Canyon Resources Limited announced that it has executed a Cahier de Charges, with the State of Cameroon (‘Agreement’), in relation to the development of the Company's Minim Martap Project (‘Project’). The Agreement was initially proposed by the Ministry of Mines in Cameroon and following negotiation over a number of key points, the Agreement was executed with the Company and the Minister of Mines in Yaounde Cameroon on 17 May 2021. The Agreement confirms Canyon's major obligations and rights in relation to the Project exploration permits and stabilises the Company's position in relation to the Project until the completion of the Mining Convention for the Minim Martap Project. A Mining Convention is the definitive agreement between Canyon and the State of Cameroon regarding all the key rights and obligations for the development of the Project, including the taxation, legal, fiscal, social and environmental obligations of the Project. The agreement was executed in the Ministry of Mines, Yaounde Cameroon by the Minister of Mines, Industry and Technological Development, His Excellency Gabrielle Nodoke and the Managing Director of Canyon Resources Mr. Phillip Gallagher in the presence of the Secretary General and the Director of Mines of the Ministry of Mines of the Ministry of Mines, Industry and Technological Development, and the Director General of Calmalco Cameroon.