Ms. Tara Christie reports

BANYAN ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

Banyan Gold Corp. has granted eight million stock options to purchase eight million shares at an exercise price of 21 cents per share with a vesting period of up to 18 months. A total of 5.6 million options are being granted with a 10-year term, while 2.4 million are being granted with a five-year term.

The stock options are being issued to directors, officers, consultants, advisers and exploration staff of the company. The options were granted under and are subject to the terms and conditions of the company's stock option plan and were based on the annual compensation review process.

Upcoming events:

• Vancouver Metals Investor Forum -- Jan. 17 and Jan. 18, 2025;
• Vancouver Resource Investment Conference -- Jan. 19 and Jan. 20, 2025;
• AME Roundup, Vancouver -- Jan. 20 to Jan. 24, 2025;
• BMO 34th Global Metals, Mining & Critical Minerals Conference -- Feb. 23 to Feb. 26, 2025.

Qualified person

Paul D. Gray, PGeo, is a qualified person, as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release. Mr. Gray is a consultant to Banyan and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the information.

About Banyan Gold Corp.

Banyan's primary asset, the AurMac project, is located in Canada's Yukon. The current inferred mineral resource estimate (MRE) for the AurMac project of seven million ounces has an effective date of Feb. 6, 2024.

The 173-square-kilometre AurMac project lies 40 km from Mayo, Yukon. The AurMac project is transected by the main Yukon highway and benefits from a three-phase powerline, existing power station and cell phone 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 property, 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 kilometres), accessible by a network of existing gravel access roads.

We seek Safe Harbor.