CAZALY RESOURCES LIMITED — Director's Dealing 2011

Mar 7, 2011

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 entityCazaly Resources Limited
ABN23 101 049 334
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent forthe director for thepurposes of section 205G of the Corporations Act.
Name of Director	Clive Bruce Jones
Date of last notice	13 December 2010

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.

be disclosed in thispart.
Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note:Providedetailsofthecircumstances giving rise to therelevant interest.	Indirect (1):Shares owned by Widerange Corporation Pty Ltd, a company in whichMr Jones has a relevant interest.Indirect (2):Shares owned by The Alyse Investment Trust, an entity in which MrJones has a relevant interest.
Date of change	4 March 2011
No. of securities held prior tochange	Direct:5,453,336 Fully Paid Ordinary Shares681,668 $0.20 Options exercisable on or before 28 February 2011Indirect (1):780,132 Ordinary Fully Paid Shares8,334 $0.20 Options exercisable on or before 28 February 2011100,000 Options exercisable at 53 cents, expiring 18 October 2012Indirect (2):1,333,334 Ordinary Fully Paid Shares166,667 $0.20 Options exercisable on or before 28 February 20111,000,000 $0.30 Options exercisable on or before 1 July 2011

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	a) Ordinary Sharesb) $0.20 Options exercisable on or before 28 February 2011c) $0.20 Options exercisable on or before 28 February 2011
Number acquired	a) 850,002
Number disposed	b) 850,002c) 6,667
Value/ConsiderationNote: If consideration is non‐cash,providedetailsandestimatedvaluation	a) $170,000.40b) $170,000.40c) Nil
No. of securities held afterchange	Direct:6,135,004 Fully Paid Ordinary SharesIndirect (1):781,799 Ordinary Fully Paid Shares100,000 Options exercisable at 53 cents, expiring 18 October 2012Indirect (2):1,500,001 Ordinary Fully Paid Shares1,000,000 $0.30 Options exercisable on or before 1 July 2011
Nature of changeExample: on‐market trade, off‐markettrade, exercise of options, issue ofsecuritiesunderdividendreinvestment plan, participation inbuy‐back	850,002 Listed Options exercised6,667 Listed Options lapsed

• 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.

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