Ms. Tara Christie reports

BANYAN COMMENCES 2020 PHASE 1 DRILL PROGRAM AT AURMAC PROPERTY, YUKON, CANADA

Banyan Gold Corp. has commenced its phase 1 2020 exploration program on the AurMac property located in the Mayo mining district, approximately 56 kilometres northeast from the village of Mayo, Yukon, and 350 kilometres north of Whitehorse, Yukon. The phase 1 diamond drilling will continue to add gold ounces on the company's AurMac Property and will also include broader property-wide evaluation programs including the Aurex Hill gold showings.

"Banyan has proven its ability to efficiently and cost-effectively build gold ounces through the application of clear geologic principles, and we intend to continue to do just that at AurMac this season," stated Tara Christie, president and chief executive officer. "The resource models that have been developed at Airstrip and Powerline both highlight the potential for expansion through systemic drilling. We feel this drill campaign will meaningfully increase gold ounces and demonstrate the higher grades that AurMac offers. Moreover, we will further the application of the AurMac geologic model throughout this large project, with our Banyan boots-on-the-ground-style exploration efforts."

The 2020 diamond drill program will establish Banyan's COVID-19 working safety procedures for further drilling campaigns and planned regional exploration over the 92-square-kilometre AurMac property.

On May 25, 2020, Banyan Gold announced an initial mineral resource estimate at AurMac comprising the Airstrip and Powerline deposits that together contain a total inferred mineral resource of 903,945 ounces of gold prepared in accordance with National Instrument 43-101, on these near-surface, road-accessible deposits.

         PIT-CONSTRAINED INFERRED MINERAL RESOURCES AT A 0.2 G/T AU CUT-OFF -- AURMAC PROPERTY

Deposit                 Classification                Tonnage       Average Au grade             Au content
                                                                               (g/t)                   (oz)

Airstrip                      inferred             45,997,911                  0.524                774,926
Powerline                     inferred              6,578,609                  0.610                129,019
Total combined                inferred             52,576,520                  0.535                903,945

Notes to table
(1) The effective date for the mineral resource is May 25, 2020. 
(2) Mineral resources that are not mineral reserves do not have demonstrated economic viability. The 
estimate of mineral resources may be materially affected by environmental, permitting, legal, title, 
taxation, socio-political, marketing, changes in global gold markets or other relevant issues. 
(3) The CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definitions were followed for 
classification of mineral resources. The quantity and grade of reported inferred mineral resources in 
this estimation are uncertain in nature and there has been insufficient exploration to define these 
inferred mineral resources as an indicated mineral resource, and it is uncertain if further exploration 
will result in upgrading them to an indicated or measured mineral resource category.
(4) Mineral resources are reported at a cut-off grade of 0.2 gram per tonne gold, using a U.S./Canadian 
exchange rate of 0.75 and constrained within a open-pit shell optimized with the Lerchs-Grossman 
algorithm to constrain the mineral resources with the following estimated parameters: gold price of 
$1,500 (U.S.) per ounce, $1.50-(U.S.)-per-tonne mining cost, $2-(U.S.)-per-tonne processing cost, 
$2.50-(U.S.)-per-tonne general and administrative expense, 80-per-cent heap leach recoveries and 
45-per-cent pit slope.

About the AurMac property

The AurMac property is held by the company under earn-in option agreements with StrataGold Corp., a 100-per-cent-owned subsidiary of Victoria Gold Corp. and Alexco Resource Corp. The company has the right to earn up to a 100-per-cent interest in the AurMac property, subject to royalties, pursuant to the terms and conditions of the option agreements.

The Airstrip and Powerline deposits contained within the AurMac property are both on- and near-surface deposits and potentially open-pit minable, with expected low strip ratios. The AurMac property is located just 40 km from Victoria Gold's open-pit, heap leach mine and 10 km from Alexco's mill facility at the high-grade silver deposits of the Keno Hills district. The AurMac property lies on existing transportation infrastructure (main Yukon government highway system) and the all-season road to Victoria Gold's Eagle mine. The Airstrip and Powerline deposits are within one km of each other and both within 50 m of year-round access roads, have three-phase power lines and benefit from cellular communications.

Qualified persons

Paul D. Gray, PGeo, vice-president of exploration for the company, is a qualified person as defined under National Instrument 43-101 and has reviewed and approved the content of this news release.

COVID-19 update

Banyan has taken pro-active measures to protect the health and safety of its employees and communities from COVID-19 and exploration activities in 2020 will have additional safety measures in place, following and exceeding all the recommendations made by Yukon's chief medical officer.

There have been 11 COVID-19 cases confirmed in Yukon to date, with all patients having fully recovered. No cases have required hospitalization.

Issuance of stock options

The board of directors of the company announces the issuance of 950,000 stock options to purchase 950,000 shares at an exercise price of 12 cents cents per share, expiring five years from the date of the grant.

The stock options are being issued to field-crew-related consultants and officers of the company. The options were granted under and are subject to the terms and conditions of the company's stock option plan.

About Banyan Gold Corp.

Banyan Gold is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that are advantageous for a mineral project to have potential to become a mine. The company's Yukon-based projects both fit this model and the company's objective is to gain shareholder value by advancing projects in its pipeline.

We seek Safe Harbor.