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CAZALY RESOURCES LIMITED Share Issue/Capital Change 2007

Jan 10, 2007

64609_rns_2007-01-10_ec279f36-5062-486e-87aa-b652c1fa5396.pdf

Share Issue/Capital Change

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ASX Release 11 January 2007

Completion of In-Specie Distribution

The Company is pleased to advise that the In-Specie Distribution of Newera Uranium Limited (ASX Code: NRU) shares, as approved at the General Meeting of Shareholders held 18 August 2006, has now been completed.

The In-Specie Distribution was made on the basis of one (1) Newera Uranium Limited share for every 5.1377 Cazaly Resources Limited shares held as at the record date being 1 December 2006.

Yours sincerely

Kent Hunter Director