Support from Saskatchewan Government for Exploration in Creighton Saskatchewan Area
TSXV: CNC
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Support from Saskatchewan Government for
Exploration in Creighton Saskatchewan Area
Saskatchewan Mineral Development Strategy Targets Canyon Copper’s
Exploration Areas South West of Creighton, Saskatchewan
Updated Airborne Geophysical Survey, preparation underway
Plans for partial Government rebate of drilling expenses
Vancouver, British Columbia, April 26, 2018 - Canyon Copper Corp. ("Canyon" or the
“Company”) (TSX-V: CNC) is pleased to share news that the Government of Saskatchewan is
creating a 4-year Mineral Development Strategy that targets Canyon Copper’s exploration areas
south west of Creighton, Saskatchewan and Flin Flon, Manitoba. This is an area that the
Government of Saskatchewan states that it holds high potential for base metals, precious metals
and diamonds. The Company has been informed by letter from the Government of
Saskatchewan of the planned initiative. Follow link below:
https://www.canyoncc.com/site/assets/files/3716/ccc_sask_mineral_development_strategy_letter.pdf
The focus of this intuitive is on exploration, including targeted geophysical surveys, geoscience
work by the Saskatchewan Geological Survey and a mineral exploration incentive aimed at
exploration activities, particularly drilling. A key emphasis of the strategy will be to encourage
base metal exploration in the Creighton-Denare Beach area, which has had a long history of
base metal mining and processing.
Canyon now holds a total of 7,280 hectares south west of Flin Flon, Manitoba and Creighton,
Saskatchewan within the Flin Flon Greenstone Belt. This is an area of renewed mineral
exploration interest with the Federal and Saskatchewan governments signing an agreement in
December 2017 worth approximately $2million to conduct an airborne geophysical survey
southwest of Creighton. ( http://www.cbc.ca/news/canada/saskatoon/creighton-mine-exploration-
flin-flon-1.4512485 )
This airborne geophysical portion of the Mineral Development Strategy is underway with the
beginning of the tendering process to determine which companies or providers will conduct the
survey. It is expected the details of the Mineral Exploration incentive including a partial rebate of
drilling expenditures will be outlined in the near future. ( http://www.thereminder.ca/news/local-
news/tenders-out-for-sask-mine-exploration-initiative-1.23208516 )
In 2018, the Fraser Institute Annual Survey of Mining Companies ranked Saskatchewan the 2nd
most attractive jurisdiction in the world for mining investment.
Stephen Wallace, President and CEO of Canyon stated, “Canyon Copper agrees with the high
ranking of Saskatchewan by the Fraser Institute. Since the Company began working in
Saskatchewan in May 2017 the support by the Saskatchewan Government has been first class.
And the Mineral Development Strategy reinforces the benefits of exploration and mine
development in Saskatchewan.”
Canyon Copper Claims South West of Creighton and Flin Flon
Drilling Update
In March 2018 Canyon completed a 4-hole diamond drill program totaling 1,446 metres with
three drill holes completed at the past producing Rio mine and one at the past producing Newcor
mine. Drill logging and sampling is underway and initial results are expected in the first half of
May 2018.
International Mining Investment Conference
Canyon Copper is also pleased to announce the Company will be exhibiting at the International
Mining Investment Conference taking place May 15-16 in Vancouver at the Vancouver
Convention Centre East.
Qualified Person
Stephen Wallace PGeo is the Company's designated Qualified Person within the meaning of
National Instrument 43-101 and has reviewed and approved the technical information contained
in this news release.
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 amend ed. These forward-looking statements are
identified by their use of terms and phases such as “believe,” “expect,” “plan,” “anticipate” and similar expressions identif ying 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 in clude, 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, performance 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 recog nize them. “Inferred resources” have a great amount of uncertainty as
to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any p art of an “inferred mineral
resource” will ever be upgraded to a higher category. Under Canadian rules, estates of “inferred mineral resources” may not form the basis of a
feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permits issuers to report mineraliz ation that does no t
constitute “reserves” as in-place tonnage and grade, without reference to unit measures. U.S. investors are cautioned not to assume that any
part or all of a measured, indicated or inferred resource exists or is economically or legally mineable.
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