CORAZON MINING LIMITED — Director's Dealing 2007

Jan 3, 2007

Rule 3.19A.2

Appendix 3Y

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
IABN	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	30 November 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 (2)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1) Shares owned by Chaldane Pty Ltd, a company in which Mr Thom has a relevant interest.
	Indirect (2) Shares owned by Chaldane Pty Ltd ATF , a company in which Mr Thom has a relevant interest.
Date of change	22 December 2006
No. of securities held prior to change	Indirect (1) 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
Class	\$0.30 cent Options exercisable on or before 31/7/09

⁺ See chapter 19 for defined terms.

Number acquired	Indirect $(2)$ 1,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Indirect (2) Nil
No. of securities held after change	Indirect $(1)$ 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 Indirect (2) 1,000,000 \$0.30 cent Options exercisable on or before 31/7/09
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issued pursuant to shareholder approval at annual general meeting dated 29 November 2006.

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.