X0202 4 2004-02-04 0 0000739460 CANYON RESOURCES CORP cau 0001228958 PASSPORT MANAGEMENT LLC 402 JACKSON STREET SAN FRANCISCO CA 94111 0 0 1 0 Common Stock 2004-02-04 4 P 0 25000 3.99 A 2678000 I See Footnotes Common Stock 2004-02-05 4 P 0 5000 4 A 2683000 I See Footnotes Common Stock 2004-03-23 4 P 0 498009 4.73 A 3181009 I See Footnotes Common Stock 2004-03-23 4 P 0 302906 4.73 A 3483915 I See Footnotes Common Stock 2004-04-13 4 P 0 14000 3.9 A 3497915 I See Footnotes Common Stock 2004-04-14 4 P 0 14100 3.78 A 3512015 I See Footnotes Common Stock 2004-04-15 4 P 0 6000 3.91 A 3518015 I See Footnotes Common Stock 2004-04-16 4 P 0 26000 3.93 A 3544015 I See Footnotes Common Stock 2004-04-19 4 P 0 21000 3.62 A 3565015 I See Footnotes Common Stock 2004-04-20 4 P 0 4000 3.52 A 3569015 I See Footnotes Common Stock 2004-04-29 4 P 0 20100 3.14 A 3589115 I See Footnotes Common Stock 2004-04-30 4 P 0 15000 3.01 A 3604115 I See Footnotes Common Stock 2004-06-15 4 S 0 13000 3.55 D 3591115 I See Footnotes Common Stock 2004-06-16 4 S 0 1000 3.59 D 3590115 I See Footnotes Common Stock 2004-06-17 4 S 0 2600 3.57 D 3587515 I See Footnotes Common Stock 2004-06-18 4 S 0 40000 3.99 D 3547515 I See Footnotes Common Stock 2004-06-22 4 S 0 8700 4.04 D 3538815 I See Footnotes Common Stock 2004-06-23 4 S 0 4000 4.05 D 3534815 I See Footnotes Common Stock 2004-06-24 4 S 0 23500 4.25 D 3511315 I See Footnotes Common Stock 2004-06-25 4 S 0 3500 4.22 D 3507815 I See Footnotes Common Stock 2004-06-28 4 S 0 8100 4.37 D 3499715 I See Footnotes As of the earliest reported transaction on this Form 4, the shares reported in this response are beneficially owned by Passport Master Fund LP (1,853,865 shares), a British Virgin Islands international limited partnership, and Passport Master Fund II, LP (824,135 shares), a British Virgin Islands international limited partnership (each, a "Partnership," together, the "Partnerships") and indirectly beneficially owned by Passport Management, LLC ("Passport") (278,000 shares), a Delaware limited liability company and both Partnerships' investment adviser, Passport Capital, LLC (278,000 shares), a Delaware limited liability company and Passport's managing member, Passport Holdings, LLC (278,000 shares), a Delaware limited liability company and both Partnerships' general partner, Ralph K. McCluskey II (278,000 shares), a natural person, and John H. Burbank III (278,000 shares), a natural person. The 1,853,865 shares reported for Passport Master Fund LP in footnote 1 consist of 646,800 restricted common shares, 1,207,065 unrestricted common shares and 646,800 warrants which are exercisable for 646,800 common shares. The 824,135 shares reported for Passport Master Fund II, LP in footnote 1 consist of 193,200 restricted common shares, 630,935 unrestricted common shares and 193,200 warrants which are exercisable for 193,200 common shares. Pursuant to the operating agreement of Passport, Mssers. McCluskey and Burbank, in their separate capacities as managing partners of Passport Capital, LLC, are authorized, among other things, to indirectly and jointly direct the activities of Passport and, thereby, to exercise voting and dispositive power over the common shares reported herein. This joint filing on Form 4 shall not be deemed an admission that any of the reporting persons are, for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise, the beneficial owner of any equity securities reported in this joint filing. All such persons disclaim beneficial ownership of the shares being reported hereby except to the extent that he or it has an indirect pecuniary interest therein. The positions set forth in footnotes 1-2 herein, should be adjusted for the additional transactions covered by this joint filing on Form 4. Transaction executed for the beneficial ownership of Passport Master Fund LP. Transaction executed for the beneficial ownership of Passport Master Fund II, LP. PASSPORT MANAGEMENT, LLC, By: Passport Capital, LLC, its managing member, By: John H. Burbank III, its managing member 2004-07-29 PASSPORT CAPITAL, LLC, By: John H. Burbank III, its managing member 2004-07-29 PASSPORT HOLDINGS, LLC, By: Passport Capital, LLC, its managing member, By: John H. Burbank III, its managing partner 2004-07-29 PASSPORT MASTER FUND LP, By: Passport Holdings, LLC, its GP, By: Passport Capital, LLC, its managing member, By: John H. Burbank III, its managing partner 2004-07-29 PASSPORT MASTER FUND II, LP, By: Passport Holdings, LLC, its GP, By: Passport Capital, LLC, its managing member, By: John H. Burbank, its managing partner 2004-07-29 JOHN H. BURBANK III 2004-07-29 RALPH K. MCCLUSKEY II 2004-07-29