Canyon Gold Corp. Appoints Mr. Stephen M. Studdert to Its Board of Directors and Chairman of The Strategy Committee

Mr. Studdert served as a White House advisor to U.S. Presidents George Bush, Ronald Reagan, and Gerald Ford, and represented U.S. Presidents in diplomatic assignments to over one hundred nations.By presidential appointment he served on the President’s Export Council, the Export Advisory Now Council, and the Foreign Trade Practices and Negotiations Subcommittee, and as a United States Delegate to the United Nations Energy Conference in Africa, as a United States Delegate to the 40th NATO Summit, and as an American Representative to the funeral of Emperor Hirohito of Japan.He was Chairman of a $44 billion Federal Home Loan Bank in the Clinton Administration.

Mr. Studdert is a graduate of Brigham Young University, a former elected City Council member, and a past Jaycee President.He is a recipient of the Distinguished Citizen Award from the Boy Scouts of America, the National Guard Minuteman Award, the People of Vision award, the Farm Bureau’s Friend of Agriculture Award, and the citizen Distinguished Service Medal from the United States Army.He served on the Board of Trustees of Southern Virginia University, from which he was awarded an Honorary Doctorate.He and his wife have six children.

The Company owns and controls certain Mineral Lease Claims in the extended Long Canyon Gold Trend of Elko County, Nevada. The Company, with delivery of the ‘Final Geological Report’ written to NI 43.101 Technical Report requirements, completed its Phase One Exploration Program.

The Company plans to commence Phase Two in early spring 2013, weather permitting. Phase Two include extended Geochemistry and Geophysical surveys with further exploration through a drilling program including a seriesofaboutadozen Reverse Circulation drill holesto depthsrangingfrom 400feetto1000 feet. If warranted, followed by a series of holesdrilled with a diamonddrill to firm up the gradesobtained inthe RC(Reverse Circulation) drilling so that greater validitycanbeassignedtothe ore grades for reserveand resource calculations.

This news release includes certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives or expected results of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements.