CZR RESOURCES LTD — Capital/Financing Update 2015

May 28, 2015

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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

29 May 2015

ENTITLEMENT OFFER SHORTFALL NOTIFICATION

Coziron Resources Limited (ASX: CZR) ("Coziron" or "the Company") advises that the recent 1 for 6 non-renounceable entitlement offer (“Entitlement Offer”) at an issue price of $0.02 per share, closed on 29 May 2015.

The Board advises that, including additional shares applied for, shareholders subscribed for a total of 94,796,765 shares totalling $1,895,935. This comprises 94,434,092 entitlement shares and 362,673 of additionally subscribed shares.

The maximum number of shares under the issue was 203,976,578, resulting in a shortfall of 109,179,813 shares. In accordance with section 1.6 of the Offer Document dated 17 April 2015, the Company may, during the three month period following the Closing Date, place the Shortfall Shares which were not taken up by Eligible Shareholders.

The number of shares subscribed as referred above may be reduced if there are any dishonoured cheques in the funds banked.

The Board would like to express appreciation to participating shareholders for their ongoing support of the Company.

Stephen Hewitt-Dutton Company Secretary

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