Canyon Resources Corporation

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Canyon Resources Corporation
Corporate Presentation March 2007
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Forward-Looking Statement

• This presentation 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,
  mineralized material estimates, reserve
  estimates, potential residual production levels,
  future expenditures, cash requirement
  predictions, the ability to finance continuing
  operations and the potential reopening 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 the speculative
  nature of mineral exploration uncertainty of
  estimates of mineralized material and gold
  deposits compliance with environmental and
  government regulations the potential
  un-availability of financing on acceptable terms
  or the inability to obtain additional financing
  through capital markets, joint ventures, or other
  arrangements in the future difficulty in
  extrapolating drill hole results to establish
  mineralization the outcome of the McDonald and
  Kendall Mine litigation as well as other possible
  judicial proceedings economic and market
  conditions unanticipated grade, geological,
  metallurgical, processing or other problems
  operational risks of mining, development and
  exploration 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.  Many of these factors are
  beyond the Company's ability to control or
  predict. The Company disclaims any intent or
  obligation to update its forward-looking
  statements, whether as a result of receiving new
  information, the occurrence of future events, or
  otherwise.

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Canyon Resources Corporation
(AMEX CAU)

• U.S. Company with U.S. Project Focus Since 1979
• Two Near-Term Gold Production Projects
• Strong Pipeline of Exploration/Development
  Properties
• Two Uranium Exploration Joint Ventures
• Highly Experienced Management and Board

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U.S. Property Focus
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Goals and Strategy

• Build Shareholder Value Through Project
  Development and Cash Flow Generation
• Goal to become a mid-tier mining company
• Building Blocks in Place
• Briggs Mine re-start
• Reward Project development
• Nevada property portfolio focus
• Montana properties
• Uranium joint ventures
• Acquisitions and Joint Ventures
• Focus on production opportunities

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Canyon Properties
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Briggs Area Map
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Briggs Mine - Inyo County, CARight Time for
Re-start

• Low Cost Re-Start Opportunity
• Permitted site
• Existing infrastructure and facilities
• 738,505 ounces gold mined since 1996
• Briggs Development Strategy
• Initiate production with open pit and
• Goldtooth underground
• Incrementally add production to extend mine life
• Goldtooth extensions
• Briggs North
• Satellite deposits

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Briggs Mine Existing Infrastructure
Permitted Briggs Mine Site
Gold Recovery Plant
Cat 100 ton Trucks
Crushing Plant
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Goldtooth Underground Long Section
Structure Open for Expansion 70 foot polygons
Existing Surface
25_at_0.345
20_at_ 0.205
20_at_0.168
15_at_0.205
25_at_0.294
10_at_0.126
3,200 feet
0.01 to 0.10 oz/ton Au
0.10 to 1.0 oz/ton Au
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Briggs Mine Reserve Mineralization
Proven and Probable Reserve
Mineralized Material (includes Reserve)
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Briggs Feasibility Study

• Initial three year mine life
• 115,000 gold ounces recovered
• 430 per ounce production cost
• Five month development period
• 12.8 million CAPEX
• 15 IRR with 600 gold
• 2.8 million change in cash flow for every 25
  change in gold price

Goldtooth Underground Design
?
?
?
?
?
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Briggs Proposed Development Schedule
Financing Commence Open Pit Restart Commence UG
Development Gold Production
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Nevada Growth Strategy

• Why Nevada?
• Nevada is Highly Prospective for Gold
• Third Largest Gold Producer in the World Behind
  South Africa and Australia
• 87 of the Total U.S. Gold Production
• Stable Mining Laws Regulatory Environment
• Gold Mining Provides Significant Employment and
  Economic Contribution to the State of Nevada
• Mining is Important to Nevada

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Canyon Well Positioned on Major Nevada Gold
Trends

• Reward - Near term production, feasibility study
  underway, awaiting permit approval
• Adelaide - Advanced stage exploration, located at
  the projected intersection of the Getchell and
  Battle Mountain gold trends. Focus of exploration
  by major gold companies for 30 years. 18 holes
  previously drilled by Newmont
• Tuscarora - Advanced stage exploration. Early
  1900s production of 165,000 ounces gold and 7.1
  mil. ounces silver. More recently explored by
  Newmont and others for higher grade targets
• Mt. Edna - Grass roots exploration. 36 lode
  claims, grass-roots gold-copper prospect. 6 RC
  holes previously drilled encountered abundant
  copper oxide.
• Tram - Grass roots exploration. 22 lode claims
  2 RC holes drilled intersected several 10-foot to
  30-foot zones of 0.01 to 0.02 opt Au.

NV Property map here
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Reward Property - Nye County, NV

• Pre-Feasibility Study Completed January 2006
• Conventional open pit, cyanide heap leach
  103,000 ounces contained
• Load gold onto carbon at site for gold recovery
  at Briggs
• U.S. 330/oz avg. cost, U.S.7.6 million CAPEX
• Feasibility Study Underway
• 12.7 million tons mineralization _at_ 0.025 oz/ton
  Au (0.01 COG)
• Mine Plan of Operations submitted for permitting
• 6,140 feet in 21 holes drilled in 2006
• Phase II drilling planned to further test size of
  the deposit
• Leach pad design completed
• Geotechnical studies underway

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Reward Geology
REWARD FAULT ZONE
2006 Drill Area
GOLD ACE FAULT ZONE
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Reward Proposed Development Schedule
Permitting Feasibility Phase II Drilling Project
Financing
?
?
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Seven-Up Pete Deposit - Lincoln, MT

• 1991 Feasibility Study by Phelps Dodge
• Vein System Mineralization
• Open Pit Mineable
• Non-cyanide Metallurgical Test Work
• Gravity/flotation
• Positive initial results developed
• New bulk samples taken October 2006
• Private Lands and Leases Unpatented Claims
• 75,000 oz/Annum Production Shown in Prior Study

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Uranium Joint VenturesConverse, WY

• Area Explored by Canyon Partners from 1979 to
  1983
• Mineralization discovered
• Roll-front deposits
• January 2006 Joint Venture with New Horizon
  Uranium Corp
• June 2006 - 70 30 Sand Creek JV formed
  between Converse JV and High Plains Uranium
• Phase I Drilling
• 14 holes totaling 10,395 feet
• Rollfront type uranium mineralization encountered
  in 13 of 14 holes
• Phase II to Commence Early 2007
• 12 additional holes planned

Over 12,000 Acres Claimed or Leased
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Corporate Information
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52-Week Stock Performance
NEM - Newmont RIC - Richmont Mines MGN -
Mines Management GSS - Golden Star
CAU - Canyon Resources
Corporation
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Management Team

• James Hesketh President, CEO and Director
• BS Mining Engineering, MS Mineral Economics, 27
  years banking and production NM Rothschild
  Sons (Denver) Inc. Cyprus Amax Pincock, Allen
  Holt Dresser Industries.
• James Matlock VP Exploration
• BS Geology 30 years exploration experience with
  Placer Dome Cyprus Amax and Amoco Minerals.
• David Suleski VP Chief Financial Officer,
  Treasurer, Corporate Secretary
• BBA Accounting, CPA 24 years accounting, audit,
  and banking Golden Star Resources NM
  Rothschild Sons (Denver) Inc. Apex Silver
  Cyprus Amax Coopers Lybrand.
• Stuart L. Green VP Operations
• BS Mining Engineering 30 years mining
  operations Kinross Gold USA, St. Andrews
  Goldfields and BHP Billiton.

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A Golden Future For Canyon

• Near Term Production at Briggs Reward
• Strong Nevada Exploration Development
  Portfolio
• Uranium Joint Ventures
• Montana Properties

Liquid AMEX listing Strong base of
institutional interest and funding U.S. Company,
U.S. Projects, U.S. Focused, since 1979
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Appendices

• Board of Directors
• 900,00 Acres Mineral Rights
• Briggs Mineral System 3D View
• McDonald Takings Lawsuit Status
• Top 5 Institutional Owners
• Outstanding Warrants

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Board of Directors

• James Hesketh President, CEO and Director
• BS Mining Engineering, MS Mineral Economics, 25
  years banking and production NM Rothschild
  Sons (Denver) Inc. Cyprus Amax Pincock, Allen
  Holt Dresser Industries.
• Dr. Richard De Voto Chairman, Director
  Founder
• PhD Geology Founded Canyon Resources 1979
  Professor emeritus, Colorado School of Mines,
  taught from 1966 to 1987.
• Leland Erdahl Director
• since 1986, former President CEO, Albuquerque
  Uranium Resource former VP CFO, Amax Gold
  former Director, Freeport McMoRan.
• David Fagin Director
• since 2000, former Chairman CEO, Golden Star
  Resources former President Director, Homestake
  Mining.
• Ron Parker Director
• since 2002, former President CEO, Apollo Gold
  former President, Homestake Canada former
  President, Prime Resources Group.

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900,000 Acres Mineral Rights

• Historic Anaconda Mineral Rights Position
• Directly owned
• Deposit Types
• Sedimentary hosted Cu/Ag
• Epithermal gold
• Massive sulfide
• Porphyry Cu
• Industrial minerals
• Project Generation Opportunities

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Briggs Mineral System 3D View
Block Composite Grades (6.1m x 6.1m x 6.1m
blocks) Blue 0.007 to 0.01 opt Au Green 0.01 to
0.03 opt Au Red 0.03 to 0.05 opt Au Magenta
gt0.05 opt Au
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McDonald Takings Lawsuit Status

• Canyon is seeking compensation for taking of
  10.6 million ounce, McDonald Gold Project by
  State of Montana
• Briefs filed with U.S. Court of Appeals Ninth
  Circuit
• Hearing expected in 2007
• Potential value zero to U.S. 550 million

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Top 5 Institutional Owners December 31, 2006
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Outstanding Warrant Detail