CORAZON MINING LIMITED — Share Issue/Capital Change 2026

Apr 8, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

CORAZON MINING LIMITED

Date of this announcement

Thursday April 09, 2026

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Performance Rights - Employee Incentive Security	896,848	10/04/2026
to be confirmed	Plan various milestones

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

CORAZON MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ABN 87112898825

1.3 ASX issuer code

CZN

1.4 The announcement is

New announcement

1.5 Date of this announcement

9/4/2026

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities issued under an +employee incentive scheme

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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed Performance Rights - Employee Incentive Security Planvarious milestones+Security type ISIN codeOtherDate the +securities the subject of this notification were issued10/4/2026Will all the +securities issued in this class rank equally in all respects from their issue date?YesWere any of the +securities issued to +key management personnel (KMP) or an +associate?NoPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive schemeor a summary of the terms-https://corazon.com.au/wp content/uploads/2025/10/20251024_CZNNoM.pdfAny other information the entity wishes to provide about the +securities the subject of this notificationThe Performance Rights are issued under the Company Employee Incentive Security Plan and will convert to shares fornil consideration subject to achieving various vesting milestones and receipt of a conversion notice. The PerformanceRights will expire on 10 April 2028.----- End of picture text -----

Issue details

Number of +securities

896,848

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
CZN : ORDINARY FULLY PAID	73,562,023
CZNOA : OPTION EXPIRING 31-DEC-2027	13,103,238
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted	on ASX)
	Total number of
ASX +security code and description	+securities on issue
CZNAA : OPTION EXPIRING 18-AUG-2026 EX $0.70	105,347
CZNAB : OPTION EXPIRING 30-JUN-2027 EX $0.50	1,127,759
CZNAX : PERFORMANCE RIGHTS	7,500,000
CZNAY : OPTION EXPIRING 13-OCT-2030 EX NIL	9,100,000
CZNAZ : OPTION EXPIRING 13-OCT-2028 EX $0.20	1,000,000
New class - code to be confirmed : Performance Rights - Employee Incentive Security Plan	896,848
various milestones

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

9

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