CORAZON MINING LIMITED — Director's Dealing 2005

Dec 6, 2005

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Graynic Metals Limited
ABN	87 112 898 825

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ronald Thom
Date of last notice	26 October 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect: Shares owned by Chaldane Pty Ltd, a company in which Mr Thom has a relevant interest.
Date of change	6 December 2005
No. of securities held prior to change	Indirect: 524,000 Ordinary Fully Paid Shares 262,000 \$0.20 cent Option exercisable on or before 31/10/07
Class	\$0.30 cent Options exercisable on or before 31/10/08
Number acquired	Indirect: 1,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Indirect: nil

⁺ See chapter 19 for defined terms.

No. of securities held after change	Indirect: 524,000 Ordinary Fully Paid Shares 262,000 \$0.20 cent Option exercisable on or before 31/10/07 1,000,000 \$0.30 cent Options exercisable on or before 31/10/08
Nature of change	Issued pursuant to shareholder approval at
Example: on-market trade, off-market trade, exercise of options, issue of	annual general meeting dated 30 November
securities under dividend reinvestment plan, participation in buy-back	2005.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation. to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation.
Interest after change

$+$ See chapter 19 for defined terms.

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Graynic Metals Limited
ABN	87 112 898 825

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ivan Hoffman
Date of last notice	28 October 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Owned by Blackstone Holdings Pty Ltd, a company in which Mr Hoffman has a relevant interest.
Date of change	6 December 2005
No. of securities held prior to change	Nil
Class	\$0.30 cent Options exercisable on or before 31/10/08
Number acquired	Indirect: 1,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Indirect: nil
No. of securities held after change	Indirect 1,000,000 \$0.30 cent Options exercisable on or before $31/10/08$

⁺ See chapter 19 for defined terms.

Nature of change	Issued pursuant to shareholder approval at
Example: on-market trade, off-market trade, exercise of options, issue of	annual general meeting dated 30 November
securities under dividend reinvestment plan, participation in buy-back	2005.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation.
Interest after change

$+$ See chapter 19 for defined terms.