CAZALY RESOURCES LIMITED — Share Issue/Capital Change 2021

Dec 1, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

CAZALY RESOURCES LIMITED

Date of this announcement

Thursday December 02, 2021

The +securities the subject of this notification are:

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Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code Performance Rights 5,000,000 02/12/2021 to be confirmed

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

CAZALY RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

23101049334

1.3 ASX issuer code

CAZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

2/12/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

5,000,000 Performance Rights

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
2/12/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Please refer to CAZ AGM Notice of Meeting dated 15 October 2021
https://wcsecure.weblink.com.au/pdf/CAZ/02436531.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
The Performance Rights have the following vesting conditions:
a) 2,000,000 Performance Rights - vest immediately upon grant;
b) 1,500,000 Performance Rights - vest 12 months after Commencement; and
c) 1,500,000 Performance Rights - vest 24 months after Commencement;
The holder must be a Director of the Company, at the time that vesting conditions are met.
Commencement occurred on 12 October 2021.
Expiry Date - Each Performance Right will expire on the earlier to occur of:
a) 5pm (AEST) on 11 October 2025; and
b) the Performance Right lapsing and being forfeited under their terms and conditions
For the avoidance of doubt any vested but unexercised Performance Rights will automatically lapse on the Expiry Date.
Please provide any further information needed to understand the circumstances in which you are notifying the
issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to
the market in an Appendix 3B
Issued to Managing Director pursuant to receiving CAZ shareholder approval at AGM held on 19 November 2021
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

5,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

Other

Additional Details

As per CEO/Managing Director contract. Issue of rights approved by shareholders on 19/11/21.

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
CAZ : ORDINARY FULLY PAID	369,563,267
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
CAZAR : OPTION EXPIRING 11-JUN-2024 EX $0.066	500,000
CAZAP : OPTION EXPIRING 19-NOV-2022 EX $0.0495	10,000,000
CAZAQ : OPTION EXPIRING 08-MAR-2024 EX $0.05	2,000,000
New class - code to be confirmed : Performance Rights	5,000,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

19/11/2021

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