CORAZON MINING LIMITED — Capital/Financing Update 2019

Jul 9, 2019

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Company Announcements Australian Securities Exchange Limited Level 40, Central Park, 152-158 St Georges Terrace PERTH, WA 6000

Dear Sir/Madam

Corazon closes Share Purchase Plan

Corazon Mining Limited ( Corazon or Company ) (ASX: CZN) advises that the Share Purchase Plan ( SPP or Plan ) being undertaken has closed.

Eligible shareholders have applied for $414,000 under the SPP, with PAC Partners Securities Pty Ltd ( PAC Partners ) completing a partial underwriting of the Plan for $86,000, enabling the Company to raise a total of $500,000.

Issue of the new securities under the SPP, together with the securities issued under the Placement (announced on 3 April 2019) is scheduled for 10[th] July 2019. The new shares issued will rank equally with the existing Corazon fully paid ordinary shares. The Company is seeking quotation of the options that will be issued under the SPP and the Placement.

Corazon is now working with PAC Partners, who are the Lead Managers to the SPP to place the shortfall of the SPP ( Shortfall Placement ), to enable the Company to raise up to a further $500,000.

The Shortfall Placement offers investors the right to acquire shares in the Company ( Shares ) at an issue price of $0.003 per Share. Participants will also be issued two (2) free options for every three (3) Shares acquired, on the same terms as the options issued under the SPP.

Investors wishing to participate in the Shortfall Placement should contact the Company on the details in the footer below, or

PAC Partners Attn Brooke Picken bpicken@pacpartners.com.au Phone (03) 8633 9834.

Sincerely,

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Brett Smith Managing Director

Level 2, 38 Richardson St, West Perth, W.A. 6005 | PO Box 8187, Subiaco East, W.A. 6008 Ph: +61 (8) 6142 6366 | info@corazon.com.au | www.corazon.com.au | ASX: CZN

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