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Canyon Grants Stock Options

Share Capital & Compensation

TSXV: CNC

Canyon Grants Stock Options

Vancouver, British Columbia, September 29, 2017 - Canyon Copper Corp. ("Canyon") (TSX -

V: CNC) announces that it has granted 1, 525,000 stock options to officers, directors and

consultants of Canyon. The options were granted for a period of 5 years, expiring on September

29, 2022, and each stock option will allow the holder to purchase a common share of Canyon at

an exercise price of $0.20.

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

[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 use 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 dr ill 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 V ENTURE 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.