Canyon Resources Ltd. advises that as part of the evolution of the Company, Company founder Mr. Phillip Gallagher, has now concluded his role as Managing Director of the Company. To drive the development of the Minim Martap Bauxite Project, Canyon CEO Mr. Jean-Sebastien Boutet, an experienced bauxite executive, will lead the Company and will drive the funding and construction phases of the Project. As previously advised to ASX, Mr. Gallagher was to continue serving as a Non-Executive Director of Canyon, however, the Company and Mr. Gallagher have elected for Mr. Gallagher to step away from the Board effective immediately. Mr. Gallagher will continue to provide consulting services to assist Mr. Boutet and the Company as required. Mr. Gallagher was a founder of Canyon Resources and has been the Managing Director for the past 12 years since the Company's listing on ASX in June 2010. During this time, the Company has secured the world class
Minim Martap Bauxite Project in Cameroon and has advanced the Project from an exploration project to the recent completion of a Bankable Feasibility Study.