Ms. Tara Christie reports

BANYAN GOLD EXPANDS AIRSTRIP ZONE MINERALIZATION - DRILLS 91.4 M OF 0.44 G/T IN PHASE 2 DRILL PROGRAM - AUREX-MCQUESTEN GOLD PROJECT, YUKON

Banyan Gold Corp. has released results from the first four diamond drill holes from the recently completed 3,385-metre (26 holes) diamond drill program and 497 m (five holes) reverse circulation (RC) phase 2 drill program at the company's Aurex-McQuesten gold project near Mayo, Yukon. The program is designed to expand the Airstrip and Powerline targets to one kilometre and 250 metres of strike, respectively.

Airstrip target highlights include:

• 5.99 grams per tonne gold over 0.9 m in MQ-19-47;
• 3.77 g/t Au over 1.8 m in MQ-19-48;
• 4.54 g/t Au over 2.3 m in MQ-19-49;
• 2.16 g/t Au over 4.2 m in MQ-19-50.

"These first results continue to define broad intervals of near-surface gold mineralization expanding the Airstrip zone," stated Tara Christie, president and chief executive officer of Banyan. "Drilling was designed to test the continuation of mineralization by 500 metres along strike, meaningfully adding tonnage and defining higher-grade shoots."

Block 1 was defined at the Airstrip zone in 2018, and outlines an approximately 90 m thick package of near surface and on surface mineralization with 500 m of strike. These first four drill holes confirm 150 metres of strike extension to the west of block 1 of the Airstrip zone and confirm the mineralization continues to be open to the west. All holes intersected consistent and broad intervals of gold mineralization from 0.4 to 0.6 g/t Au, including: 74.2 metres of 0.48 g/t Au, 89.4 metres of 0.43 g/t Au, 36.2 metres of 0.61 g/t Au and 38.0 metres of 0.43 g/t Au. All of the holes also returned higher-grade zones, punctuating the broad mineralization, as in the associated table.

Hole ID           From          To   Interval*          Au
                   (m)         (m)         (m)       (g/t)

MQ-19-47          28.2       102.4        74.2        0.48
including         33.5        40.6         7.1        1.11
including         46.7        47.7         1.0        1.66
including         83.3        88.4         5.1        3.00
including        101.5       102.4         0.9        5.99
MQ-19-48          39.3       128.7        89.4        0.43
including         39.3        43.5         4.2        0.91
including         45.3        45.9         0.6        1.04
including         77.0        79.2         2.2        1.77
including        103.4       103.7         0.3        5.66
including        107.6       109.4         1.8        3.77
including        112.4       113.9         1.5        2.13
including        126.9       128.7         1.8        2.45
MQ-19-49          55.2        91.4        36.2        0.61
including         72.5        73.5         1.0        2.56
including         77.9        79.4         1.5        1.53
including         84.6        88.4         2.3        4.54
And              118.0       119.5         1.5        1.46
MQ-19-50          43.5        81.5        38.0        0.43
including         50.5        54.7         4.2        2.16
Including         60.5        61.7         1.2        1.53
including         80.0        81.5         1.5        1.59

* True widths are considered to be greater than 90 per 
cent of the reported intervals.

Sections and plan maps of results will be made available on the company website.

About Aurex-McQuesten

The Aurex-McQuesten property is just 40 km from Victoria Gold Corp.'s Eagle gold mine and adjacent to Alexco Resource Corp.'s highly mineralized Keno Hill silver. The Airstrip and Powerline zones are located just off the main Yukon government highway between Mayo and Keno. The property has numerous historic exploration roads and trails and has cellphone coverage. The three-phase power line from the hydroelectric dam in Mayo passes through the property, as well as, the switching station and spur power line to Victoria Gold. There is an existing airstrip on the property and the Mayo airport is a 20-minute drive on the highway from the property.

Upcoming events

Banyan will have a core display at the Yukon geoscience forum on Monday, Nov. 18, at the Coast High Country Convention Center in Whitehorse, Yukon. A technical presentation on the Aurex-McQuesten project will occur at 2:30 p.m. on Tuesday, Nov. 19. Tara Christie will also be participating in an inclusion and diversity in Yukon mineral industry panel at 1 p.m. in the afternoon of Nov. 18.

Technical information

The technical information in this news release has been reviewed and approved by Paul D. Gray, PGeo, a qualified person as defined by National Instrument 43-101.

Analytical method

All drill core and trench samples collected from the 2019 Aurex-McQuesten program were analyzed at Bureau Veritas Minerals of Vancouver, B.C., utilizing the aqua regia digestion ICP-MS (inductively coupled plasma mass spectrometry) 36-element AQ200 analytical package with FA450 50-gram fire assay with AAS (atomic absorption spectroscopy) finish for gold on all samples. All core samples were split on site at Banyan's core processing facilities in Elsa, Yukon. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse, preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's analytical laboratory in Vancouver, B.C., for pulverization and final chemical analysis. A robust system of standards, one-fourth core duplicates and blanks was implemented in the 2019 exploration drilling program and was monitored as chemical assay data became available.

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 is 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.