CORAZON MINING LIMITED — Capital/Financing Update 2009

Nov 9, 2009

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10 November 2009

ASX Release Stock Code: GNI

GNI INCREASES JUTSON ROCKS PORTFOLIO

GNI acquires 90% interest in neighbouring Gold, Nickel and Platinum project

GNI Land package now encompasses almost 80% of the Jutson Rocks/Mt Venn Greenstone Belt

Global Nickel Investments Limited (“GNI, “The Company”) has increased its investment in the Jutson Rocks / Mt Venn Greenstone Belt by entering into a formal Heads of Agreement to acquire The Mt Cornell project.

A direct extension along strike of the two existing Jutson Rocks tenements trending NNW – Mt Cornell expands the reach and portfolio of mineral assets managed by GNI along the precious metal rich Achaean greenstone belt.

GNI will develop the Mt Cornell project on a Joint Venture basis with listed company Graynic Metals Limited (ASX: GYN) which will result in GNI earning a (90%) interest in the project. By means of this latest acquisition GNI has increased its direct exposure to the prospective zone and now controls the vast majority of the Jutson Rocks greenstone belt.

“GNI is consolidating its valuable land package, and building a regionally significant exploration company, in a region that has rich Gold and Nickel Mines.” said Managing Director, Mr Benjamin Cooper.

Mt Cornell E38/1850 is granted tenure, and work will commence immediately. A comprehensive airborne VTEM survey will now be conducted over the entire GNI tenement package including Mt Cornell in November/December 2009 to identify drill ready targets for the upcoming campaign.

Previous exploration on GNI’s tenements recognized the potential for the Mt Venn Greenstone Belt to host gold mineralisation, nickel sulphide mineralisation and Platinum Group Metal mineralisation. Several areas of soil anomalism and rock chip anomalism have been previously defined but not followed up by either infill sampling or drilling.

An example of historic Jutson Rocks rock chip sample assay results from different prospect areas are given below.

Lang’s Rock :165g/t Au Lang’s Find :800ppm Ni, 712ppm Cu and 23ppb Pt

Chapman’s Reward :720ppb Au

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Rutters Soak :1.31ppm Pt

Mt Cornell/Mt Warren :17,700ppm Cr, 226ppb Pt, 815ppm Ni and 104ppm Cu

Mount Cumming :8.4g/t Au, 3.2% Cu and 3g/t Ag

Attached figure showing the 3 Global Nickel Investments licences

The rocks shown as purple, yellow and light blue colours are all part of the Mt Venn Greenstone Belt which you can see is elongated in a North North West orientation. The Mt Venn (or Jutson Rocks) Greenstone Belt is 60km long and of that 60km about 55km of the strike length is within the 3 GNI licences. The actual area of the JR licences is 333 square km in area and the Mt Cornell licence is 67 square km in area.

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For further information please contact:

Mr Benjamin Heath Cooper Managing Director Global Nickel Investments Limited Phone: +61 (0)2 9225 4008 Mobile: +61 (0)425 311 121 Email: ben.cooper@globalnickel.com.au

The information in this report that relates to Exploration Results is based on information compiled by Andrew Jones, who is a Member of the Australasian Institute of Mining & Metallurgy. Mr Jones is a full-time employee of TasEx Geological Services Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Jones consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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