Mr. Mark Ayranto reports

BANYAN GOLD HITS 6M OF 4.4 G/T GOLD AND IDENTIFIES REPLACEMENT-STYLE MINERALIZATION AT HYLAND

Banyan Gold Corp. has released the assay results from the 2015 exploration program at the Hyland gold project. These results confirm Banyan's hypothesis the Hyland gold project hosts carbonate-replacement-style gold and base-metal mineralization, akin to Atac Resources' Rau trend farther north in the Selwyn basin. Further, as part of the 2015 exploration program, a highly successful surface trench program was conducted on the Montrose Ridge zone, which lies approximately eight kilometres from the 2015 drill holes.

"Banyan's technical team continues to add value through discovery and step out drilling demonstrating solid potential for resource expansion at the Hyland gold project," commented Mark Ayranto, chairman of the company. "Banyan had postulated, and now confirmed, carbonate-replacement-style mineralization exists on the project through the discovery of previously unrecognized lead, zinc and copper mineralization at Hyland. Moreover, the 2015 discovery at Montrose Ridge substantively adds to the Hyland gold district-scale concept and, importantly, validates Banyan's exploration concepts as credible, and the program was very effectively executed."

Drill results

The 2015 Hyland drill program was designed to drill test a deep-seated, carbonate-replacement-style and listric-fault-related gold mineralization model theorized to exist on the Hyland gold project. Drilling was successful in:

1. Interception of a mineralized lower limestone unit of the Hyland group formation metasedimentary package;
2. Penetration through a fault zone within the north-south-oriented Quartz Lake corridor, which is interpreted to represent a large-scale, structural control to gold mineralization.

The Hyland gold project 2015 mineral exploration program was completed during August, 2015, and consisted of 739.85 metres of HQ and ND diamond drilling over three drill holes within the mineralized Camp zone.

Highlights from the drill program of the 2015 Hyland exploration program include:

• Drill hole HY-15-45 -- 31.08 metres of 0.4 gram per tonne gold from 2.45 metres to 33.53 metres, including 13.43 metres of 0.62 gram per tonne gold from 2.45 metres to 15.88 metres; elevated base metals were encountered at depth in this hole, beneath the fault zone as well, including a 1.14-metre interval of 870 parts per million copper, complete with overlimit (over 200 grams per tonne) silver;
• Drill hole HY-15-46 -- 76.34 metres of 0.32 gram per tonne gold from 75.56 metres to 151.9 metres, including 20.95 metres of 0.41 gram per tonne gold from 73.88 metres to 94.83 metres and 35.9 metres of 0.36 gram per tonne gold from 116 metres to 151.9 metres;
• Drill hole HY-15-47 -- 88.7 metres of 0.24 gram per tonne gold from 35.52 metres to 135.22 metres, which includes intervals of 29.82 metres of 0.33 gram per tonne gold from 45.52 metres to 75.34 metres and 23.68 metres of 0.37 gram per tonne gold from 110.54 metres to 134.22 metres; this hole, and HY-15-46, illustrates a consistently and pervasively gold-mineralized interval, complete with elevated base metals at depth; hole HY-15-47 intercepted an anomalously high interval of 2,000 parts per million* lead from 94.7 metres to 127.43 metres.

*Two thousand parts per million requires further definition as three of the intervals (5.23 metres of the interval) returned over 10,000 parts per million lead and will require overlimit analyses to more accurately define the grades. Overlimit zinc assays were returned from these intervals as well.

Trench results

The Montrose Ridge target has been discovered and tested by Banyan previously and this season's discovery confirms the existence of a district-scale mineralizing system at work at Hyland. Montrose trench highlights include six metres of 4.4 grams per tonne gold from zero to six metres in trench MT-15-01, including two metres of 13.1 grams per tonne gold from four to six metres. Trench MT-15-01 also returned 24 metres of 0.47 gram per tonne gold from 18 to 42 metres, including six metres of 1.3 grams per tonne gold from 36 to 42 metres. Trench MT-15-01 was 42 metres long; however, only 30 metres was sampled due to overburden conditions from six metres to 18 metres. Of the 193 samples collected and analyzed as part of the 2015 trench program, assays ranged from trace to 13.1 grams per tonne gold and averaged 0.19 gram per tonne gold. Selected chip and channel samples from the other trenches completed included 2.25 grams per tonne gold, 1.35 grams per tonne gold, 2.9 grams per tonne gold and 1.3 grams per tonne gold.

The 2015 Montrose Ridge trenches were designed to crosscut interpreted strike of the controlling structures as closely as possible. In all cases the trenches remain open in all directions with potential for hosting gold-mineralized structures. In total, approximately 380 metres of strike extent of the Montrose Ridge zone was tested in the 2015 program. A soil-geochemical XRF (X-ray fluorescence) study was conducted coincident with the trench program, and a striking bismuth-gold relationship was established from this study and subsequently validated through chemical analyses. The 2015 XRF study also helped to fine-tune final trench locations and provided valuable elemental relationships, which will be applied to all exploration efforts going forward.

This, the first detailed rock sampling program at Montrose, established a lack of a silver association with the Montrose Ridge gold mineralization. This is similar to the Cuz zone 2.5 kilometres to the south of Montrose and fits with management's interpretation that both Cuz and Montrose represent a separate mineralized system from the Hyland main zone system, where an approximate 1:4 gold-silver ratio exits. This definition of repeated, multiphased gold mineralization events on the Hyland project further builds out the district-scale gold system Banyan is working to demonstrate.

Maps and visual aids in support of the Hyland 2015 exploration program will be made available at the company's website.

Mineralization comments

To date, Hyland exploration has concentrated on sediment-hosted, structurally hosted gold mineralization and has culminated in the delineation of the main zone, as well as the more recent discoveries at Cuz and Montrose Ridge.

Drilling in 2015 intersected a zone of carbonate-replacement-style gold, lead, zinc and copper mineralization hosted within a what is interpreted to be a broad north-south zone within the Quartz Lake structural corridor. The geometry of the mineralized system has yet to be fully understood but is postulated to be spatially related to a listric fault or fault zones within the lower limestone horizons of the Paleozoic Hyland group.

The pyrite, arsenopyrite, pyrrhotite, sphalerite, galena, bismuthinite and native copper mineralization intersected in the 2015 drilling are consistent with carbonate-replacement-style mineralization and have become a new focus for exploration at Hyland.

Atac Resources' Rau trend exhibits similar intrusion-related, sediment-hosted and replacement-style gold mineralization over extensive strike lengths within the package of Hyland group lithologies further to the north in the Selwyn basin. Banyan believes the Hyland gold deposit to be similar to Atac's discoveries and this year's discovery of base metals mineralization within Hyland's lower limestone formation is the first step to proving up the district mineralization potential of the Hyland gold property.

This news release has been reviewed and approved by Paul D. Gray, BSc, PGeo, vice-president of exploration for Banyan Gold, who is the qualified person as defined by National Instrument 43-101.

Analytical method

All exploration drill core and trench samples from the 2015 Hyland gold project were analyzed at Bureau Veritas Commodities Canada Ltd. (formerly Acme Analytical Laboratories) of Vancouver, B.C., utilizing the MA-200 45-element analytical package with FA430 fire assay with gravimetric finish for gold on all samples. All core samples were split on site at Banyan's Hyland gold exploration camp and shipped to the laboratory's preparation facility in Whitehorse, Yukon, where samples were sorted and crushed to appropriate particle size (pulp) and representatively split to a smaller size for shipment to the lab's Vancouver analysis facility. A system of standards was implemented in the 2015 exploration program and was monitored as chemical assay data became available.

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