Ms. Tara Christie reports

BANYAN GOLD DRILLS 106.7 METERS OF 0.63 G/T GOLD; CONTINUES TO CONFIRM LONG INTERVALS OF MINERALIZATION AT AIRSTRIP -- AUREX-MCQUESTEN GOLD PROJECT, YUKON

Banyan Gold Corp. has released results from the next four diamond drill holes of the recently completed 3,385-metre (26 hole) phase 2 diamond drill program on the company's Aurex-McQuesten gold project near Mayo, Yukon. This drilling was designed to expand the strike length of the mineralization of Airstrip block 1, from 500 metres to over one kilometre. Three of these four holes, MQ-19-46, MQ-19-52 and MQ-19-53, extended Airstrip mineralization up to 250 metres. Drill hole MQ-19-51 is the fifth and final hole from the phase 2 drill program testing the mineralization west of block 1 (news release dated Nov. 18). All remaining drill holes from the phase 2 program target the previously undrilled eastern extension of Airstrip mineralization and Powerline zone.

East Airstrip target returns broad intervals of gold mineralization including:

• 106.7 metres of 0.63 gram per tonne gold in MQ-19-52;
• 50.7 m of 0.46 g/t Au in MQ-19-46.

East Airstrip target high-grade highlights include:

• Three m of 2.89 g/t Au in MQ 19-52;
• 2.9 m of 12.49 g/t Au in MQ 19-52;
• 1.5 m of 1.89 g/t Au in MQ-19-52;
• 0.8 m of 4.50 g/t Au in MQ 19-46;
• 1.5 m of 1.68 g/t Au in MQ-19-53.

"These latest Airstrip zone results continue to impress, with each successive hole intersecting consistent intervals of near-surface gold mineralization within the host unit defined by Banyan's geologic model. Thus far the program results have increased not only overall confidence in the Airstrip zone, but significantly expanded the target to the east with fence drilling stepouts. Assays returned to date have meaningfully added tonnage and defined higher-grade zones within a previously undrilled portion of the growing Airstrip zone," stated Tara Christie, president and chief executive officer of Banyan.

Block 1 was defined at the Airstrip zone in 2018, and defines approximately 500 metres of strike length of a consistent, about 90 m thick prospective package of near surface and on surface mineralization. These holes represent the first in a series of stepout drill holes along trend of the postulated eastern extent of block 1, which together tested and were part of the set of holes designed to test over 500 m of eastern expansion of the Airstrip zone mineralized trend.

                 DRILL HOLE HIGHLIGHTS

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

MQ-19-46          8.3         59          50.7       0.46
including        10.5         12           1.5       1.59
including        13.5       14.3           0.8       4.50
including        37.8         39           1.2       1.27
including          40       40.3           0.3       1.03
including        44.5       45.6           1.1       1.15
including        57.9         59           1.1       1.97
MQ-19-51         53.4       57.9           4.5       0.54
including        53.4       55.0           1.6       1.00
MQ-19-52            9      115.7         106.7       0.63
including        49.5       52.5             3       2.89
including        55.3       56.8           1.5       1.89
including        82.4       82.9           0.5      15.40
including       112.8      115.7           2.9      12.49
MQ-19-53            9         50            41       0.27
including        13.7         15           1.3       1.44
including        36.9         38           1.1       1.22
including          47       48.5           1.5       1.68

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

The first four drill holes, MQ-19-47 through MQ-19-50, reported in news release dated Nov. 18, 2019, and MQ-19-51, reported in this news release, confirmed over 150 metres of strike extension to the west of block 1 of the Airstrip zone (with consistent intervals of gold mineralization from 0.40 to 0.60 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, punctuated with higher-grade zones up to 5.99 g/t Au). Gold mineralization remains open to the west and downdip of this 150-metre block tested west of block 1.

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.

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.