CANYON RESOURCES LIMITED — Director's Dealing 2017

Jan 9, 2017

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

(Amendment of notice released to the ASX 9 January 2017)

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Canyon Resources Limited ACN 140 087 261

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	DavidNETHERWAY
Date of last notice	21 December 2016

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Indirect –Director of CompanyZero Nominees Pty Ltd
Date of change	9 January 2017
No. of securities held prior to change	Zero Nominees Pty Ltd2,469,047 ordinary shares1,111,111 listed options exercisable at $0.06 expiring31/01/2017342,857 unlisted options exercisable at $0.06 expiring29/09/20172,500,000 Performance SharesDavid Netherway1,500,000 unlisted options exercisable at $0.068 expiring22/02/20172,000,000 unlisted options exercisable at $0.07 expiring30/09/2018

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

	Class	Class	Class	Class	Class	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares
	Number acquired					1,111,111 shares following exercise of listed options with
						an expiry date of 31 January 2017 and exercise price of
						$0.06
	Numbe	r disposed				Nil
	Value/	Considerati	on
	Note: If covaluation	nsideration is no	n-cash, provide	details and estimat	ed	$66,66	6.66
	No of	ecurities h	ld after c	ane		Zero	ominees	Pt Ltd
	. g					y
						3,580,158 ordinary s			ares
						342,857 unlisted options exercisable at $0.06 expiring
						29/09/2017
						2,500,000 Performan			ce Shares
						David Netherway100000 lid			i ibl 0068 ii
						,5, unste op22/02/2017			tons exercsae at $. exprng
						2,000,000 unlisted op30/09/2018			tions exercisable at $0.07 expiring
	Nature of chane
	gExample: on-market trade, off-market trade, exercise of options,					Exercise of Listed Op			tions
	issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	n/a
Nature of interest	n/a
Name of registered holder(if issued securities)	n/a
Date of change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to which	n/a
interest related prior to change
Note: Details are only required for a contract in relation to
which the interest has changed
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration	n/a
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	n/a

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or	No
contracts detailed above traded during a
+closed period where prior written
clearance was required?
If so, was prior written clearance	N/a
provided to allow the trade to proceed
during this period?
If prior written clearance was provided,	N/a
on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002