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.

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	18 January 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: Provide details of the circumstancesgiving rise to the relevant interest.	Indirect (1):Kouta Bay Pty Ltd <The Houndy Family A/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	4 March 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior tochange	Direct:1,200,001 Fully Paid Ordinary Shares150,001 $0.20 Options exercisable on or before 28 February2011Indirect (1):597,422 Ordinary Fully Paid Shares67,178 $0.20 Options exercisable on or before 28 February2011250,000 $0.30 Options exercisable on or before 1 July 2011Indirect (2):33,334 Ordinary Fully Paid Shares4,167 $0.20 Options exercisable on or before 28 February2011
Class	a) Ordinary Sharesb) $0.20 Options exercisable on or before 28 February2011
Number acquired	a) 221,346
Number disposed	b) 221,346
Value/ConsiderationNote: If consideration is non‐cash, providedetails and estimated valuation	$44,269.20
No. of securities held after change	Direct:1,311,352 Fully Paid Ordinary SharesIndirect (1):703,250 Ordinary Fully Paid Shares250,000 $0.30 Options exercisable on or before 1 July 2011Indirect (2):37,501 Ordinary Fully Paid Shares
Nature of changeExample: on‐market trade, off‐market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy‐back	Exercise of Listed Options

• 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 or	No
	contracts detailed above traded during a
	+closed period where prior written clearance
	was required?
	If so, was prior written clearance provided to
	allow the trade to proceed during this period?
	If prior written clearance was provided, on
	what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002