CORAZON MINING LIMITED — Director's Dealing 2006

Dec 4, 2006

Appendix 3Z

Rule 3.19A.3

Final 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.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Nathan Bruce McMahon
Date of last notice	30 June 2005
Date that director ceased to be director	4 December 2006

Part 1 - Director's relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

1,074,869 Ordinary Fully Paid Shares

⁺ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

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.

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

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest	Number & class of securities
Securities owned by Kingsreef Pty Ltd, a company in which Mr McMahon has a relevant interest.	175,281 Fully Paid Ordinary Shares
Securities owned by Kingsreef Pty Ltd ATF the NB and DL Family Trust, a company in which Mr McMahon has a relevant interest.	10,000 Fully Paid Ordinary Shares
Securities owned by Kingsreef Pty Ltd ATF the NB and DL Family Trust, a company in which Mr McMahon has a relevant interest	1,000,000 30 cent Options exercisable on or before 30 April 2008.

Part 3 – Director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

$+$ See chapter 19 for defined terms.