CORAZON MINING LIMITED — Capital/Financing Update 2011

Mar 24, 2011

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25 March 2011

The Manager Company Announcements Office ASX Limited

CORAZON MINING LIMITED

Notice under Section 708A

Corazon Mining Limited ( Company ) hereby notifies the Australian Stock Exchange in accordance with Section 708A (5)(e) of the Corporations Act 2001 ( the Act ) that:

The Company has issued 16,000,000 fully paid ordinary shares in a placement to sophisticated investors at $0.10 per share.

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under Section 708 or 708A of the Act. By giving this notice, sale of the shares will fall within the exemption in Section 708A(5) of the Act.

The shares were issued without disclosure to investors under Part 6D.2 of the Act, in reliance on Section 708A(5).

The Company, as at the date of this notice, has complied with:

• (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

• (b) Section 674 of the Act.

As at the date of this notice, there is no excluded information for the purposes of Section 708A(7) or 708A(8) of the Act.

Yours faithfully

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ROB ORR COMPANY SECRETARY

Corazon Mining 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