CORAZON MINING LIMITED — Capital/Financing Update 2005

Jun 27, 2005

MARKET RELEASE

28 June 2005

GRAYNIC METALS LIMITED

ADMISSION TO OFFICIAL LIST

Graynic Metals Limited was admitted to the Official List of Australian Stock Exchange Limited on Tuesday, 28 June 2005.

Official Quotation of the following securities will commence at 12.00am E.S.T. (10.00am W.S.T) on Thursday, 30 June 2005.

20,332,955

ordinary shares fully paid issued at \$0.20 per share

Security Code: GYN

Idioun M

Anthony Walsh Assistant Manager Companies

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COMMENCEMENT OF OFFICIAL QUOTATION-GRAYNIC METALS LIMITED

Graynic Metals Limited (the "Company") was admitted to the official list of the Australian Stock Exchange Limited on Tuesday 28 June 2005.

Official quotation of the Company's securities will commence on Thursday, 30 June 2005.

Quoted Securities:	20,332,955 fully paid ordinary shares
Issue Price	20 cents per share
ASX Code:	GYN
Time: Date: SEAT Abbreviation:	12.00 PM EST (10.00 AM WST) Thursday, 30 June 2005 GRAYNIC
ISIN:	AU000000GYN3
Home Branch:	Perth
Industry Classification:	Metals & Mining
Registered Office:	Level 2, 22 Oxford Close Leederville WA 6007 Telephone: (08) 9381 1436 Facsimile: (08) 9381 1068
Company Secretary:	Kent Hunter
Share Registry:	Advanced Share Registry Services 110 Stirling Highway Nedlands WA 6009 Telephone: (08) 9389 8033 Facsimile: (08) 9389 7871
Brokers to the issue:	Paterson Securities Limited Level 23 Exchange Plaza, Perth, WA 6000
Balance Date:	30 June

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State of Incorporation:

ASX restricted securities:

CHESS:

Participating. The Company will also operate an issuer sponsored subregister.

Western Australia

2,894,568 ordinary shares fully paid classified by ASX as restricted securities to be held in escrow for a period of 24 months from commencement of official quotation.

2,000,000 options exercisable at 30 cents each on or before 30 April 2008, classified by ASX as restricted securities to be held in escrow for a period of 24 months from commencement of official quotation.

750,000 ordinary shares fully paid, classified by ASX as restricted securities and to be held in escrow. for a period of 12 months from the date of issue.

2,000,000 options exercisable at 20 cents each on or before 28 March 2007, classified by ASX as restricted securities to be held in escrow for a period of 12 months from the date of issue.

2,000,000 options exercisable at 30 cents each on or before 28 March 2008, classified by ASX as restricted securities to be held in escrow for a period of 12 months from the date of issue.

522,480 ordinary shares fully paid classified by ASX as restricted securities to be held in escrow until 31 October 2005.

Dividend Policy:

Activities.

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Base Metal Exploration

Refer to page 74 of Prospectus

ASX Contact: Vickrem Naicker Business Unit Companies Perth Ext.No: 6032 Date: 28 June 2005