Canyon Copper Closes Sale of Moonlight Property
TSXV: CNC
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Canyon Copper Closes Sale of Moonlight
Property
Vancouver, British Columbia, March 1 3, 201 8 - Canyon Copper Corp. ("Canyon") (TSX -V:
CNC) is pleased to announce that it has completed the sale of the Moonlight Property to Crown
Mining Corp. (“Crown”) . Canyon received an exercise notice from Crown to acquire a 100%
undivided right, title and interest in its Moonlight property (the “Property”) located in Plumas
County in northeast California, USA.
The Property option agreement was entered into with Crown in February 2016 (See press
release dated February 29, 2016) providing Crown with the option to acquire the Property at any
time on or before the 36 -month anniversary of the agreement. Pursuant to the terms of the
agreement, total cash consideration of $37 5,000 was paid by Crown to Canyon along with
2,750,000 shares of Crown. The final payment of $350,000, which is included in the total cash
consideration of $375,000, was paid in escrow on February 26, 2018, and released on Mach 5,
2018, once all of the claims were transferred into Crown’s name.
As announced in Canyon’s news release dated February 26, 2018, Canyon is carrying out a 4
hole diamond drilling campaign on its Bootleg Property, located near Creighton, Saskatchewan,
Canada. The focus of the dril l campaign is to test two high priority gold targets, being the past
producing Newcor and Rio gold mines.
On behalf of the Board of Directors,
“Stephen Wallace”
CANYON COPPER CORP.
Stephen Wallace, President, CEO and Director
Contact: Canyon Copper Corp.
Investor Relations
(604) 331-9326
Cautionary Statement Regarding Forward Looking Information
This News Release may contain, in addition to historical information, forward -looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. These forward -
looking statements are identified by their use of terms and phases such as “believe,” “expect,” “pl an,” “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 dif fer 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, Canyon's ability to implement its proposed drill programs on the Bootleg Project, Canyon’s ability to obtain
additional financing, uncertainty of estimates of mineralized material and other factors which may cause the actual results,
performance or achievements of Canyon to be materially different from any future results, perf ormance or achievements expressed
or implied by such forward-looking statements.
Cautionary Note to U.S. Investors Regarding Estimates of Measured, Indicated and Inferred Resources
This News Release may use the terms “measured”, “indicated” and “inferred ” “resources.” We advise U.S. investors that while
these terms are recognized and required by Canadian regulations, the SEC does not recognize them. “Inferred resources” have a
great amount of uncertainty as to their existence, and great uncertainty as t o their economic and legal feasibility. It cannot be
assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Under Canadian ru les,
estates of “inferred mineral resources” may not form the basis of a feas ibility study or prefeasibility studies, except in rare cases.
The SEC normally only permits issuers to report mineralization that does not constitute “reserves” as in -place tonnage and grade,
without reference to unit measures. U.S. investors are cautio ned not to assume that any part or all of a measured, indicated
or inferred resource exists or is economically or legally mineable.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTU RE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.