CORAZON MINING LIMITED — Regulatory Filings 2007

Sep 20, 2007

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21 September 2007

The Manager Company Announcement Office Australian Stock Exchange Limited

Strong Copper and Gold Results From Yanco Glen, NSW

Graynic Metals Limited (“Graynic” – ASX:GYN) is pleased to announce that following recent rock chip sampling from its Yanco Glen Project in NSW, encouraging results have been received demonstrating the potential for significant gold and copper mineralisation.

	Gold	Copper	Silver
AN001	2.37g/t	1.22%
AN002		3.16%
AN003		2.64%
AN004	-	-
AN005		13.60%
AN006	1.9g/t	14.2%	74g/t
AN007		4.46%

The results were obtained from the Anaconda workings on the Project site. The Yanco Glen Prospect comprises an area of approximately 580sq km and is located 40km north of Broken Hill in eastern New South Wales. The Silver City highway traverses the tenement, and access is further provided by station tracks.

Graynic is excited by the results of the recent rock chip sampling programme and has immediately moved to implement further exploration activities at Yanco Glen as there has been little other detailed evaluation of this mineral-rich belt.

The Yanco Glen prospect has very poorly recorded production information from the extensive and numerous workings. Gold has been mined from numerous shafts and workings exploiting auriferous quartz veins located in the northern part of the licence, with only the Anaconda Mine having been officially recorded. The workings form a continuous trend over 1.9 kilometers striking north-northeast. There are no published production figures and importantly none of the prospects have been drill tested. Likewise copper, lead and zinc have historically been mined in the southern regions of the license but there are no production records are available.

The Yanco Glen lease represents a large strategic stake in the Broken Hill Block. The exploration licence is located in an area regarded as a High-Priority Mineral Region by the New South Wales Department of Primary Industry-Minerals. It is well endowed with a large number of historic mines that have produced a diverse range of commodities.

Graynic Metals Limited ACN : 112 898 825

Suite 5, Level 1, 350 Hay St, Subiaco, Western Australia, 6008. PO Box 935, West Perth, WA, 6872 Phone: 08 6364 0518 Fax: 08 6210 1872

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Geology

The exploration licence encloses units 4, 5, 6, and 7 of the Broken Hill succession overlain to the west by the Adelaide Supergroup. Within the EL these Broken Hill units trend in a north-westerly direction although elsewhere (eg immediately to the south) they are folded and faulted with complex outcrop patterns. The succession consists of medium grade metamorphosed sediments and acid volcanics with later intrusive pegmatites and granite. Typical rocks include biotite schist, biotite sillimanite schist and various other psammites and phyllites. A light-coloured rock unit formerly called the Potosi Gneiss may be a metamorphosed acid volcanic unit.

Graynic Metals Limited ACN : 112 898 825 Suite 5, Level 1, 350 Hay St, Subiaco, Western Australia, 6008. PO Box 935, West Perth, WA, 6872 Phone: 08 6364 0518 Fax: 08 6210 1872

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Tin and Tungsten Exploration

In 2006 Graynic completed a 2100m RC drilling program comprising 19 holes to infill the Tungsten mineralization that had previously been identified by CRAE. Upon completion of this Graynic commissioned an independent resource estimate, calculated by Ravensgate Pty Ltd in September 2006, and this was stated as 0.83Mt @ 0.21% WO3 in the Inferred Mineral Resource category.

In February 2007 Graynic transferred its interest in the tin and tungsten potential on the Yanco Glen prospect to Wolf Minerals Limited (“Wolf” - ASX:WLF) in exchange for 2 million Wolf shares.

Enquiries:

Bronwyn Barnes Managing Director 08 6364 0518 0417 093 256

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves was compiled by Mr. Geoff Willetts, who is a member of the AusIMM. Mr. Willetts 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’. Geoff Willetts, who is an employee of Graynic Metals Ltd, consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

About Graynic Metals Limited

Graynic Metals Ltd is committed to increasing shareholder wealth through the acquisition, exploration and development of base metal mineral resources throughout Australia. The Company has key project areas in Western Australia and New South Wales within mineral provinces that have demonstrated copper, lead, zinc, nickel and gold mineralisation.

Current exploration targets include locating additional high grade resources adjacent to existing resources, testing of historic workings, drill testing of significant surface geochemical anomalies and the drilling of obvious strike and depth extensions of existing anomalous drilling intersections. Each project area has a significant land position which allows for further growth opportunities should exploration be successful.

Graynic Metals Limited ACN : 112 898 825

Suite 5, Level 1, 350 Hay St, Subiaco, Western Australia, 6008. PO Box 935, West Perth, WA, 6872 Phone: 08 6364 0518 Fax: 08 6210 1872