CANYON RESOURCES OPTIONS NEVADA PROPERTIES TO GOLDEN PREDATOROption Agreement • February 20th, 2008 • Canyon Resources Corp • Gold and silver ores
Golden, CO - Canyon Resources Corporation (AMEX:CAU) (“Canyon”), a Colorado-based mining company, has entered into an Option Agreement, whereby Golden Predator Mines US Inc. (“Golden Predator”), a wholly-owned subsidiary of Golden Predator Mines Inc. of Vancouver British Columbia, shall assume Canyon’s interest in the advanced stage Adelaide and Tuscarora gold exploration properties (the “Properties”) located in Humboldt and Elko Counties in Nevada. On February 15, 2008, Golden Predator made an initial payment to Canyon of approximately $507,000 on closing of the transaction.
