CAZALY RESOURCES LIMITED — Director's Dealing 2016

Feb 25, 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.

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	19 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

	AppChange of Dirn or documents not available now must be givenome ASX’s property and may be made public.0/9/2001.	AppChange of Dirn or documents not available now must be givenome ASX’s property and may be made public.0/9/2001.	AppChange of Dirn or documents not available now must be givenome ASX’s property and may be made public.0/9/2001.	Rule 3.19A.endix 3Yector’s Interest Noticeto ASX as soon as available. Information and documents given	Rule 3.19A.endix 3Yector’s Interest Noticeto ASX as soon as available. Information and documents given
Name of e	ntityCazaly Resources Limited
ABN	23 101 049 334
	ntity) give ASX the following informationses of section 205G of the Corporations Act			under listing rule 3.19A.2 and as agent for the director fo.
Name of	Director		N	athan Bruce McMahon
Date of l	ast notice		19
				February 2016
	ange of director’s relevant interests in securf a trust, this includes interests in the trust made avail
				ities
				able by the responsible entity of the trust
Note: In the c	ase of a company,interests which come	withinparagraph(i)o		f the definition of “notifiable interest of a director” should be disclosed in thispart.
Direct or	indirect interest	Direct and		Indirect
Nature o(includinNote: Provirise to the re	f indirect interestg registered holder)de details of the circumstances givinglevant interest.	Indirect (1)Shares owninterest).Indirect (2)Shares ownMcMahon iIndirect (3)Shares own		:	ntMr
				ed by Kingsreef Pty Ltd (Mr McMahon has a releva:ed by Kingsreef Pty Ltd <NB & DL Family A/C> (s a beneficiary).
				ed byApollinax Inc as trustee for Mr McMahon
Date of c	hange	22 February		2016
No. ofchange	securities held prior to	Direct:4,823,756Indirect (1)1,563,966 O1 convertibl31 Decemba free attacshares issueexpiry dateIndirect (2)13,113,4361,500,000 $ Indirect (3)1,000,000 F			ofuswoan
				ll Pid Odi Sh
				uy a rnary ares:rdinar Full Paid Shares
				y ye note with a face value of $100000 a maturity date
				,,er 2016, zero % interest rate and convertible at $0.03 plhing option on the basis of one option for every td on conversion (with an exercise price of $0.04 and
				of 5 January 2018).
				:Ordinary Fully Paid Shares0.18 Options expiring 26 November 2016:
				ullyPaid OrdinaryShares
Class		Fully Paid O		rdinary Shares
Number acquired	acquired	372,521

• 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/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$10,739
No. of securities held after change	Direct:4,823,756 Fully Paid Ordinary SharesIndirect (1):1,563,966 Ordinary Fully Paid Shares1 convertible note with a face value of $100,000, a maturity date of31 December 2016, zero % interest rate and convertible at $0.03 plusa free attaching option on the basis of one option for every twoshares issued on conversion (with an exercise price of $0.04 and anexpiry date of 5 January 2018).Indirect (2):13,485,957 Ordinary Fully Paid Shares1,500,000 $0.18 Options expiring 26 November 2016Indirect (3):1,000,000 FullyPaid OrdinaryShares
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	On market trades

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 contractsdetailed above traded during a+closed period whereprior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?
If prior written clearance was provided, on what datewas this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002