• Company unaware of any undisclosed information that could explain recent trading
• Attributes share price rise to strength in gold and rare earth prices, and release of independent market research report
• Confirms compliance with ASX Listing Rules

Cazaly Resources Ltd (ASX: CAZ) responded to an ASX price query regarding a recent increase in its share price from $0.029 on 23 October 2025 to an intraday high of $0.047 on 27 October 2025, as well as a significant increase in trading volume. The company stated that it is not aware of any information concerning it that has not been announced to the market and which, if known, could reasonably explain the recent trading in its securities. The company believes that the recent strength in its share price may be a result of the strength in both the gold and silver price, which are trading at or near new all-time highs, as well as recent rare earth news. Furthermore, the company notes the release, earlier on 27 October 2025, of an independent market research report by an east coast based research group, based entirely on publicly available information, which the company believes has also contributed to the recent trading activity in its securities. The company confirmed that it is in compliance with ASX Listing Rules, including Listing Rule 3.1, and that its responses have been authorised and approved under its published continuous disclosure policy.