Searchlight Resources Inc (SCLTF)

[Dobie Lama]

This is a long term hold.

VANCOUVER, March 12, 2012 /CNW/ - Canyon Copper Corp. ("Canyon") (TSXV: CNC) (OTCBB: CNYC) is pleased to announce that Giroux Consultants have been engaged to incorporate the 2006 drill program results into the 2010 Long Shot Ridge oxide resource estimate, which included an indicated mineral resource estimate, at a cut-off grade of 0.2% copper, of 16,250,000 tons at an average grade of 0.43% Cu, and inferred mineral resource estimate, at cut-off grade of 0.2% copper, of 2,900,000 tons at an average grade of 0.31% Cu (see National Instrument 43-101 ("NI 43-101") Technical Report filed on SEDAR on May 6, 2010 and news release dated May 3, 2010).