CST: 30/05/2016 15:12:55   

The Acquisition of Defense Technology Corporation Is Finalized by CanyonGold

129 Days ago

LAS VEGAS, NV--(Marketwired - Jan 22, 2016) - Canyon Gold Corp. (OTCQB: CGCC) (The Company) announces the completion and closing of the acquisition of 'DEFENSE TECHNOLOGY CORPORATION (DTC) as a wholly owned subsidiary of CanyonGold as announced in its 8-K filing on January 8, 2016. CanyonGold through DEFENSE TECHNOLOGY CORPORATION (DTC) plans to start production of the "OFFENDER ALERT PASSIVE SCAN"™ during the first quarter of 2016.

The DTC proprietary Offender Alert Passive Scan is a portable scanning security device that uses the Earth's magnetic fields to detect potential security threats. The Offender Alert Passive Scan is the only product of its kind that uses passive scanning.

Traditional detectors use X-ray (radiation) imaging -- the same type of technology that can have harmful effects after prolonged exposure; the Offender Alert Passive Scan eliminates any hazardous and non-hazardous-emittent exposure to students.

When students or others step through the Offender Alert Passive Scan, sensors embedded within the aluminum frame alert security personnel to the level of threat with color-coded LED lights and an audible alert signal. The Offender Alert Passive Scan also can link with a computer to give an instant view, using numbers or colors, of the threat area, which can then be transmitted to a handheld or other command device for ease of use, threat tracking, response deployment, and neutralizing.

DTC's Proprietary Offender Alert Passive Scan is a 'next generation' walk-through detector scanning unit.
The DTC scan-system emits no harmful radiation through the subject and is passive.

FUTURE PLAN:
With commencement of production and marketing of the proprietary 'Passive Scanner Unit' by DTC, the Company will 'spin-off' its gold resources holding and exploration subsidiary 'LCGRC' and will register the gold subsidiary with the SEC through an S-1 Registration filing and thereby create a second public company trading its common stock on the OTCQB. The company believes this will enhance value for shareholders of CGCC stock prior to the completion of the spin-off through distribution of stock from the newly created OTCQB Company to all CGCC shareholders.

THE COMPANY'S SUBSIDIARIES:

DEFENSE TECHNOLOGY CORPORATION, LLC: www.defensetechnologycorporation.com

DTC was formed in 2007 to bring products to market in the areas of personal and collateral protection. DTC will succeed in the markets of personal and collateral protection by creating proprietary technology that is unique in design and operation. The company currently has two products in development that will have the potential to substantially improve their respective industries with concentration on preparing for the production of the 'Passive Scanner Unit" ideally suited for the protection of schools, institutions and other high-ris public and private facilities.

DTC's priority markets for the lead product are the 105,000 U.S. public & private schools, colleges and universities. The core customer base is government, specifically federal, state, and regional, together with international replication and future commercial applications.

Long Canyon Gold Resources Corp. ('LCGRC') owns 30 mineral lease claims and has the opportunity to acquire additional claims in the mineral-rich Spruce Ridge area as well as 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 and also the site of the planned first open pit mine in the area.

LCGRC continues to seek funding for its phase two development programs on its substantial gold claims in Elko County Nevada. As gold market valuations improve in the future the Company will proceed with its planned deposit exploration.

On behalf of the Board of Directors, Stephen M. Studdert, President & CEO

Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Canyon Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Canyon Gold Corp's management on the date the statements are made. Except as required by law, Canyon Gold Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Company Contact:
Stephen Studdert
President
1 800 520-9485
Email: cgcc@canyongoldexploration.com