Mr. Mark Ayranto reports

BANYAN GOLD CLOSES NON-BROKERED PRIVATE PLACEMENT FOR TOTAL PROCEEDS OF $495,000

Banyan Gold Corp. has closed the second tranche of its previously announced non-brokered private placement (see press releases dated Feb. 17 and March 12, 2015). Banyan has raised a total of $495,000 by issuing 9.9 million units at five cents per unit.

Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable into one common share of the company at an exercise price of 7.5 cents for a period of 24 months from the date of issuance.

The warrants, which form part of the units, may have their expiry time accelerated at any time prior to the expiry of the warrants if the volume-weighted average trading price of the corporation's shares on the TSX Venture Exchange is greater than 12 cents for 15 consecutive trading days, at which time the corporation may give notice in writing to the warrant holders within 10 days of such an occurrence that the warrants shall expire on the 30th day following the giving of such notice. No commission has been paid as part of this first tranche financing. Funds will be used for general working capital and advancement of Banyan's Hyland gold project.

Directors and officers of Banyan participated by acquiring two million units, or $100,000, and after close will hold approximately 32.9 per cent of the shares outstanding.

All securities issued under the first and second tranche are subject to a hold period expiring four months from the date of issuance. The company did not pay a finder's fee in connection to the first and second tranche.

We seek Safe Harbor.