CORAZON MINING LIMITED — Capital/Financing Update 2019

Sep 23, 2019

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24 September 2019

The Manager Company Announcements Office Australian Securities Exchange 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 issued 407,672,000 fully paid ordinary shares on 24 September 2019 to fund exploration expenditure on the Lynn Lake nickel project, Mt Gilmore cobalt-copper-gold project and for general working capital purposes.

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 securities will fall within the exemption in Section 708A(5) of the Act.

The securities 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:

the provisions of Chapter 2M of the Act as they apply to the Company; and 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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Robert Orr Company Secretary Corazon Mining Limited

Level 2 38 Richardson Street West Perth 6008 Western Australia

PO Box 8187 Subiaco East WA 6008 T: +61 8 6142 6366

admin@corazon.com.au