CANYON RESOURCES LIMITED — Share Issue/Capital Change 2017

Oct 17, 2017

www.canyonresources.com.au

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18 October 2017

NOTIFCATION UNDER SECTION 708A(5)(E)

On 5 & 18 October 2017 respectfully Canyon Resources Limited (“ CAY ” or “the Company”) issued 36,824,738 and 6,740,477 fully paid Ordinary Shares. These Shares were included in an Appendix 3B announcement to the Australian Stock Exchange (“ASX”) lodged on 5 & 18 October 2017 respectfully.

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

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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