CAZALY RESOURCES LIMITED — Director's Dealing 2017

Jun 5, 2017

Appendix 3Y Change of Director’s Interest Notice

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 May 2017

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	Indirect (2)
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	5 June 2017
No. of securities held prior tochange	Direct4,823,756 Fully paid ordinary sharesIndirect (1)4,897,299 Fully paid ordinary shares1,666,667 $0.04 Options expiring 5 January 2018Indirect (2)16,265,841 Fully paid ordinary shares2,500,000 $0.20 Options expiring 30 November 2018Indirect (3)1,000,000FullyPaidOrdinary Shares
Class	Fully paid ordinary shares
Number acquired	49,203
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$2,362
No. of securities held after change	Direct4,823,756 Fully paid ordinary sharesIndirect (1)4,897,299 Fully paid ordinary shares1,666,667 $0.04 Options expiring 5 January 2018Indirect (2)16,315,044 Fully paid ordinary shares2,500,000 $0.20 Options expiring 30 November 2018Indirect (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

art 3 –+Closed period.
Were the interests in the securities or contractsdetailed above traded during a+closed period**where prior written clearance was required? **	No
If so, was prior written clearance provided toallow the trade toproceed during thisperiod?
If prior written clearance was provided, on whatdate was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002