Canyon Copper inks pact with Metamin Enterprises

2 December 2011:  Canyon Copper Corp. has entered into an agreement with Metamin Enterprises Inc., a company controlled by Benjamin Ainsworth, Canyon's President, Secretary and director, and Metamin Enterprises USA Inc. The agreement is entered to acquire the former Placer Dome Moonlight Project, a bulk tonnage porphyry copper, gold, silver property.  It is located on the Northern end of the very productive Walker Lane Porphyry Trend that includes major past producers such as the Yerrington Mine inNevada and properties like Canyon's New York Canyon Project, south of Hawthorne, Nevada.

The Moonlight Property is located in an area with a historical mining tradition that brought significant benefits to the local communities around Crescent City, Plumas County, California, with a low environmental impact. The local community has been involved in logging and mining historically and is currently enduring high unemployment. Local support was expressed for a recent exploration effort (2006-8) on the Moonlight Property for development of a long life project in the labour catchment area.