CAZALY RESOURCES LIMITED — Director's Dealing 2016

Apr 7, 2016

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	Nathan Bruce McMahon
Date of last notice	26 February 2016

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

			Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice
AppenChange of DirectoInformation or documents not available now must be given to ASXto ASX become ASX’s property and may be made public.Introduced 30/9/2001.			Rule 3.19A.2dix 3Yr’s Interest Noticeas soon as available. Information and documents given
Name of entityCazaly Resources Limited
ABN23 101 049 334
We (the entity) give ASX the following information underthepurposes of section 205G of the Corporations Act.			listing rule 3.19A.2 and as agent for the director for
Name of Director		Nathan	Bruce McMahon
Date of last notice		26 Febr	uary 2016
Part 1 - Chane of director’s relevant interests in securities
gIn 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	withinparagraph(i)of the defi		nition of “notifiable interest of a director” should be disclosed in thispart.
Direct or indirect interest	Direct and Indir		ect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Indirect (1):Shares owned byinterest).Indirect (2):Shares owned byMcMahon is a beIndirect (3)Shares owned by		Kingsreef Pty Ltd (Mr McMahon has a relevanKingsreef Pty Ltd <NB & DL Family A/C> (Mneficiary).Apollinax Inc as trustee for Mr McMahon		tr
Date of change	1 April, 4 April a		nd 5 April 2016
No. of securities held prior tochange	Direct:4,823,756 Fully				fson
			Paid Ordinary Shares
	Indirect (1):1563966 Ordina		ry Fully Paid Shares
	,,1 convertible not31 December 201a free attachingshares issued onexpiry date of 5 JIndirect (2):13,485,957 Ordin1,500,000 $0.18Indirect (3):1,000,000 FullyP		e with a face value of $16, zero % interest rate anoption on the basis ofconversion (with an exeranuary 2018).ary Fully Paid SharesOptions expiring 26 Noveaid OrdinaryShares	00,000, a maturity date od convertible at $0.03 pluone option for every twcise price of $0.04 and amber 2016
Class	Fully Paid Ordina		ry Shares
Number acquired	355,916

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration	$12,238
Note: If consideration is non-cash, provide
details and estimated valuation
No. of securities held after change	Direct:
	4,823,756 Fully Paid Ordinary Shares
	Indirect (1):
	1,563,966 Ordinary Fully Paid Shares
	1 convertible note with a face value of $100,000, a maturity date of
	31 December 2016, zero % interest rate and convertible at $0.03 plus
	a free attaching option on the basis of one option for every two
	shares issued on conversion (with an exercise price of $0.04 and an
	expiry date of 5 January 2018).
	Indirect (2):
	13,841,873 Ordinary Fully Paid Shares
	1,500,000 $0.18 Options expiring 26 November 2016
	Indirect (3):
	1,000,000 FullyPaid OrdinaryShares
Nature of change	On market trades
Example: on-market trade, off-market trade,
exercise of options, issue of securities under
dividend reinvestment plan, participation in buy-
back

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 a valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
.
Were the interests in the securities or contracts	No
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 2

11/3/2002