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CORAZON MINING LIMITED Capital/Financing Update 2006

Aug 31, 2006

64747_rns_2006-08-31_f2fa605a-0ed2-4c78-b79a-05026732afc1.pdf

Capital/Financing Update

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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.graynicmetals.com.su

ASX Release

1 September 2006

\$1,100,000 PLACEMENT FINALISED

Graynic Metals Limited (GYN) is pleased to announce that as released to the ASX on 18 August 2006 the \$1,100,000 placement issue has been finalised. The Company will apply to ASX for quotation of the securities.

Kent Hunter Company Secretary Graynic Metals Limited