On October 5, 2015, Canyon Gold Corp. entered into an agreement to acquire 100% of Defense Technology
Corporation. The agreement provides that Canyon Gold acquire from Jeffrey Vanalstine, President of DTC, the one outstanding share of DTC that represents 100% of its share. On December 31, 2015, Canyon Gold and DTC mutually consented to and executed requisite documents to close the agreement, whereby DTC shall operate as the wholly owned subsidiary of Canyon Gold Corp. DTC is required to deliver to the company its audited financial statements in order that they can be included with the company's consolidated financial statements. Within ten days of completion of DTC's audited financial statements, Canyon Gold will appoint Jeff Vanalstine to the Canyon Gold Board of Directors.