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CORAZON MINING LIMITED Capital/Financing Update 2009

Apr 1, 2009

64747_rns_2009-04-01_070cc858-9975-4991-818f-82cd336274f0.pdf

Capital/Financing Update

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ASX Release 2 April 2009

Graynic proceeds with Cuban and Guatemalan nickel Joint Venture

Australian exploration company Graynic Metals Limited (ASX: GYN) (Graynic) is pleased to announce that its Farm In Agreement with Nichromet Extractions Inc (Nichromet) in respect of a suite of nickel projects in Cuba and Guatemala has now become unconditional. Accordingly, the Farm In Agreement is now in full force and effect.

In accordance with the terms of the Farm In Agreement, Graynic will now commence negotiations with Nichromet to conclude a formal joint venture agreement for the Cuban and Guatemalan project areas, along with licences for Nichromet’s patented Nickel Process Technology.

ENDS

Enquiries: Bronwyn Barnes James Moses Managing Director Media and Investor Relations Ph: 08 6364 0518 Mandate Corporate Mob: 0417 093 256 Mob: 0420 991 574 E: [email protected] E: [email protected] www.graynicmetals.com.au

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