Canary Resources Inc - Corporate Governance 2005

Canary Resources Inc. is committed to operating within the highest standards of integrity and honesty, and in accordance with the law. We believe that good corporate governance is important to ensure that Canary Resources Inc. is managed for the long-term benefit of our stockholders. To achieve this, the Board of Directors of Canary Resources Inc. maintains three operating committees: the Audit Committee, Compensation Committee, and the Governance and Nominating Committee. We also have a Code of Business Ethics & Conduct that provides a framework for operating standards and ethics at Canary Resources Inc. that we expect of all our officers, directors, and employees. We believe that our Board of Directors and committees, led by a group of strong and independent directors, provide the necessary leadership, wisdom, and experience that Canary Resources Inc. needs in making good business decisions and fulfilling the responsibilities to our shareholders. To this end, it is the policy of our Board of Directors that the majority of its members be independent.