$1,450,000 RAISING VIA PLACEMENT

The Board of Cazaly Resources Limited (ASX: CAZ)(“Cazaly” or “the Company”) is pleased to advise the completion of a book build placement to raise $1,450,000. The issue price of the fully paid ordinary shares will be $0.065 per Share. A free attaching option (exercisable at $0.11 with a two (2) year expiry date from issue) will also be issued on a one for two basis.

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