Canyon Responds to Recent Share Price Decline

    GOLDEN, Colo., Aug. 15 /CNW/ -- Canyon Resources Corporation (Amex:   CAU),
a Colorado-based mining company, responds to the recent decline in its share
price. The Company states that it is not aware of any negative developments to
account for the recent decline and huge volume in the past two days of
    In the Company's second quarter conference call yesterday, the President
and CEO had only positive remarks in regard to the ongoing work at its Briggs
Mine and the Reward Project. James Hesketh, President and CEO, stated during
the call that the future for Canyon is strong. He believes that Canyon is
building a solid foundation for future growth and shareholder value.
    The conference call held August 14, 2007, is available for replay through
midnight, August 16, 2007, and can be accessed by calling: 800-642-1687 or
706-645-9291, Conference ID: 12665227.
    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 and
Reward projects, 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.


    James Hesketh, President and CEO (303) 278-8464
    Valerie Kimball, Investor Relations (303) 278-8464

For further information:

For further information: James Hesketh, President and CEO, or Valerie 
Kimball, Investor Relations, both of Canyon Resources Corporation, 
+1-303-278-8464 Web Site:

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