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CORAZON MINING LIMITED Capital/Financing Update 2005

Sep 21, 2005

64747_rns_2005-09-21_f915f363-53fc-4a22-b41f-4d4fa48fbabc.pdf

Capital/Financing Update

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Level 2, 22 Oxford Close WEST LERDERVILLE WA 6872 F: +61 8 9384 1436 F: +61 8 9381 1068 PO 80x 1681 WEST PERTH WA 6872 www.graynicmetals.com.su

22 September 2005

ASX Announcement

CLOSURE OF NON-RENOUNCEABLE PRO RATA OFFER OF OPTIONS

The Directors of Graynic Metals Limited are pleased to announce that the Non-Renounceable Entitlement Issue pursuant to the Prospectus issued 18 August 2005 closed yesterday. The Company advises that the shortfall of the issue is 3,949,463 options.

Yours faithfully

Nathan McMahon Director