CORAZON MINING LIMITED — AGM Information 2007

Nov 1, 2007

AGM Presentation

November 2007

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Disclaimer
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This document is not a disclosure document nor does it constitute the provision of financial advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information. The information is provided expressly on the basis that recipients will carry out their own independent inquiries into the matters contained herein and make their own independent decisions about the affairs, financial position

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Company Overview
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• Focused on base metal discovery and production

• ASX listed - 30 June 2005

• Tight capital structure

• Highly prospective exploration ground in WA and NSW

• Quartz Circle – Pilbara WA

• Gulf Creek – Tamworth NSW

• Copper Ridge – Broken Hill NSW

• Yanco Glen – Broken Hill NSW – JV with Wolf Minerals

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Company people
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• Non-executive Chairman - Ivan Hoffman

• Managing Director - Bronwyn Barnes

• Non-executive Director - Jonathan Downes

• Non-executive Director - Clive Jones

• Company Secretary/CFO - David Round

• Exploration Manager – Mark Fletcher

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Capital Structure
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Shares currently on issue

55,485,415

Options Exercise price 2,000,000 30 cents 6,000,000 30 cents 2,000,000 30 cents 250,000 46 cents 1,000,000 30 cents

Cash at bank

Expected income from options 2008

Expiry date 16/06/2008 30/04/2008 31/10/2008 24/10/2011 31/07/2009 $3.25 million $2.4 million

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Share Price Chart – ASX:GYN
Proto JV 28 Aug 07
Appointment of
new MD 9 July 07
Placement
finalised
Market Correction Appointment of BHP
51% GYN correction Geologist
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Option Conversion Programme
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• 12,079,043 of a total of 12,219,643 options on issue converted

• A conversion rate of 99%

• Raised $2,416,058 in operating funds to Graynic

• Sound endorsement of Graynic’s current projects as well as support for the new management team at Graynic

• Indian Ocean Capital Pty Ltd will now convert the remaining options on issue

• In addition September placement of an additional 3 million

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Projects and target commodities
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WA Projects

• Quartz Circle - zinc, lead, silver, gold

• Walgidee Hills - diamonds

NSW Projects

• Gulf Creek – copper, zinc, silver

• Yanco Glen – base metals, tin, tungsten and gold

• Wertago – copper, lead, zinc and silver

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WA – Quartz Circle and Walgidee Hills
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Quartz Circle

• proven potential for base metals in a classic VMS setting

• potential for nickel in an extensive ultramafic unit

• Geophysical surveys reveal exciting targets

Walgidee Hills

• Biggest known lamproite in the world

• Contains micro and macro diamonds

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Quartz Circle - Overview
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• Tenement package located 25kms NE of Nullagine

• Several prospects including Emperor Zn-Pb-Ag Prospect and Igloo Cu-Au Prospect

• • CBH Resources Panorama project

• Sulphur Springs Reserve 10Mt at 3.7% Zn, 1.5% Cu and 17 g/t Ag

• • Kangaroo Caves Resource 1.7 Mt @ 9.8% Zn and 0.6% Cu

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Quartz Circle – Recent Results
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• Strong zinc mineralisation at Emperor Prospect: � 12m @ 5.48% Zn from 76m

• 4m @ 3.9% Zn from 68m

• High silver values in first-ever base metal intersection at Imperial Prospect:

• 8m @ 1.26% Zn, 0.9% Pb & 458 g/t Ag from 100m

• High-grade gold intersection: Imperial Prospect:

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Quartz Circle – Work Programme
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• Results indicates good potential for VMS style base metals deposit

• Planned work:

• Complete data compilation and review

• Follow-up surface geophysical survey

• RC/diamond drill program (early 2008)

• Targeting gold and base metal anomalies identified to date

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Walgidee Hills, West Kimberley
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• Biggest known lamproite in the world

• Contains micro and macro diamonds

• Most testing has been on east side

• Overall, testing seems inadequate for such a large intrusion

• EL application over diamondiferous lamproite

• Database, aeromags, bulk sampling details purchased from previous explorer will guide future

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NSW - Base and Precious metals
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Gulf Creek

• Copper, zinc and silver

• Yanco Glen

• Tungsten as scheelite

• • Base metals and gold

• Copper Ridge • Copper

Wertago

Gulf Creek

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Gulf Creek
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• Historic copper production at high Cu grades

• Three-lode system with some existing untapped Cu-Zn mineralisation

• Limited modern exploration undertaken to date

• Planned work:

• Immediate drill target beneath historic Cu workings

• Geological mapping

• Surface geophysics and geochemical sampling

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Wertago
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• Strong Cu mineralisation over strike length of 2km - also some Zn

• Historic Ag and Pb at Nuntherungie workings - very little previous drilling

• • Along strike from Black Range Grasmere copper project

• 5.75Mt @ 1.03% Cu,

• 0.35%Zn

• 2.30g/t Ag

• 0.05g/t Au

• Adjacent to the highly prospective

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Copper Ridge
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• Copper Ridge prospect - 75 km NNE of Broken Hill in eastern NSW

• Region mined in the 1880’s

• series of shallow pits and shafts

• located over a total strike of 3.5 kms

• No modern exploration conducted on the lease since mining (~125 years)

• • Rock chip samples - 0.13%-0.29% Cu

• • Soil sampling completed September

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Yanco Glen
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• Large tenement (580km2) in a strongly mineralised area near Broken Hill

• Rock chip sampling at Anaconda returned encouraging results

• Up to 2.37g/t Au

• • Up to 14.2% Cu

• Follow up soil sampling programme completed – awaiting results

• JV with Wolf Minerals for Sn and W rights

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Summary
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• GYN has new strategy and new management

• Firmly focused on understanding value of current projects – short term exploration focus

• Quartz Circle and Gulf Creek drilling programmes

• Copper Ridge and Yanco Glen soil sampling

• GYN seeking JV partners for diamond project

• Oct 07 option conversion programme and placement – cash flow secured