CAZALY RESOURCES LIMITED — Director's Dealing 2009

Dec 7, 2009

Appendix 3Y Change of Director’s Interest Notice

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.

Introduced 30/9/2001.	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 forthe purposes ofsection 205G ofthe CorporationsAct.
Name of Director	Clive Bruce Jones
Date of last notice	2 December 2009

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Shares owned by Widerange Corporation Pty Ltd, a company in which Mr Jones has a relevant interest. Indirect (2): Shares owned by The Alyse Investment Trust, an entity in which Mr Jones has a relevant interest.
Date of change	7 December 2009
No. of securities held prior to change	Direct: 5,453,336 Fully Paid Ordinary Shares 681,668 $0.20 Options exercisable on or before 28 February 2011 Indirect (1): 726,668 Ordinary Fully Paid Shares 8,334 $0.20 Options exercisable on or before 28 February 2011 Indirect (2): 1,333,334 Ordinary Fully Paid Shares 166,667 $0.20 Options exercisable on or before 28 February 2011 1,000,000 $0.30 Options exercisable on or before 1 July 2011
Class	Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	Indirect (1): 53,464
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$14,969.92
No. of securities held after change	Direct: 5,453,336 Fully Paid Ordinary Shares 681,668 $0.20 Options exercisable on or before 28 February 2011 Indirect (1): 780,132 Ordinary Fully Paid Shares 8,334 $0.20 Options exercisable on or before 28 February 2011 Indirect (2): 1,333,334 Ordinary Fully Paid Shares 166,667 $0.20 Options exercisable on or before 28 February 2011 1,000,000 $0.30 Options exercisable on or before 1 July 2011
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 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.

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