Ms. Tara Christie reports

BANYAN GOLD DISTRICT CONSOLIDATION WITH CLAIM PURCHASE, AURMAC PROJECT, YUKON

Banyan Gold Corp. has acquired Trail Minto claims (total 229 claims) located between Banyan's AurMac project and Nitra project properties from Mayo Lake Minerals Inc. (Canadian : MLKM) completing a district consolidation of almost 720 square kilometres ("sq km") around the AurMac project (Figure 1).

"With today's acquisition of the Minto claims, the AurMac and Nitra properties have now grown to a contiguous 720 square km land package covering the AurMac deposit (see Table 1 below) and an extensive prospective and underexplored land package," said Tara Christie, president and chief executive officer. "Banyan has identified geophysical and surface geochemical trends which continue toward the Trail-Minto claims and Nitra claim block, indicating the potential for reduced intrusion-related gold mineralization."

Property acquisition

Banyan has completed the purchase of 100-per-cent interest in a group of 229 quartz claims, covering 46 square kilometres, referred to as the Trail-Minto claims for a cash consideration of $1-million and a 2-per-cent net smelter royalty to Mayo Lake Minerals Inc. Banyan may, at any time, elect to reduce the royalty rate to 1 per cent upon a payment of $1-million. All other previous royalties have been eliminated.

The claims are situated in-between and contiguous to the AurMac and Nitra properties. Application of the geological, geophysical and structural models developed by Banyan for AurMac highlights the prospectivity on the Trail-Minto claims. Banyan has identified geophysical and surface geochemical trends which continue toward the Trail-Minto claims and Nitra claim block, indicating the potential for reduced intrusion-related gold mineralization.

All of the claims that are now owned by Banyan, either by staking or purchase, preceded the government of Yukon and the First Nation Na-cho Nyak Dun signing a memorandum of understanding on July 31, 2025, to initiate the regional land use planning process.

Updated disclosure on Banyan share registry

The company is aware that there continues to be old information about the company's shareholder registry held by external data providers which the company is working hard to correct. The company confirms that PricewaterhouseCoopers, in its capacity as receiver for Victoria Gold Corp., has divested of all its Banyan shares, as of Oct. 15, 2025. The shares were originally issued to Victoria under the AurMac property earn-in agreement and through early financings. Since September, Banyan has welcomed notable new institutional and high net-worth shareholders and current information is maintained on the Banyan website.

Yukon-B.C. grid connect

Banyan welcomes Prime Minister Mark Carney's announcement referring the Northwest Critical Conservation Corridor -- including the proposed Yukon-B.C. grid connect -- to the major projects office to accelerate this nation-building initiative. Banyan supports the federal recognition of the corridor's substantial potential to advance critical minerals development and clean power transmission while upholding indigenous rights and project leadership. As outlined in the Yukon Development Corp.'s shared grid/shared benefits report, the Yukon-B.C. grid connect could unlock up to $7.6-billion in annual clean economic growth, support more than 36,000 long-term jobs and enable up to 2,000 megawatts of new renewable energy. Connecting the Yukon's isolated grid to the Canadian grid through B.C. would enhance energy security, deliver clean power across Canada's Northwest corridor and enable responsible development of mining projects, including Banyan's AurMac.

Qualified person

Duncan Mackay, MSc, 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 MREs. 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 the traditional territory of First Nation of Na-Cho Nyak Dun, in Canada's Yukon Territory. The current mineral resource estimate (MRE) for the AurMac project has an effective date of June 28, 2025, and comprises an indicated mineral resource of 2,274,000 ounces (oz) of gold (Au) (112.5 M tonnes at 0.63 g/t) and an inferred mineral resource of 5,453,000 oz of Au (280.6 M tonnes at 0.60 g/t) (as defined in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources & Mineral Reserves incorporated by reference into National Instrument 43-101). The 303-square-kilometre AurMac project is contiguous with the 417 square km Nitra project, located 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.

In addition to the AurMac project, the company holds the Hyland gold project, located 70 kilometres northeast of Watson Lake, Yukon, along the Southeast end of the Tintina gold belt (the Hyland project) in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council. 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. The updated MRE comprises an indicated mineral resource of 337,000 ounces (oz) of gold (Au) and 2.63 million oz of silver (Ag) (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an inferred mineral resource of 118,000 oz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag) (as defined in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective Sept. 1, 2025, and with technical report filed on SEDAR+ on Oct. 27, 2025.

Banyan also holds the Nitra gold project, a grassroots exploration project located in the Mayo mining district, approximately 10 km west of the AurMac gold project. The Nitra project 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 km. 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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