Ms. Tara Christie reports

BANYAN FILES TECHNICAL REPORT FOR AURMAC PROJECT, 7 MILLION OUNCE GOLD UPDATED MINERAL RESOURCE ESTIMATE, YUKON, CANADA

Banyan Gold Corp. has filed the technical report to support the updated mineral resource estimate (MRE) in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards incorporated by reference in National Instrument 43-101 for the AurMac project. The AurMac project is located in the Mayo mining district, approximately 40 kilometres northeast from the village of Mayo, Yukon, and 356 km north of Whitehorse, Yukon. The technical report was prepared by Marc Jutras, PEng, MASc, principal, Ginto Consulting Inc., Tawnya Thornton, PEng, of JDS Energy & Mining Inc., and Dr. Deepak Malhotra, PhD, of Forte Dynamics. The technical report is available for review on SEDAR+ and on the company's website.

As announced on Feb. 7, 2024, the updated AurMac mineral resource comprises a total inferred mineral resource of 7,003,000 ounces of gold on the road-accessible AurMac project. The updated MRE contains an inferred mineral resource of seven million ounces of gold (as defined in the CIM definition standards for mineral resources and mineral reserves incorporated by reference into NI 43-101).

The pit-constrained MRE is contained in two near-/on-surface deposits: the Airstrip and Powerline deposits in the road-accessible AurMac project. The updated MRE is summarized herein.

"AurMac's seven million oz gold resource is one of the largest potentially open-pit minable resources in North America," said Tara Christie, Banyan president and chief executive officer. "AurMac also benefits from being in a safe jurisdiction with a proven mine permitting process, adjacent to two existing mines, and possessing existing all-season roads and hydro power infrastructure on the property."

Qualified person

Paul D. Gray, PGeo, is a qualified person as defined under NI 43-101, and has reviewed and approved the content of this news release. Mr. Gray is Banyan Gold's geological consultant and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the information.

Coming events

• Banyan U.S. Roadshow -- Seattle, Los Angeles, Dallas, Houston -- April 4 to 10;
• Arctic Indigenous Investment Conference -- May 7 to 8;
• Invest Yukon Investment Conference and Property Tours -- June 21 to 26.

About Banyan Gold Corp.

The 173-square-kilometre AurMac project lies 30 km from Victoria Gold's Eagle project and adjacent to Hecla Mining's high-grade Keno Hill Silver mine. The AurMac project is transected by the main Yukon highway and access road to the Victoria Gold open-pit, heap-leach Eagle Gold mine. The AurMac project benefits from a three-phase power line, existing power station and cellphone coverage. Banyan has the right to earn up to a 100-per-cent interest, in both the Aurex and McQuesten properties, respectively, subject to certain royalties.

In addition to the AurMac project, the company holds the Hyland gold project, located 70 km northeast of Watson Lake, Yukon, along the southeast end of the Tintina gold belt. The Hyland project represents a sediment-hosted, structurally controlled, intrusion-related gold deposit, within a large land package (over 125 square km), accessible by a network of existing gravel access roads.

We seek Safe Harbor.