Ms. Tara Christie reports

BANYAN PROVIDES UPDATE FOR 2025 DIAMOND DRILL EXPLORATION PROGRAM AT THE AURMAC PROJECT, YUKON, CANADA

Banyan Gold Corp. has completed 19 diamond drill holes and 4,500 metres of the 30,000-metre program at the AurMac project in Yukon. The fully financed 30,000-metre diamond drill program commenced on April 1, 2025.

"Our 2025 program at AurMac has started strong with three drills turning at AurMac," said Tara Christie, president and chief executive officer. "We have an exciting year ahead with targets to follow up on high-grade results at Airstrip, testing possible extensions of the mineralized envelope of the deposit at both Airstrip and Powerline and other regional targets. The first part of the program has been planned to strategically take advantage of snowpack and frozen ground."

"Core from initial drilling strongly validates our drill plan, with visible gold discovered for the first time in our high-grade skarn mineralization at Airstrip in AX-25-650," stated Duncan Mackay, vice-president of exploration. "Diamond drill holes AX-25-650 and AX-25-652 follow up on AX-24-590 from 2024, which intersected 15.9 metres at 9.32 grams per tonne gold (see news release Feb. 19, 2025). These intersections of visible gold in association with consistent skarn-style mineralization support our improved understanding of the near-surface, high-grade mineralization at Airstrip following our 2024 program. We have continued to trace this mineralization in the up-dip direction with the goal to delineate more of this near-surface high-grade domain. Visible gold and veining are typical of Powerline mineralization and continue to be observed in core from expansion holes targeting the Powerline deposit."

Drill hole AX-25-650 was drilled to test continuity of relative high-grade mineralization associated with the contact between a felsic dike and calcareous metasediment. Visible gold was observed in dike-skarn mineralization for the first time at the Airstrip deposit. Initial review of drill core suggests consistent high-grade gold mineralization with good continuity, spatially associated with the felsic dike contact in both the hangingwall and the footwall.

Airstrip deposit

Drill hole AX-25-650 was drilled to a length of 225.55 metres at an azimuth of 245 degrees and dip of minus-50 degrees with the goal of testing continuity of calc-silicate hornfels alteration and related mineralization in proximity to the felsic dike-calcareous metasedimentary rock contact. The drill hole successfully intersected several sections of skarn-style mineralization with semi-massive pyrrhotite and coarse-grained arsenopyrite and pyrite, typical of relatively high-grade gold mineralization in Airstrip as well as the first instance of visible gold in this style of mineralization observed at site. Visible gold was also observed in AX-25-650 associated with a discordant quartz vein typical of mineralization observed in the Powerline deposit.

Qualified person

Duncan Mackay, 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 in respect of all disclosure other than the mineral resource estimate. Mr. Mackay is vice-president, exploration, for 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 Yukon, Canada. The current inferred mineral resource estimate for the AurMac project of 7.0 million ounces has an effective date of Feb. 6, 2024. The 215.3-square-kilometre AurMac project lies 40 kilometres from Mayo, Yukon. The AurMac project is transected by the main Yukon highway and benefits from a three-phase power line, an 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.

The inferred mineral resource estimate for the AurMac project was prepared on Feb. 6, 2024, and consisted of 7,003,000 ounces of gold (see Table 1) hosted within near-surface, road-accessible, pit-constrained mineral resources contained in two near-surface/on-surface deposits: the Airstrip and Powerline deposits.

In addition to the AurMac project, the company holds the Hyland gold project, located 70 kilometres northeast of Watson Lake, Yukon, along the southeastern 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.

Banyan also holds the Nitra gold project, a grassroots exploration project located in the Mayo mining district, approximately 10 kilometres west of the AurMac gold property. The Nitra property lies in the northern part of the Selwyn basin and is underlain by metaclastic rocks of the Late Proterozoic Yusezyu formation of the Hyland group, similar to lithologies hosting portions of the AurMac project. Middle Cretaceous Tombstone plutonic suite intrusions occur along the property, including the Morrison Creek and Minto Creek stocks. The property is 100 per cent owned and operated by Banyan Gold and covers approximately 313.9 square kilometres. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and four-by-four roads.

Banyan trades on the TSX Venture Exchange under the symbol BYN and is quoted on the OTCQB Venture Market under the symbol BYAGF.

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