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CORAZON MINING LIMITED Capital/Financing Update 2005

Sep 1, 2005

64747_rns_2005-09-01_1948f274-1de0-451b-8e5e-942dbc769bf5.pdf

Capital/Financing Update

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

2 September 2005

ASX Announcement

DISPATCH OF NON-RENOUNCEABLE PRO RATA OFFER OF OPTIONS PROSPECTUS

The Company is pleased to announce the dispatch yesterday, 1 September 2005, of the Prospectus for non-renounceable pro rata offer of options as announced to ASX on 17 August 2005. The important dates for the offer remain as follows:

Record Date 29 August 2005
Acceptance closes at 5pm WST 16 September 2005

Applicants should consult their brokers or professional advisors in regards to undertaking an investment in the offer.

Yours faithfully

Nathan McMahon Director