CORAZON MINING LIMITED — Board/Management Information 2006

Dec 4, 2006

Level 2, 22 Oxford Close WEST LEEDERVILLE WA 6872 T: +61 8 9381 1436 F: +61 8 9381 1068 PO Box 1681 WEST PERTH WA 6872 www.graynicanetals.com.au

ASX ANNOUNCEMENT

5 DECEMBER 2006

NON EXECUTIVE DIRECTOR RESIGNATION

The Directors of Graynic Metals Limited announce the resignation of Non-Executive Director Mr Nathan McMahon who is stepping down due to an increased external workload.

On behalf of the Board I would like to thank Nathan for the significant role he played with Graynic Metals Limited since the incorporation of the Company and its listing on ASX. Nathan has been an integral and hard working member of the Board of Graynic during its formative period.

Yours sincerely

Ron Thom Managing Director