CAU Canyon Resources Corp

GOLDEN, Colo., July 13 /PRNewswire-FirstCall/ -- Canyon Resources Corporation (AMEX:CAU), a Colorado-based mining company announced completion this week of a Technical Report on its Briggs Mine Project in Inyo County, California, detailing a current estimate of the mineralization at the property. This is an estimate of the currently known in-situ mineralization in the Briggs deposit within the current mine permit boundary and does not include satellite deposits such as Jackson and Cecil R. Total in-situ mineralized material in all classifications is estimated to be at 23.6 million tons at a grade of 0.023 ounces of gold per ton utilizing a cut-off-grade of 0.010 ounces per ton. The estimate does not currently represent an economic reserve as a mining plan has not been developed although it is in process. The estimate, however, would qualify as a Resource under Canadian (CIM Definition Standards) guidelines. Included in this estimate are the results of our 2006, 61 hole drilling program, which successfully upgraded the confidence levels of the in-situ mineralized material. Estimate of In-Situ Mineralization at the Briggs Mine Classification Cut-off Volume Density Tonnage Au Grade (oz Au/t) (Cuft/1000) (T / cuft) (Tons/1000) (oz Au/t) Measured 0.010 71,749 0.082 5,883 0.024 Indicated 0.010 162,564 0.082 13,330 0.022 Measured + Indicated 0.010 234,313 0.082 19,214 0.022 Inferred 0.010 53,241 0.082 4,366 0.023 "The results of this study validate our belief in the ongoing potential of the Briggs Mine," states James Hesketh, President & CEO. "We are currently in the process of developing mine plans for the site to determine the potential economic reserve. In addition, we are conducting plant re-start tests on our crushing facilities and have engineering studies underway to provide cost estimates and designs for leach pad expansion. For the high grade zone outlined in recent drilling, results previously disclosed by the Company, our first step is to determine which portions of this zone can be included into potential open pit designs and which portions remain for potential underground development. We anticipate that the deeper high grade zone, which still remains open for extension, will require additional drilling for potential underground mine design. This drilling is being planned as part of a Phase II program being contemplated for later this year. We are focused on our goal of re-starting mining at Briggs by early 2007." For additional information on Canyon Resources and to access the full content of this Technical Report, please visit our website at http://www.canyonresources.com/. This Technical Report was written by John D. Taylor, Consulting Geologic Engineer, Registered Professional Engineer, State of Arizona, as Qualified Person. Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this report, such as "measured", "indicated" and "inferred", "resources", that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. This press release includes "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. Such forward-looking statements include, among others, feasibility studies for the Briggs and Reward projects, mineralized material estimates, drilling capability and the potential reopening or expansion of the Briggs Mine. Factors that could cause actual results to differ materially from these forward-looking statements include, among others: the volatility of gold prices; potential operating risks of mining, development and expansion; the uncertainty of estimates of mineralized material and gold deposits; and environmental and governmental regulations; availability of financing; the outcome of litigation, as well as judicial proceedings and force majeure events and other risk factors as described from time to time in the Company's filings with the Securities and Exchange Commission. Most of these factors are beyond the Company's ability to control or predict. FOR FURTHER INFORMATION, CONTACT: James Hesketh, President and CEO (303) 278-8464 Valerie Kimball, Investor Relations (303) 278-8464 http://www.canyonresources.com/ DATASOURCE: Canyon Resources Corporation CONTACT: James Hesketh, President and CEO, or Valerie Kimball, Investor Relations, both of Canyon Resources Corporation, +1-303-278-8464 Web site: http://www.canyonresources.com/

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