CORAZON MINING LIMITED — Regulatory Filings 2006

Apr 27, 2006

Level 2, 22 Oxford Close WEST LEEDERVILLE WA 6872 T: +61 8 9381 1436 F: +61 8 9381 1068 PO Bos 1681 WEST PERTH WA 6872 www.graysicmerais.com.au

ASX release: 28 April 2006 FOR IMMEDIATE RELEASE TO THE MARKET

OUTSTANDING ZINC INTERSECTION AT QUARTZ CIRCLE

Recent RC drilling at the Company's Quartz Circle base metal project near Nullagine WA has intersected 52m @ 4.3% Zn, including 8m @ 8.2% Zn, 4m @ 5.8% Zn and 12m @ 5.2% Zn in drill hole GM 21 from 48m.

This hole, collared about 200m north of the historic Emperor zinc prospect, was drilled beneath a gossan which assaved 2.9% Zn. The gossan was discovered last year during geological mapping which identified a new zone of potential extending northwards for 500m from the Emperor prospect. This zone contains the classic rock assemblage of a volcanic-hosted massive sulphide (VMS) deposit including agglomerate, tourmaline-exhalite, strongly altered rocks and scattered gossan.

This exciting discovery of 52m of continuous zinc mineralization is confirmation of the importance of this new zone. Moreover, the discovery of a hitherto unrecognized and untested gossan so near a prospect which has been intensively drilled over several decades emphasizes the opportunity which still exists to discover a major base metal deposit in this area.

The aeromagnetics and radiometrics survey flown for Graynic in December gave excellent results on the project scale but more detailed targeting is now required. Various geophysical techniques are under consideration to pinpoint targets at the Emperor prospect as well as within the larger Quartz Circle area.

More information can be found in our Quarterly Report for March 2006 and on our website www.graynicmetals.com.au.

Ron Thom Managing Director 28 April 2006

DISCLAIMER

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves was compiled by R Thom, who is a Member of the AusIMM. R Thom has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. R Thom, who is an employee of Graynic Metals, consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.