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Announcement 30 April 2021 CANYON RESOURCES March 2021 Quarterly Activities Report ■ ■ Highlights ■ ■ Canyon hosted a VIP site visit for the Minister of Mines , the Secretary of State and the Directors of the Ministry of Mines to the Minim Martap Project . The Minister formally announced the transition to the Mining Phase of the Project . Rick Smith was appointed Camalco Director General and to reside in Cameroon to advance the Project development and Mining License negotiations . The Port of Douala proposed a new deeper and even more suitable berthing location for Stage 1 exports . Grade Definition drilling program was completed following 111 infill holes resulting in 1,292m of air- core drilling across three priority plateaux . ■ Hydrogeological drilling was completed following installation of 15 water bore monitoring holes . Camalco presented construction and operational contract and partnership opportunities to a group of nearly 60 Cameroonian business leaders . Canyon Resources Limited ( ASX : CAY ) ( Canyon , Company ) is pleased to report on activities for the quarter ended 31 March 2021 focused on its 100 % -owned Minim Martap Bauxite Project ( Project ) in Cameroon . The focus of the quarter was the completion of works for the Bankable Feasibility Study ( BFS ) and the upcoming lodgement of the application for a Mining License for the Project . Canyon Resources Managing Director , Mr Phillip Gallagher and Mr Rick Smith , Director General of Canyon's wholly owned Cameroon subsidiary Camalco Cameroon SA ( Camalco ) are currently both in Cameroon as part of the Company's process of achieving the Mining License for the Minim Martap Project . Technical work continues on the Project in preparation for the commencement of construction , including road quarry surveys , hydrogeological surveys as well as continuing bauxite physical property testing . VIP site visit to the Minim Martap Project On Monday 25 January 2021 , Mr Gallagher and Mr Smith hosted a visit to the Minim Martap Project site by His Excellency Gabrielle Ndoko , the Minister of Mines , accompanied by the Secretary of State to the Minister of Mines , the Governor of the Adamoua Region and other dignitaries . The purpose of the site visit was for Camalco to present the results of the extensive exploration and geological research completed by the Company since being granted the exploration permits and to discuss the development plans for the Project with the Minister of Mines . Presentations and meetings held at the towns of Martap and Minim were chaired by the Minister of Mines and attended by local dignitaries and representatives from the local villages . Canyon Resources Limited ACN 140 087 261 Figure 1 : Managing Director Phillip Gallagher , with the Governor of the Adamoua Region , the Minister of Mines , Industry and Technological Development , and the Secretary of State to the Ministry of Mines L9 / 863 Hay Street Perth WA 6000 | PO BOX 7606 Cloisters Square WA 6850 | p : +61 8 6382 3342 f : +61 8 9324 1502 | info@canyonresources.com.au | www.canyonresources.com.au Page 1 of 9