CZR RESOURCES LTD — Capital/Financing Update 2014

Nov 3, 2014

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Coziron Resources Limited

ABN: 91 112 866 869 Level 24, 44 St George’s Terrace Perth Western Australia 6000 PO Box Z5183 Perth WA 6831 Phone: +61 8 6211 5099 Facsimile: +61 8 9218 8875 Website: www.coziron.com

The Company Announcements Office ASX Limited Via E Lodgement

4 November 2014

COMPLETION OF $0.75 MILLION CAPITAL RAISING

HIGHLIGHTS

• Placement to sophisticated investors raises approximately $0.75 million

• Proceeds will primarily fund drilling at the Company’s Yarraloola Iron Ore Project

• Offer price of 2.0 cents per share, representing a 5% discount to the 15 day volume weighted average price

Coziron Resources Limited (CZR) is pleased to announce that it has successfully completed a placement to sophisticated investors to raise gross proceeds of approximately $0.75 million. Proceeds from the placement will be used primarily to fund the Company’s exploration at its Yarraloola Iron-Ore Project in the West Pilbara and additional working capital.

The placement was priced at 2.0 cents per share, representing a 5% discount to the 15-day VWAP[1] and will result in the issue of 38,375,000 new shares. Settlement of the placement will occur upon finalisation of documentation.

Coziron’s Chairman, Adam Sierakowski, commented; “ We are very pleased to have recently received heritage clearance for the Yaraloola drilling campaign which commenced on 1 November 2014. The directors have taken a prudent approach of raising this small amount of capital to ensure the Company is adequately funded through to the end of this round of drilling. "

For further information regarding this announcement please contact Adam Sierakowski on 08 6211 5099.

1 15 day volume weighted average price up to and including 30 October 2014 of 2.11 cents per share.

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