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Canyon Announces Completion of Share Consolidation

Corporate Actions

TSXV: CNC

Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1

TEL (604) 331-9326 • FAX (604) 684-9365

CANYON ANNOUNCES COMPLETION OF SHARE CONSOLIDATION

VANCOUVER, BC, August 16, 2017.

Canyon Copper Corp. (“Canyon” or the “Company”) (TSX-V: CNC) announces that it has consolidated its issued

and outstanding common shares at a ratio of three (3) pre -consolidated common shares to one (1) post -

consolidation common share (the “Consolidation”). The purpose of the Consolidation was to facilitate the

Company’s ability to attract future financings, generate greater investor interest and improve trading liquidity.

As a result of the Consolidation, t he Company’s 19,759,802 pre-Consolidation common shares were consolidated

to 6,586,601 post-Consolidation common shares issued and outstanding.

Registered shareholders of the Company will receive new share certificates under the new CUSIP number, which

is 138763602.

On behalf of the Board of Directors,

“Stephen Wallace”

CANYON COPPER CORP.

Stephen Wallace, CEO

Contact:

Canyon Copper Corp.

Investor Relations

1-888-331-9326

(604) 331-9326

(604) 684-9365 (FAX)

[email protected]

Cautionary Statement Regarding Forward Looking Information

This News Release may contain, in addition to historical information, forward -looking statements. These forward -looking statements are

identified by their u se of terms and phases such as “ believe,” “expect,” “ plan,” “anticipate” and similar expressions identifying forward -looking

statements. Investors should not rely on forward -looking statements because they are subject to a variety of risks, uncertainties and other

factors that could cause actual results to differ materially from Canyon's expectations, and expressly does not undertake any duty to update

forward-looking statements. These factors include, but are not limited to the following, limited operating history, proposed exploration and/or

drill programs and other factors which may cause the actual results, performance or achievements of Canyon to be materially different from any

future results, performance or achievements expressed or implied by such forward-looking statements.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS

DEFINED IN THE POLICIES OF THE TSX VENTURE EXCH ANGE) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS RELEASE.