Ms. Tara Christie reports

BANYAN GOLD ANNOUNCES RESULTS OF ANNUAL MEETING AND CLOSES PREVIOUSLY ANNOUNCED FINANCING

Banyan Gold Corp. shareholders approved the following matters at the company's annual general meeting of shareholders held on July 20, 2018, by a greater than 98.5-per-cent margin in all categories:

1. Setting the number of directors at five;
2. The proposed slate of five directors: Mark Ayranto, Tara Christie, David Reid, Steve Burleton and Jay Collins;
3. The appointment of John J. Geib, chartered accountant, as the company's auditors;
4. The renewal of the company's stock option plan.

Further information can be found in Banyan Gold's information circular available on SEDAR.

The company also announces that the $931,903 non-brokered private placement press released earlier today has been closed. The 10,083,663 units issued are subject to the customary four-month-plus-one-day hold period.

Technical information

The technical information in this news release has been reviewed and approved by Paul D. Gray, PGeo, a qualified person as defined by NI 43-101.

About Banyan Gold Corp.

Banyan is a growth-stage gold exploration company whose flagship property, the Hyland gold project, lies 70 kilometres northeast of Watson Lake, Yukon, along the southeast end of the Tintina gold belt.

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