CANYON RESOURCES LIMITED — Capital/Financing Update 2017

Sep 13, 2017

www.canyonresources.com.au

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14 September 2017

NOTIFCATION UNDER SECTION 708A(5)(E)

On 14 September 2017 Canyon Resources Limited (“ CAY ” or “the Company”) issued 1,975,000 fully paid Ordinary Shares. These Shares were included in an Appendix 3B announcement to the Australian Stock Exchange (“ASX”) lodged on 14 September 2017.

The Company gives notice pursuant to Section 708A(5)(e) of the Corporations Act that:

1. The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

2. The Company, as at the date of this Notice, has complied with:

   • (a) the provisions of Chapter 2M of the Act as they apply to the Company;

   • (b) Section 674 of the Act.

3. As at the date of this Notice, there is no information:

   • (c) that has been excluded from a continuous disclosure notice in accordance with the ASX listing rules; and

   • (d) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

     • the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • the rights and liabilities attaching to the Shares

Yours Faithfully

Robert Marusco Company Secretary

353 Rokeby Rd Subiaco WA 6008 | PO Box 270, West Perth WA 6872 Tel: +61 8 61434256 | Mob: +61 (0) 417 980 690 | Fax: +61 8 9324 1502 Email: pgallagher@canyonresources.com.au | Website: www.canyonresources.com.au