CAZALY RESOURCES LIMITED — Director's Dealing 2017

Jan 19, 2017

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.

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	1 December 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 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	13 January 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)14,915,044 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	200,000
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 $14,800 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) 15,115,044 Fully paid ordinary shares 2,500,000 $0.20 Options expiring 30 November 2018 Indirect (3) 1,000,000 Fully Paid Ordinary Shares 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 buyback

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

Were the interests in the securities or contractsdetailed above traded during a+closed period whereprior written clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?
If prior written clearance was provided, on what datewas this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002