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SCLT.V ·

Canyon Copper Corp. Changes Name to Searchlight Resources Inc.

Corporate Actions

TSXV: SRCH

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

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

Canyon Copper Corp. Changes Name to

Searchlight Resources Inc.

Vancouver, British Columbia, July 27, 2018 - Canyon Copper Corp. ( the "Company") (Old

Symbol: TSX-V CNC, New Symbol: TSX -V: SRCH) announces that it has changed its name

too “Searchlight Resources Inc.” and its common shares will be trading under the new trading

symbol “SRCH” on July 27, 2018. The Company elected to change its name to better reflect its

focus on gold, cobalt and base metal projects located in Saskatchewan, Ontario and Nevada.

The Company’s new website is www.searchlightresources.com .

About Searchlight Resources Inc.

Searchlight Resources Inc. (“Searchlight” or the “Company”) is professional mineral exploration

and development company listed on the Toronto Venture Exchange (TSXV). The company is

active with mineral exploration projects in Saskatchewan, Ontario and Nevada, three of the top

seven jurisdictions in the world for mining investment as ranked by the Fraser Instit ute. The

Company holds a portfolio of gold, cobalt and base metal projects from grassroots stage to

advanced exploration and NI43-101 resource development.

Saskatchewan – Gold and Base Metals

The Bootleg Lake project is 16,900 hectares of claims in Saska tchewan covering prospective

areas of the Flin Flon Greenstone belt. Exploration is being carried out at the past producing

Newcor, Rio (Bootleg) and Henning Maloney Gold mines located approximately 5 kilometres

from Creighton Saskatchewan and less than 10 kilometres from the Hudbay 777 mine located in

Flin Flon, Manitoba.

In addition, the Bootleg Lake claims hold Volcanogenic Massive Sulphide (VMS) base metal

potential with claims adjacent to the Hudbay Mines claims hosting the producing 777 base metal

and gold mine in Flin Flon and the four past producing base metal mines, Flexar, Birch Lake,

Amisk and Coronation.

Ontario – Copper, Cobalt, Nickel & Gold

1) The Munro Warden project is an early stage exploration prospect targeting VMS copper,

nickel and cobalt within the Kidd- Munro assemblage of the Abitibi Greenstone Belt. The

project covers 1,100 hectares including 9 mining lease and 11 claims blocks located

approximately 90 kilometres east of Timmins, Ontario.

2) The Samuels Lake project is an advanced explo ration prospect targeting copper, cobalt

and nickel hosted in a mafic intrusive located approximately 200 kilometres west of

Thunder Bay, Ontario.

3) The Cameron project is a grassroots cobalt, gold exploration prospect located 25

kilometres southwest of Cobalt, Ontario with the highly prospective Cobalt Embayment

Nevada - Copper

Searchlight’s Nevada project New Yo rk Canyon hosts two copper deposits in the Walker Lane

Structural Belt located in western Nevada. The Long Shot Ridge skarn deposit with a 2010

NI43-101 resource estimate and the Copper Queen porphyry deposit drilled out by Conco in the

1970’s.

On behalf of the Board of Directors,

“Stephen Wallace”

SEARCHLIGHT RESOURCES INC.

Stephen Wallace, President, CEO and Director

Contact: Searchlight Resources Inc.

Investor Relations

(604) 331-9326

[email protected]

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on

assumptions as of the date o f this news release. These statements reflect management’s

current estimates, beliefs, intentions and expectations. They are not guarantees of future

performance. The Company cautions that all forward looking statements are inherently

uncertain and that actual performance may be affected by a number of material factors, many of

which are beyond the Company’s control. Such factors include, among other things: risks and

uncertainties relating to the Company’s limited operating history and the need to comply w ith

environmental and governmental regulations. Accordingly, actual and future events, conditions

and results may differ materially from the estimates, beliefs, intentions and expectations

expressed or implied in the forward looking information. Except as required under applicable

securities legislation, the Company undertakes no obligation to publicly update or revise

forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS

THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.