CAZALY RESOURCES LIMITED — Director's Dealing 2017

May 2, 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	7 April 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

ote: In the case of a company,interests which come w	ithinparagraph(i)of the definition of “notifiable interest of a director” should be disclosed in thispart.
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	18 April, 21 April, 1 May and 2 May 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)15,702,244 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	212,800
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/Consideration	$10,396
Note: If consideration is non-cash, provide details
and estimated valuation
No. of securities held after change	Direct
	4,823,756 Fully paid ordinary shares
	Indirect (1)
	4,897,299 Fully paid ordinary shares
	1,666,667 $0.04 Options expiring 5 January 2018
	Indirect (2)
	15,915,044 Fully paid ordinary shares
	2,500,000 $0.20 Options expiring 30 November 2018
	Indirect (3)
	1,000,000 FullyPaid OrdinaryShares
Nature of change
Example: on-market trade, off-market trade,	On market trades
exercise of options, issue of securities under
dividend reinvestment plan, participation in buy-
back

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 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 toproceed during thisperiod?
If prior written clearance was provided, on what
date was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002