CAZALY RESOURCES LIMITED — Major Shareholding Notification 2003

Oct 28, 2003

Cazaly Resources Limited ACN: 101 049 334

Prospectus Dated 14 October 2003 - Offer Fully Oversubscribed

TWENTY LARGEST SHAREHOLDERS

The names of the twenty largest ordinary fully paid shareholders as at 29 October $2003$ are as follows:

NAME		NUMBER	$\%$
1	CLIVE BRUCE JONES	3,000,000	9.104
2	NATHAN BRUCE MCMAHON	2,800,000	8.497
3	CPA FINANCIAL SERVICES	1,800,000	5.462
4	INTERNATIONAL GOLDFIELDS	750,000	2,276
5	MS KATHRYN YULE	750,000	2.276
6	KENT MICHAEL HUNTER	750,000	2.276
7	STOCKWORK (KAL) PTY LTD	500,000	1.517
8	MRS KATHRYN YULE	500,000	1.517
9	VIROTEC INTERNATIONAL LTD	350,000	1
	10 DACIN NOMINEES PTY LTD	350,000	1.062
11	MAXIGOLD HOLDINGS PTY LTD	300,000	0.910
	12 MICHAEL CHARLES YOUNG	300,000	0.910
	13 MINES & RESOURCES AUSTRALIA	275,000	0.834
	14 BB NIMINEES PTY LTD	250,000	0.758
	15 MR MERWYN IAN LEO BASSETT	250,000	0.758
	16 BROOKS BROS (SCONE) PTY LTD	250,000	0.758
	17 GOOSCAR PTY LTD	250,000	0.758
	18 MR JAN WILLIAM POTHOF	250,000	0.758
	19 FOPAR NOMINEES PTY LTD	250.000	0.758
	20 CLELAND PROJECTS PTY LTD	250,000	0.758
TOTAL		14,175,000	43.009