CORAZON MINING LIMITED — Capital/Financing Update 2013

Sep 18, 2013

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19 September 2013

Mauro Piccini Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Mauro

CORAZON MINING LIMITED -INFORMATION DISCLOSED UNDER ASX LR 3.10.5A AND 7.1A.4(B)

Further to the ASX announcement lodged by Corazon Mining Limited (“Corazon”) on 10 September 2013 regarding the $3M placement.

Corazon provides the following information under ASX Listing Rule 3.10.5A:

• (a) Details of the dilution to the existing holders of ordinary securities caused by the issue is as follows:

A total of 61,160,555 were issued under the placement. A total of 32,108,244 shares are issued pursuant to Listing Rule 7.1 (representing 9.03% of the post-placement capital) and 29,052,311 shares were issued under the Placement pursuant to Listing Rule 7.1A (representing 8.17% of the post-placement capital).

The percentage of the post-placement capital held (in aggregate) is as follows:

• pre-placement security holders who did not participate in the placement – 82.8%

• pre-placement security holders who did participate in the placement – 14.65%

• participants in the placement who were not previously security holders – 2.54%

(b) Corazon considered the placement to sophisticated investors was in this instance the most efficient and expedient method for raising the funds required given the funding certainty. The Company completed an SPP in February 2013 however it considered that the required time frame to make either a pro rata or other type of offer to existing shareholders was not aligned to the Company’s funding requirements.

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

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• (c) The placement was not underwritten.

• (d) A 6% commission was incurred by Corazon in connection with the placement.

Yours sincerely

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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