CAZALY RESOURCES LIMITED — Director's Dealing 2016

Jan 6, 2016

Appendix 3Y Change of Director’s Interest Notice

CAZRule 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	30 November 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(includingregisteredholder)Note:Providedetailsofthecircumstances giving rise to therelevant interest.	Indirect (1):Shares owned by Kingsreef Pty Ltd, a company in which Mr McMahonhas a relevant interest.Indirect (2):Shares owned by Kingsreef Pty Ltd <NB & DL Family A/C>, an accountin which Mr McMahon is a beneficiary.Indirect (3)Shares owned by Apollinax Inc as trustee for Nathan McMahon
Date of change	31 December 2015
No. of securities held priorto change	Direct:4,823,756 Fully Paid Ordinary SharesIndirect (1):731,466 Ordinary Fully Paid SharesIndirect (2):12,408,932 Ordinary Fully Paid Shares1,500,000 $0.18 Options expiring 26 November 2016Indirect (3):1,000,000FullyPaidOrdinary Shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary shares
Number acquired	311,500
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash,provide details and estimated valuation	$7,788
No. of securities held afterchange	Direct:4,823,756 Fully Paid Ordinary SharesIndirect (1):731,466 Ordinary Fully Paid SharesIndirect (2):12,720,432 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-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	On market trades

• See chapter 19 for defined terms. Appendix 3Y Page 2

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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