CORAZON MINING LIMITED — Capital/Financing Update 2008

Apr 15, 2008

==> picture [612 x 83] intentionally omitted <==

16 April 2008

The Manager Company Announcement Office Australian Stock Exchange Limited

Opes Prime Update

Graynic Metals Limited (ASX: GYN, “Graynic”) would like to provide an update on the status of its securities that were involved in Opes Prime’s margin lending facilities.

Of the 1,207,434 shares (representing less than 2.2% of the company’s issued shares) that had been held through Opes Prime, the majority have been sold on market. Graynic have been advised by Goldman Sachs that only 240,000 shares remain to be sold. Graynic has been advised that the remaining parcel of shares is currently unavailable for sale as they have been lent to a third party and “short sold”. Graynic awaits clarification as to the future of this small parcel of shares.

Graynic considers that any potential exposure of its issued shares through Opes Prime has been resolved. Graynic would also like to confirm that it has no exposure to Lift Capital Partners Pty Limited and LIFT Capital Nominees No.1 Pty Limited. Likewise no Director of Graynic Metals Limited has held any Graynic shares through either Opes Prime or Lift Capital.

Graynic would like to thank all of its existing shareholders for their support during the current market turbulence.

Enquiries: Bronwyn Barnes Managing Director 08 6364 0518 0417 093 256

About Graynic Metals Limited

Graynic Metals Ltd is committed to increasing shareholder wealth through the acquisition, exploration and development of base metal mineral resources throughout Australia. The Company has key project areas in Western Australia and New South Wales within mineral provinces that have demonstrated copper, lead, zinc, nickel and gold mineralisation.

Current exploration targets include locating additional high grade resources adjacent to existing resources, testing of historic workings, drill testing of significant surface geochemical anomalies and the drilling of obvious strike and depth extensions of existing anomalous drilling intersections. Each project area has a significant land position which allows for further growth opportunities should exploration be successful.

Graynic Metals Limited ACN : 112 898 825

Suite 5, Level 1, 350 Hay St, Subiaco, Western Australia, 6008. PO Box 935, West Perth, WA, 6872 Phone: 08 6364 0518 Fax: 08 6210 1872