CAU Canyon Resources Corp

GOLDEN, Colo., July 9 /PRNewswire-FirstCall/ -- Canyon Resources Corporation (AMEX:CAU), a Colorado-based mining company, is pleased to announce that it has commissioned Chlumsky, Armbrust and Meyer LLC (CAM) of Lakewood, Colorado, to conduct final engineering and feasibility study work on its Reward gold project located near Beatty, Nevada. This study will develop project economics and a reserve estimate while providing a blueprint for project development. This feasibility study follows a positive pre-feasibility study conducted for the project in January 2006 and a report showing a significant increase in mineralized material completed in May 2007. Many of the components of this study have already been completed or are in process including: heap leach pad design, electrical supply, water supply, geotechnical study and additional metallurgical test work. The project concept for Reward is development by conventional open pit mining methods and standard crushing and heap leach technology for gold recovery. Leach solutions would be circulated through activated carbon, concentrating the gold. This loaded carbon would then be transported to either Canyon's Briggs Mine in California or to a third party gold facility for production of gold dore for sale or shipment to a third party refiner. "We are very pleased to advance Reward towards final feasibility study and reserve declaration. Our expectation for this project is a positive feasibility study that shows significant cash flow generation potential," states James Hesketh, President & CEO. The permitting process for Reward is also going smoothly and is well advanced. A Plan of Operations has been submitted to the Las Vegas Field Office of the Bureau of Land Management (BLM) and found to be complete. The BLM has completed internal scoping and Canyon has contracted preparation of an Environmental Assessment to support the BLM's NEPA review. Archeological and biologic assessment studies are being expanded to fill in gaps left by prior studies. Applications for a Water Pollution Control Permit and a Reclamation Permit have been submitted to the Nevada Division of Environmental Protection. The Division has determined the applications are complete and Canyon is providing additional information to support the Division's technical review. About Canyon Resources Canyon Resources, based in Golden, Colorado, was formed in 1979. The Company has a history of precious metals exploration success and can claim a number of significant discoveries. Canyon currently owns two near-term production properties, four advanced stage exploration and two grass roots properties. In addition, we are partnered in a uranium joint venture property. For additional information on Canyon Resources and its properties, please visit our website at http://www.canyonresources.com/. 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 Mine and Reward Project, 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 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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