Canyon Gold Corp. Appoints Mr. Stephen M. Studdert to Its Board of Directors and Chairman of 'The Strategy Committee'

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| Source: Canyon Gold Corp.

VANCOUVER, British Columbia, Dec. 17, 2012 (GLOBE NEWSWIRE) -- Canyon Gold Corp. (OTCBB:CGCC) (The Company) is pleased to announce the appointment of Stephen M. Studdert of Salt Lake City, Utah to the Board of Directors of the Company.

As the CHAIRMAN of 'THE STRATEGY COMMITTEE' Mr. Studdert will be most valuable to the growth, expansion and development of the Company.

Stephen M. Studdert has a distinguished international business career and a long record of public service. A corporate executive and former senior White House Advisor to three U.S. Presidents, he has a demonstrated background of proven leadership at the national and international levels.

He is founder of several commercial ventures and a commercial bank, and has many corporate board directorships including in the gold sector. He helped create the FORTUNE 500 Forum for senior executives and participated in TIME magazine's leaders' world news-tour. He authored America in Danger.

Mr. Studdert served as a White House advisor to U.S. Presidents George Bush, Ronald Reagan, and Gerald Ford, and represented U.S. Presidents in diplomatic assignments to over one hundred nations. By presidential appointment he served on the President's Export Council, the Export Advisory Now Council, and the Foreign Trade Practices and Negotiations Subcommittee, and as a United States Delegate to the United Nations Energy Conference in Africa, as a United States Delegate to the 40th NATO Summit, and as an American Representative to the funeral of Emperor Hirohito of Japan. He was Chairman of a $44 billion Federal Home Loan Bank in the Clinton Administration.

Mr. Studdert is a graduate of Brigham Young University, a former elected City Council member, and a past Jaycee President. He is a recipient of the Distinguished Citizen Award from the Boy Scouts of America, the National Guard Minuteman Award, the People of Vision award, the Farm Bureau's Friend of Agriculture Award, and the citizen Distinguished Service Medal from the United States Army. He served on the Board of Trustees of Southern Virginia University, from which he was awarded an Honorary Doctorate. He and his wife have six children.

* The Company welcomes Stephen Studdert with enthusiasm to the Canyon Gold Team *

The Company's Exploration:

Canyon Gold is a new emerging exploration company.

The Company owns and controls certain Mineral Lease Claims in the extended Long Canyon Gold Trend of Elko County, Nevada. The Company, with delivery of the 'Final Geological Report' written to NI 43.101 Technical Report requirements, completed its Phase One Exploration Program.

The Company plans to commence Phase Two in early spring 2013, weather permitting. Phase Two include extended Geochemistry and Geophysical surveys with further exploration through a drilling program including a series of about a dozen Reverse Circulation drill holes to depths ranging from 400 feet to 1000 feet. If warranted, followed by a series of holes drilled with a diamond drill to firm up the grades obtained in the RC (Reverse Circulation) drilling so that greater validity can be assigned to the ore grades for reserve and resource calculations.

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.

The Company trades on the OTC-BB/QB 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#

Canyon Gold Corp.
Delbert G. Blewett, B.Sc.LL.B,
Pres. & CEO
Phone: 604-202-3212
Email: