CANYON GOLD CORP. prepares filing with the BC Securities Commission

CANYON GOLD CORP.

Prepares filing with the BC Securities Commission

Released August 16, 2012

Vancouver, British Columbia, Canyon Gold Corp. (OTC Pink: CGCC) (The Company), prepares to comply with the filing requirements of the British Columbia Securities Commission (BCSC) in conjunction with the SEC approval of the S-1 Filing.

Based on filing requirements by the BCSC, the Company is presently delinquent in its filing with the BCSC. Since the filing requirements of the BCSC are virtually the same as the filing for reporting companies with the SEC, the company, for economic reasons, decided to wait with any filing with the BCSC until such time as the S-1 Filing, which will elevate the Company to reporting status, is approved by the SEC.

The Cease Trade Order of the BCSC only affects trading for account holders in British Columbia, Canada and has no effect on the trading of the Company’s stock in any other part of Canada or especially the United States or the rest of the World.

The Company is in full compliance with all filing requirements of the OTC Marketing Group.

The Company’s Business:

The Company owns and controls certain Mineral Lease Claims in the extended Long Canyon Gold Trend of Elko County, Nevada. The Company has engaged professional services and commissioned a “NI 43.101 Technical Report”, which will define the future exploration and development program for the claims.

Forward-Looking Statements  

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.

Contacts:

Canyon Gold Corp.

Delbert G. Blewett, B.Sc.Ll.B,

Pres. & CEO

Phone: 604-202-3212  

Email:  canyongold@shaw.ca

SOURCE: Canyon Gold Corp.

The Company trades on the OTC Pink tier of the OTC market. Investors can find Real-time quotes and market Information for the Company on http://www.otcmarkets.com/stock/CGCC/quote