/C>, an account in which Mr McMahon is a beneficiary.
Date of change	11 December 2006

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	Direct: 4,520,000 Fully Paid Ordinary Shares
	Indirect $(1)$ : 440,910 Ordinary Fully Paid Shares
	Indirect (2): 50,000 Ordinary Fully Paid Shares
	1,000,000 \$0.3502 cent Options exercisable on or before 31 August 2007
	1,000,000 \$0.50 cent Options exercisable on or before 31 August 2008
Class	\$2.00 Options exercisable on or before 20 November 2009
Number acquired	Direct: 1,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Direct: nil
No. of securities held after change	Direct:
	4,520,000 Fully Paid Ordinary Shares
	1,000,000 \$2.00 Options exercisable on or before 30 November 2009
	Indirect $(1)$ : 440,910 Ordinary Fully Paid Shares
	Indirect (2): 50,000 Ordinary Fully Paid Shares
	1,000,000 \$0.3502 cent Options exercisable on or before 31 August 2007
	1,000,000 \$0.50 cent Options exercisable on or before 31 August 2008
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options to Directors as approved the Annual General Meeting held 29 November 2006.

⁺ See chapter 19 for defined terms.

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

GISCIOSCU IR UHS PAFI.
Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to
change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$\div$ See chapter 19 for defined terms.