CAZALY RESOURCES LIMITED — Director's Dealing 2009

Nov 3, 2009

Appendix 3Y Change of Director’s Interest Notice

CAZRule 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	Nathan Bruce McMahon
Date of last notice	30 October 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.

disclosed in this part.
Direct or indirect interest	Direct and Indirect
Nature of indirect interest(includingregisteredholder)Note:Providedetailsofthecircumstances giving rise to therelevant interest.	Indirect (1):Shares owned by Kingsreef Pty Ltd, a company in which Mr McMahonhas a relevant interest.Indirect (2):Shares owned by Kingsreef Pty Ltd <NB & DL Family A/C>, an accountin which Mr McMahon is a beneficiary.Indirect (3)Shares owned by Apollinax Inc as trustee for Nathan McMahon
Date of change	2 November 2009

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held priorto change	Direct:3,960,003 Fully Paid Ordinary Shares1,000,000 $1.9436 Options exercisable on or before 30 November 2009495,002 $0.20 Options exercisable on or before 28 February 2011Indirect (1):1,289,639 Ordinary Fully Paid Shares47,223 $0.20 Options exercisable on or before 28 February 2011Indirect (2):2,496,216 Ordinary Fully Paid Shares1,000,000 $0.75 Options exercisable on or before 30 November 2009136,578 $0.20 Options exercisable on or before 28 February 2011Indirect (3):1,000,000 Fully Paid Ordinary Shares
Class	Ordinary Fully Paid Shares
Number acquired	Indirect (2):176,334
Number disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash,providedetailsandestimatedvaluation	$41,438.49
No. of securities held afterchange	Direct:3,960,003 Fully Paid Ordinary Shares1,000,000 $1.9436 Options exercisable on or before 30 November 2009495,002 $0.20 Options exercisable on or before 28 February 2011Indirect (1):1,289,639 Ordinary Fully Paid Shares47,223 $0.20 Options exercisable on or before 28 February 2011Indirect (2):2,672,550 Ordinary Fully Paid Shares1,000,000 $0.75 Options exercisable on or before 30 November 2009136,578 $0.20 Options exercisable on or before 28 February 2011Indirect (3):1,000,000 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividendreinvestment plan, participation inbuy‐back	On market trade

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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