CORAZON MINING LIMITED — Board/Management Information 2007

Jul 9, 2007

Suite 5 Level 1, 350 Hay Street, Subiaco WA 6008 ACN : 112 898 825 PO Box 1681 West Perth WA 6872 P: (08) 6364 0518 F: (08) 6210 1876

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10 July 2007

The Manager Company Announcement Office Australian Stock Exchange Limited

APPOINTMENT OF MANAGING DIRECTOR OF GRAYNIC METALS LIMITED

The Directors of Graynic Metals Limited (‘Graynic’ or ‘Company’) are pleased to announce the appointment of Ms. Bronwyn Barnes as Managing Director of the Company effective immediately.

Ms. Barnes has over 10 years experience in the resources sector most recently as Manager External Affairs with BHP Billiton’s Nickel West and previously WMC Resources. In addition she has held senior roles in the corporate divisions of ConocoPhillips, Methanex Australia, and Anaconda Nickel.

Ms. Barnes holds a Bachelor of Arts from UWA and a Graduate Diploma of Business from Edith Cowan University. Her primary role will be to focus on the potential of existing assets within the Graynic portfolio and consider growth opportunities.

The Directors of Graynic are delighted that a person with Ms. Barnes’ corporate experience has joined the Company, providing further endorsement of the potential of the Company’s prospects in Western Australia and New South Wales.

Following the announcement made on 19 June 2007, Mr Ivan Hoffman will now resume his role of Non Executive Chairman with Graynic Metals Limited.

Enquiries: Ms Bronwyn Barnes Managing Director Graynic Metals Limited Ph 6364 0518

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