CAZALY RESOURCES LIMITED — Director's Dealing 2020

Sep 14, 2020

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 8 September 2020

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:Inthe case ofa company,interests whichcome withinparagraph(i) of the definitionof “notifiableinterestofa director”should be disclosedinthis part.	Note:Inthe case ofa company,interests whichcome withinparagraph(i) of the definitionof “notifiableinterestofa director”should be disclosedinthis part.	Note:Inthe case ofa company,interests whichcome withinparagraph(i) of the definitionof “notifiableinterestofa director”should be disclosedinthis part.
	Direct or indirect interest	Indirect (2)
	Nature of indirect interest	Indirect (1)
	(including registered holder)	Shares owned by Kingsreef Pty Ltd (Mr McMahon has a relevant
	Note: Provide details of the circumstances givingrise to the relevant interest.	interest).
		Indirect (2)
		Shares owned by Kingsreef Pty Ltd <NB & DL Family A/C> (Mr
		McMahon is a beneficiary).
	Date of change	11 & 14 September 2020
	No. of securities held prior to	Direct
	change	4,823,756 Fully paid ordinary shares
		Indirect (1)
		5,343,550 Fully paid ordinary shares
		Indirect (2)
		26,111,951 Fully paid ordinary shares
		2,500,000 options exercisable at $0.039 (expiring 26/11/20)
		4,000,000 options exercisable at $0.0495 (expiring 19/11/22)
	Class	Fully paid ordinary shares
	Number acquired	83,999
	Number disposed	Nil
	Value/Consideration	$3,312
	Note: If consideration is non-cash, provide details
	and estimated valuation

• 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 change

Direct 4,823,756 Fully paid ordinary shares

Indirect (1) 5,343,550 Fully paid ordinary shares

Indirect (2) 26,195,950 Fully paid ordinary shares 2,500,000 options exercisable at $0.039 (expiring 26/11/20) 4,000,000 options exercisable at $0.0495 (expiring 19/11/22)

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

.

art 3 –+Closed period.
Were the interests in the securities or contractsdetailed above traded during a+closed periodwhere 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