CAZALY RESOURCES LIMITED — Director's Dealing 2021

Dec 19, 2021

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 20 October 2021

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.
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).
Date of change	17 December 2021
No. of securities held prior tochange	Direct4,823,756 Fully paid ordinary sharesIndirect (1)5,343,550 Fully paid ordinary sharesIndirect (2)31,070,952 Fully paid ordinary shares4,000,000 options exercisable at $0.0495 (expiring 19/11/22)
Class	Fully paid ordinary shares
Number acquired	458,889
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$20,466

• 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) 31,529,841 Fully paid ordinary shares 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

.

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 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 2

11/3/2002