Quarterly Activities and Cash Flow Report

Cazaly Resources reports increased cash reserves and significant progress in lithium and rare earth elements exploration across Canada, Australia, and Namibia, positioning the Company for future growth.

<ul><li>Raised $3.3 million via a $2.1 million placement and share sale proceeds, increasing cash reserves to $4.9 million as of December 2023.</li><li>Completed inaugural field work at Sundown Lithium Project (Canada) and Lyons REE Project (Western Australia), generating encouraging exploration results.</li><li>Advanced key projects including Carb Lake REE in Canada, Ashburton Basin gold and base metals, and Kaoko Lithium in Namibia.</li><li>Maintained royalty interests and joint ventures supporting potential future revenue streams.</li><li>Operational cash outflow controlled at $161,000 for the quarter with total cash and investments of approximately $7.2 million.</li></ul>

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Quarterly Activities and Cash Flow Report