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Banyan Gold Corp
Symbol BYN
Shares Issued 64,229,568
Close 2017-05-01 C$ 0.12
Market Cap C$ 7,707,548
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Banyan Gold receives 10-year land use permit for Hyland

2017-05-01 09:56 ET - News Release

Ms. Tara Christie reports

BANYAN GOLD RECEIVES 10 YEAR CLASS THREE MINING LAND USE PERMIT FOR THE HYLAND GOLD PROJECT

A Class 3 land use permit for the Hyland gold project has been granted to Banyan Gold Corp. by the Yukon government. This permit will allow for continued development of the Hyland gold project through advanced mineral exploration activities, including diamond drilling, trenching geophysics and on-tenure camp support thereon. The 2017 Hyland gold project exploration plan being developed is guided by the LIDAR-assisted (light detection and ranging) structural analysis and data compilation done over the winter of 2016/2017 to identify priority exploration areas and drill targets.

Banyan Gold's president and chief executive officer, Tara Christie, commented: "With a newly granted 10-year Class 3 land use permit to operate, Banyan is well positioned to continue to build out our Hyland gold project through advanced and systematic exploration programs. Banyan looks forward to an active exploration season at Hyland this year."

About Banyan Gold Corp.

Banyan is a gold exploration and development company whose flagship property, the Hyland gold project, is approximately 70 kilometres northeast of Watson Lake, Yukon, along the southeast end of the Tintina gold belt.

Banyan also has options to earn up to 100 per cent in the Aurex and McQuesten properties, subject to work commitments, payments and a residual net smelter return royalty to Alexco Resource Corp. and Victoria Gold Corp.

Paul D. Gray of Banyan Gold is a qualified person within the meaning of such term as set forth in National Instrument 43-101 of the Canadian Securities Administrators, and he has verified and supervised the preparation of all of the scientific and technical information contained in this news release.

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