CANYON RESOURCES LIMITED — Share Issue/Capital Change 2018

Sep 19, 2018

www.canyonresources.com.au

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20 September 2018

NOTIFCATION UNDER SECTION 708A(5)(E)

On 19 September 2018 Canyon Resources Limited (“ CAY ” or “the Company”) issued 2,433,333 fully paid Ordinary Shares. These Shares were included in an Appendix 3B announcement to the Australian Stock Exchange (“ASX”) lodged on 20 September 2018.

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

Level 9, 863 Hay Street Perth WA 6000 | PO Box 270, West Perth WA 6872 Tel: +61 8 6382 3342 | Fax: +61 8 9324 1502 Email: pgallagher@canyonresources.com.au | Website: www.canyonresources.com.au