Canyon Resources Limited advised that as part of its transition from explorer to developer at its 100% owned Minim Martap Project in Cameroon, the Company has undertaken a process of Board refreshment to better position the Company for its next stage of growth. Accordingly, Mr. Cliff Lawrenson and Mr. Steven Zaninovich have provided notice to the Company of their resignations as Non-executive Directors of the Company, effective immediately. In their place, the Company has appointed experienced mining and bauxite, and alumina executives Mr. Mark Hohnen as Non-executive Chairman and Mr. Scott Phegan as a Non-executive Director.

Mr. Hohnen has been involved in the mineral resource sector since the late 1970s and has extensive international business experience in a wide range of industries including mining and exploration, property, investment, software and agriculture. Mr. Hohnen has served as Non-executive Chairman of Boss Resources Ltd., and was also a director of Kalahari Minerals and Extract Resources, having successfully negotiated the sale of both companies to Taurus Minerals Ltd. Mr. Hohnen is currently Non-executive Chairman of Parabellum Resources Limited. Mr. Phegan has held multiple technical, project, strategic and executive roles within the bauxite and alumina industries over a 30-year international career with Alcoa.

In his capacity as Global Director for Process Design and Development, he was responsible for design and commissioning of multibillion-dollar refining expansions and refining development projects in Australia, Middle East, Brazil, Guinea, Ghana, Jamaica and Vietnam. Mr. Phegan is intimately familiar with the bauxite industry supply lines, customers, and mining practices in relation to alumina refining and project development, as well as the bauxite business development pathway having supported customer development activities in China and Vietnam over several years. His experience extends across the full project execution lifecycle from study phases through to construction, commissioning and operations.