CAZALY RESOURCES LIMITED — Director's Dealing 2011

Oct 3, 2011

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	26 September 2011

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(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	3 October 2011
No. of securities held priorto change	Direct:4,455,005 Fully Paid Ordinary SharesIndirect (1):425,002 Ordinary Fully Paid SharesIndirect (2):9,073,523 Ordinary Fully Paid Shares700,000 Options exercisable at 53 cents, expiring 18 October 2012Indirect (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

Class	Class	Class	Class	Class	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares
Nu
		mber acquired			200,000
Number disposed		mber disposed			Nil
	Value/CoNote: If cprovide		nsiderationonsideration is non-cash,detailsandestimated		$57,000.00
	valuation
No. of securities held afterchange	No. of schange		ecurities held after		Direct:4455005 Fully Paid Ord		inary Shares
					,,Indirect (1):
					425,002 Ordinary Fully P		aid Shares
					Indirect (2):
					9,273,523 Ordinary Fully Paid Shares
					700,000 Options exercisable at 53 cents, eIdi 3				xpiring 18 October 2012
					nrect ():1,000,000 Fully Paid Ordinary Shares
NaExtradsecpla
		ture of changeample: on-market trade, off-markete exercise of options issue of			On-market trades
		, ,urities under dividend reinvestmentn, participation in buy-back

• 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

Part 3 –[+] Closed period

Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided toallow the trade to proceed during this period?
If prior written clearance was provided, onwhat date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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