August Energy Corp.

August Energy Corp.

April 21, 2011 19:16 ET

August Energy Corp. Announces Name Change and Reverse Split

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2011) - AUGUST ENERGY CORP. (PINK SHEETS:AENC) (The Company) announced today that the Company's stockholders have approved a Name Change and a Five Hundred-for-One reverse stock split of the Company's common stock (Reverse Split).

The Company filed the above changes with FINRA and barring any unforeseen delays, expects approval in the near future with the effective date of the reverse split being May 02, 2011.

The New Name of the Company is "CANYON GOLD CORP." and a new symbol will be assigned to the Company's stock.

The new Cusip Number assigned to the common stock is 138857 107.

As a result of the Reverse Split every five hundred shares of the Company that a stockholder owned will be converted into one share of the Company as of the opening of trading on May 02, 2011, the effective date of the Reverse Split. Fractional Shares created as a result of the Reverse Split will be rounded up to the nearest whole share.

The President of the Company stated, "We had no other alternative than to restructure the Company's outstanding stock to attract investors and potential investment opportunities for the successful future development of the company's Mineral Properties."

The Company's Business:

The Company owns and controls certain Mineral Lease Claims in the extended Long Canyon Gold Trend area of the State of Nevada. The Company has engaged professional services and commissioned an initial report which will define the future exploration and development program for the claims.

Forward-Looking Statements

This news release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. 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 Company, are forward- looking statements that involve various risks and uncertainties. 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.

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