CORAZON MINING LIMITED DISCLOSURECurrent Reports (8-K / ad hoc)

Feather Cap option exercised

corazon.com.au 1 ASX:CZN ASX:CZN corazon.com.au ABN 87 112 898 825 Level 2, 41 Colin St, West Perth WA 6005 P +61 8 6166 6361 E [email protected] ASX Announcement 7 October 2026 Corazon Moves to 80% Ownership of Feather Cap After High-Grade Wembley Drilling Highlights • Corazon has exercised its exclusive option to acquire an 80% interest in the Feather Cap Gold Project, converting its option into a controlling, long-term interest. • The decision follows maiden RC drilling at the Wembley prospect, which confirmed and extended shallow, high-grade gold along the historic Wembley Line, with standout intercepts including1: o 4 m @ 10.60 g/t Au from 66 m (26FRC010); o 4 m @ 9.20 g/t Au from 65 m (26FRC004); o 2 m @ 5.70 g/t Au from 64 m (26FRC003), and 2 m @ 1.46 g/t Au from 79 m; o 4 m @ 2.84 g/t Au from 68 m (26FRC002) • The best intercept (26FRC010) sits approximately 60m east of historic drilling, and the mineralised structure remains open at depth, pointing to scale beyond the historic footprint. • Historical drilling at Wembley returned 7m @ 6.21 g/t Au from 6m (WLRD10), while historical drilling at Jigsaw/Durack East, along strike from Great Boulder Resources’ Durack deposit, returned 20m @ 3.01 g/t Au from 40m (JR60). • Feather Cap complements the resource-stage Chalice Gold Project (191,000oz JORC MRE) and the district-scale Two Pools discovery opportunity, giving Corazon multiple, independent drilling catalysts across three established WA gold provinces. • Staged consideration and a clear pathway to 100% with $600,000 payable on joint venture commencement and $1 million deferred for up to four years, with RBH’s 20% interest converting to a 3.5% net smelter royalty at final investment decision. • Follow-up drilling at Wembley is being designed to test strike and depth extensions, with the objective of supporting an initial Exploration Target and a potential maiden MRE. Corazon Mining Limited (ASX: CZN) (“Corazon” or the “Company”) is pleased to announce that its wholly owned subsidiary, Fast Greens Pty Ltd (Fast Greens), has exercised its option to acquire an 80% interest in the Feather Cap Gold Project (Feather Cap or the Project) from RBH Mining Pty Ltd (RBH). The exercise converts Corazon’s October 20252 option into a controlling, long-term interest, securing the Company’s position at Feather Cap alongs