• Details on cancellation of CZR Options and CZR Performance Rights
• Clarification on Creasy Group's intention statement
• CZR Board does not provide opinion on fairness of Fenix Offer

CZR Resources Ltd (CZR) has released its fourth supplementary target's statement in connection with the off-market takeover offer by Fenix Resources Ltd (Fenix) to acquire all of the ordinary shares in CZR. The statement supplements and should be read together with CZR's previous target's statements. The key points covered in the fourth supplementary target's statement include:1. Details on the cancellation of CZR Options and CZR Performance Rights in consideration for the issue of Replacement Fenix Options and Replacement Fenix Rights. The statement provides tables outlining the specific details of the replacement options and rights.2. Clarification on the Creasy Group's intention statement referenced in the original target's statement. CZR clarifies that the reference to the Offer Consideration being 'fair and reasonable' was a statement made by the Creasy Group itself, and not based on an independent expert's analysis. CZR and its directors do not provide any opinion on whether the Offer Consideration is fair and reasonable.