Attached is a Form 604 change report to be lodged with the ASX today for Canyon Resources Limited by Goodman & Company, Investment Counsel Ltd.

Thanks for your help.

Rgds, Marlowe

Ms. Marlowe Hanlen, Compliance Officer, Code of Ethics Goodman & Company, Investment Counsel Ltd. One Adelaide Street East, 21st Floor Toronto, Ontario M5C 2V9 Tel.: 416-365-2584/Internet Fax: 647-776-7721/Email: [email protected] ****************

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One Adelaide Street East 21^st Floor Toronto, Ontario M5C 2V9

Tel: (416) 365-2584 (416) 865-3463 Fax:

Goodman & Company, Investment
Counsel Ltd.

$\Box$ Urgent	$\Box$ For Review		Please Reply
Re:	Form 604 - Canyon Resources Limited
Phone:			Date: August 25, 2011
Fax:	612-9778-0999 or 612-9347-0005	Pages: $1 + 3$
	Company: Australian Stock Exchange
	Company Announcements Office
To.			From: Marlowe Hanlen

• Comments:

Attached is a Form 604 for Canyon Resources Limited to be lodged with the ASX today on behalf of Goodman & Company, Investment Counsel Ltd.

Thank you for your assistance.

welen

Marlowe Hanlen (Ms.), Compliance Officer Goodman & Company, Investment Counsel Ltd. Tel.: 416-365-2584 (direct) Internet Fax: 647-776-7721 (compliance) Email: [email protected]

$m_h$ Attachment

604 page 1 of 2 February 15, 2007

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	CANYON RESOURCES LIMITED
ACN/ARSN	13 140 087 261
1. Details of substantial holder (1)
Name	Bank of Nova Scotia and each of its associates/affiliates listed in Annex A

	N/A
There was a change in the interests of the
substantial holder on	08 / 18 / 2011

ACN/ARSN (if applicable) The previous notice was given to the company on	08/15/2011

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Present notice Class of securities (4) Previous notice Person's votes Voting power (5) Person's votes Voting power (5) 4,585,591 3,935,591 8.74% undiluted 10.15% undiluted Ordinary Fully Paid

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
Aug. 18, 2011	Goodman & Company, Investment Counsel Ltd.	In-market acquisitions	Average share price was AUD 0.411908	650.000 Ordinary fully paid	650.000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Goodman & Company, Investment Counsel Ltd.	G&C, in its capacity as trustee and manager of various mutual funds has the power to control the voting and/or disposal of the securities and holds the securities for investment purposes	Unknown		Ordinary fully paid 4,585,591	4,585,591

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Goodman & Company, Investment Counsel Ltd.	Body corporate controlled by Bank of Nova Scotia

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Bank of Nova Scotia	40 King Street West, Toronto, Ontario, Canada M5H 3Y2
	Goodman & Company, Investment Counsel Ltd. 29 ^th Floor, 1 Adelaide Street East, Toronto, Ontario M5C 2V9

Signature

If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or $(1)$ the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
The voting shares of a company constitute one class unless divided into separate classes. $(4)$
The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
$(6)$ Include details of:
any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection $(a)$ 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting $(b)$ powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(7)$ acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write $(8)$ "unknown".
Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

604 page 1 of 2 February 15, 2007

ANNEXURE A

Associates

This company is a fully-owned affiliate of Bank of Nova Scotia under section 9 of the Corporations Act by virtue of being a related corporate body of Goodman & Company, Investment Counsel Ltd.

Goodman & Company, Investment Counsel Ltd.

This is the annexure of 1 page marked A referred to in Form 604: Notice of Change of Interests of Substantial Holder signed by me.

Jeff Carris,

Vice/President, Compliance & Administration, Investment Counsel of Goodman & Company, Investment Counsel Ltd. (a fully-owned affiliate of the Bank of Nova Scotia)

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