CAZALY RESOURCES LIMITED — Director's Dealing 2021

Dec 1, 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	Tara French
Date of last notice	30 November 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

ote:Inthe case ofa company,interests whichcome w	ithinparagraph(i) of the definitionof “notifiableinterestofa director”should be disclosedinthis part.
Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.
Date of change	2 December 2021
No. of securities held prior tochange	Direct1,000,000 Fully paid ordinary shares
Class	1. Performance Rights (with vesting conditions)2. Director Options A exercisable at $0.067 (exp 19/11/23)3. Director Options B (with vesting conditions) (exp 12/10/24)4. Director Options C (with vesting conditions) (exp 12/10/25)
Number acquired	1. 5,000,0002. 2,000,0003. 1,500,0004. 1,500,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Nil
No. of securities held after change	Direct1,000,000 Fully paid ordinary shares5,000,000 Performance Rights (with vesting conditions)2,000,000 Director Options A exercisable at $0.067 (exp 19/11/23)1,500,000 Director Options B (with vesting conditions) (exp12/10/24)1,500,000 Director Options C (with vesting conditions) (exp12/10/25)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

Issue of Performance Rights and Director Options as approved by CAZ shareholders at AGM on 19/11/21

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