CAZALY RESOURCES LIMITED — Director's Dealing 2016

Feb 18, 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.

thepurposes of section 205G of the Corporations	Act.
Name of Director	Nathan Bruce McMahon
Date of last notice	5 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

Note: In the case of a company,interests which come	withinparagraph(i)of the definition of “notifiable interest of a director” should be disclosed in thispart.
Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Indirect (1):Shares owned by Kingsreef Pty Ltd (Mr McMahon has a relevantinterest).Indirect (2):Shares owned by Kingsreef Pty Ltd <NB & DL Family A/C> (MrMcMahon is a beneficiary).Indirect (3)Shares owned byApollinax Inc as trustee for Mr McMahon
Date of change	15 February 2016, 17 February 2016 and 18 February 2016
No. of securities held prior tochange	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):12,805,957 Ordinary Fully Paid Shares1,500,000 $0.18 Options expiring 26 November 2016Indirect (3):1,000,000 FullyPaid OrdinaryShares
Class	Fully Paid Ordinary Shares
Number acquired	307,479

• 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	$7,932
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):13,113,436 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 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