CANYON RESOURCES LIMITED — Capital/Financing Update 2019

Jul 18, 2019

Market Announcement

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19 July 2019

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Canyon Resources Limited (ASX: CAY) – Trading Halt

Description

The securities of Canyon Resources Limited (‘CAY’) will be placed in trading halt at the request of CAY, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 23 July 2019 or when the announcement is released to the market.

Issued by

Anjuli Sinniah

Senior Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

19 July 2019 ASX Limited

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ASX Code : CAY

ASX Limited Level 40 Central Park 152 - 158 St Georges Terrace PERTH WA 6000

19 July 2019

Via email; tradinghaltsperth@asx.com.au

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DIRECTORS & MANAGEMENT

David Netherway Chairman

Phillip Gallagher Managing Director

Dear Sir

REQUEST FOR A TRADING HALT

Pursuant to ASX Listing Rule 17.1 Canyon Resources Limited (Canyon or the Company) (ASX Code: CAY) requests that an immediate trading halt be put on its securities, pending an ASX announcement.

In accordance with Listing Rule 17.1, the Company advises:

Emmanuel Correia Non-executive Director

Steven Zaninovich Non-executive Director

John Lewis Company Secretary

• a) the reason for the trading halt is to facilitate an orderly market in the Company’s securities pending an announcement in relation to a capital raising;

• b) the trading halt is to last until the earlier of the Company releasing an announcement or the commencement of trade on 23 July 2019;

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CANYON RESOURCES LIMITED

L9/863 Hay street, Perth 6000

P.O Box 7606 Cloisters Square 6850

• c) the Company expects that the trading halt will be ended by the Company making an announcement of the kind referred to above; and

• d) the Company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Please forward any queries, in relation to this request, to undersigned.

P 08 6382 3342 F 08 9324 1502

For and on behalf of the Board

info@canyonresources.com.au canyonresources.com.au

John Lewis

Company Secretary

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ACN 140 087 261 ABN 13 140 087 261