CAZALY RESOURCES LIMITED — Director's Dealing 2016

Jan 20, 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	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 thepurposes of section 205G of the Corporations Act.
Name of Director	Clive Bruce Jones
Date of last notice	21 December 2015

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.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Shares owned by Widerange Corporation Pty Ltd, a company in which Mr Jones has a relevant interest. Indirect (2): Shares owned by The Alyse Investment Trust, an entity in which Mr Jones has a relevant interest.
Date of change	1. 18 January 2016 2. 20 January 2016
No. of securities held prior to change	Direct: 6,646,256 Fully Paid Ordinary Shares Indirect (1): 3,068,857 Fully Paid Ordinary Shares Indirect (2): 500,001 Ordinary Fully Paid Shares
Class	1. Unsecured convertible note 2. FullyPaid OrdinaryShares
Number acquired	1. 1 2. 832,500
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $100,000 2. $24,975

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after Direct:

change 6,646,256 Fully Paid Ordinary Shares Indirect (1): 3,901,357 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): 500,001 Ordinary Fully Paid Shares Nature of change 1. Issue of one convertible note with a face value of $100,000 to

Example: on-market trade, off-market Widerange Corporation Pty Ltd. Maturity date of 31 December trade, exercise of options, issue of

securities under dividend reinvestment 2016. Zero % interest rate. Convertible at $0.03 plus a free

plan, participation in buy-back attaching option on the basis of one option for every two shares issued on conversion prior to expiration. 2. Off market trade

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 2

11/3/2002