Las Vegas, Nevada--(Newsfile Corp. - August 26, 2014) - Canyon Gold
Corp. (OTCQB: CGCC) (The Company) is pleased to announce the appointment of
Alexander S. Romanchuk, B.A., LL.B. (Retired) of Edmonton AB to
the Board of Directors of the Company.
In addition to the position of Director on Company's
Board of Directors, Mr. Romanchuk will serve as a member
on the Advisory Board of Long Canyon Gold Resources Corp. a wholly owned
subsidiary of the Company with substantial gold claims in Elko County,
State of Nevada.
"We are very pleased to have Mr. Romanchuk join the
CanyonGold/Long Canyon Gold Resources Team. His expertise and wide ranging
contacts in the Financial Industry is a tremendous asset to the Company", says
President Blewett, supported by Mr. Studdert President of Long Canyon Gold
Resources Corp.
Mr. Alexander S. Romanchuk Completed a Bachelor
of Arts and a Bachelor of laws at the University of Saskatchewan then began a
long career in the private practice of law in the Province of Alberta and
British Columbia. Mr. Romanchuk brings a wide range of business skills to the
table, having served as an alderman then Mayor of Grande Prairie Alberta during
its rapid growth. In later years he acted as Vice President of AltaRose
Construction Ltd. Managing the in house sales and all conveyancing. Mr.
Romanchuk speaks English, Ukrainian and passable French. With his many years in
private practice and his community involvement he brings valuable business
expertise to the Board of Canyon Gold.
Mr. Romanchuk is instrumental assisting the Company with
funding and acquisitions of mineral claims
THE COMPANY'S BUSINESS:
The Company has
two wholly owned subsidiaries - Long Canyon Gold Resources Corp. and Marshall
Thomsen Ltd.
Long Canyon Gold Resources Corp. 'LCGRC'
(a wholly owned subsidiary).
LCGRC owns and or controls through certain
options a 100% interest in 310 mineral lease claims in the mineral-rich Spruce
Ridge area of Nevada. In addition it controls a 100% interest in 180 mineral
lease claims in the similarly mineralized Pequop Mountains of the Long Canyon
Trend Area of Nevada. These sections are adjacent to the original discovery
acquire by Newmont Mining for 2.3 Billion Dollars. It is the company's
intention to explore its claims for the same type of target, a large tonnage
gold deposit similar to the West Pequop Mountains Long Canyon type of Carlin
Type gold deposit.
LCGRC has, in addition, signed a letter agreement
and is completing negotiations to acquire a 51% interest in up to 5,000 acres of
Oil Leases in the state of Utah and Nevada in areas of present drilling
activities.
LCGRC is preparing and planning its phase two
development program on its substantial Gold claims in Elko County Nevada.
Marshall Thomsen Ltd. 'Marshall Thomsen'
(a wholly owned subsidiary).
CanyonGold, to provide increased value to its
shareholders, acquired Marshall Thomsen to enter the lucrative cannabis industry
and be part of a promising future world trend.
Marshall Thomsen applied to Health Canada
for a license as a commercial grower of cannabis under the new regulations
issued by Health Canada. We are pleased to confirm that the subsidiary has
acquired the right to a 20 acre property in the Fraser Valley of British
Columbia where it plans to build a facility of, initially, 90,000 square feet,
allowing for future expansion on the site. The initial facility will be capable
of producing up to 6 million grams of cannabis per year.
Marshall Thomson concluded the
acquisition-agreement of the target property for its Production Center which
property is subject to "The Property Zoning Bylaw No.1257" that includes medical
marijuana grow-operations.
Marshall Thomsen is in contact with
Health Canada and is making good progress in the steps necessary to secure the
license.
Visit us at:
www.canyongoldexploration.com with a link to
Marshall Thomsen
On behalf of the Board of Directors, Delbert G. Blewett,
B.S.C.A. LL.B., President & CEO
Company Contact: |
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|
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Subsidiary: |
Long Canyon Gold Res. Corp. |
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1
800 520-9485 |
Stephen Studdert, President |
Subsidiary: |
Marshall Thomsen Ltd. |
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1
604 613-1227 |
Tom Thomsen, President
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Email: cgcc@canyongoldexploration.com
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
Forward-Looking Statements
This news release includes certain "forward-looking
statements". 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. Forward looking statements in this
news release include that we will carry out an exploration program and exercise
our option to lease additional claims. 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. Factors which may delay or prevent these
forward-looking statements from being realized include misinterpretation of
data; we may not be able to get equipment or labor as we need it; we with may
not be able to raise sufficient funds to complete our intended exploration or
carry on operations; that weather, logistical problems or hazards may prevent us
from exploration; that equipment may not work as well as expected; that analysis
of data may not be possible accurately and at depth; and that despite
encouraging data there may be no commercially exploitable mineralization on our
properties. Readers should refer to the risk disclosures outlined in the
Company's most recent reports filed with the Securities and Exchange Commission.
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