CANYON RESOURCES LIMITED — Capital/Financing Update 2014

Feb 26, 2014

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MARKET RELEASE

27 February 2014

Canyon Resources Limited

TRADING HALT

The securities of Canyon Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday, 3 March 2014 or when the announcement is released to the market.

Security Code:

CAY CAYO CAYOA

Elizabeth Harris Principal Adviser, Listings Compliance (Perth)

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Canyon Resources Limited ACN 140 087 261 353 Rokeby Road Subiaco WA 6008

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27 February 2014

Mauro Piccini Adviser ASX Compliance Pty Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Mauro,

REQUEST FOR TRADING HALT

Canyon Resources Limited (Canyon) requests a Trading Halt pursuant to ASX Listing Rule 17.1 pending the release of an announcement regarding a capital raising.

The trading halt will end no later than the commencement of trading on Monday, 3 March 2014.

Canyon is not aware of any reasons why the trading halt should not be granted.

Yours sincerely

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Phillip MacLeod Company Secretary

PO Box 270 West Perth WA 6872 Tel: +61 8 6143 4256 Fax: +61 8 9389 1464 www.canyonresoures.com.au