Vancouver, British Columbia--(Newsfile Corp. - June 27, 2014) - Canyon Copper Corp. (TSXV: CNC) ("Canyon") announces
that it entered into a termination agreement (the "Termination Agreement") with
Sandfield Resources Ltd. ("Sandfield") whereby the parties terminated
Sandfield's right to earn up to a 70% interest in the Moonlight Property in
accordance with the terms an Earn-In Agreement between Canyon and Sandfield. As
a result, the parties are released and discharged of all of their obligations
under the Earn-In Agreement.
Canyon is currently reviewing data on the Moonlight Copper
Property to determine an appropriate exploration program in due course.
Evaluation includes the review of a successful column leach test on copper oxide
samples from drill core, that was prepared by SGS (SGS provides metallurgical
test services to the mining industry).
On behalf of the Board of Directors,
"Benjamin Ainsworth"
CANYON COPPER CORP.
Benjamin Ainsworth, President
Contact:
Canyon Copper Corp.
Investor Relations
1-888-331-9326
(604) 331-9326
(604) 684-9365 (FAX)
info@canyoncc.com
Cautionary Statement Regarding Forward Looking Information
This News Release may contain, in addition to historical
information, forward-looking statements. These forward-looking statements are
identified by their use of terms and phases such as "believe," "expect," "plan,"
"anticipate" and similar expressions identifying 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 include,
but are not limited to the following, limited operating history, proposed
exploration and/or drill programs 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.
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PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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