Ms. Tara Christie reports

BANYAN EXPANDS MINERALIZED STRIKE LENGTH OF THE AIRSTRIP ZONE TO >1KM, DRILLS 76.9 METRES OF 0.61 G/T GOLD;- AUREX-MCQUESTEN GOLD PROJECT, YUKON

Banyan Gold Corp. has released results from the final seven diamond drill holes on the McQuesten Airstrip zone from the recently completed 3,385-metre (26 holes) phase 2 diamond drill program on the company's Aurex-McQuesten gold project near Mayo, Yukon. All together the phase 2 Airstrip drilling campaign tested greater than one kilometre of strike length of the newly defined Airstrip mineralized zone.

Highlights from these drill holes include:

• 76.9 metres of 0.61 gram per tonne gold in MQ-19-59;
• 33.7 metres of 0.40 g/t Au in MQ-19-57;
• 23.2 metres of 0.39 g/t Au in MQ-19-58;
• 16.7 metres of 0.37 g/t Au in MQ-19-60.

"These latest phase 2 Airstrip zone results continue to return long intervals of on- and near-surface gold mineralization within the interpreted mineralized zone and have upgraded our knowledge and confidence in the deposit as we step out east along strike into areas never previously drilled," stated Tara Christie, president and chief executive officer of Banyan. "Combined historic and contemporary drilling indicates that the consistent, daylighting and approximately 90-metre-thick prospective lithological package is preferentially mineralized with gold in excess of one km of strike length and up to 350 metres downdip. The Airstrip zone is open to the east, west and to depth."

Phase 2 Airstrip zone drilling was designed to expand the strike length of the mineralization of Airstrip block 1 from its previously defined 500-metre extension to greater than one kilometre in total. These seven holes, MQ-19-57 to MQ-19-63, together with previously announced drill holes MQ-19-46 to MQ-19-56 and MQ-19-64 (see company news releases of Nov. 18, 2019, Dec. 2, 2019, and Dec. 11, 2019) extend and infill Airstrip mineralization approximately 400 metres east and 150 metres west of Block 1 of the Airstrip zone mineralized trend and further validate the McQuesten mineralization geologic model.

Highlights of phase 2 Airstrip zone diamond drill results:

• 50.7 metres of 0.46 g/t Au in MQ-19-46;
• 74.2 metres of 0.48 g/t Au in MQ-19-47;
• 89.4 metres of 0.43 g/t Au in MQ-19-48;
• 36.2 metres of 0.61 g/t Au in MQ-19-49;
• 38.0 metres of 0.43 g/t Au in MQ-19-50;
• 106.7 metres of 0.63 g/t Au in MQ-19-52;
• 98.0 metres of 0.71 g/t Au in MQ-19-54;
• 53.3 metres of 0.31 g/t Au in MQ-19-55;
• 74.5 metres of 0.47 g/t Au in MQ-19-56;
• 76.9 metres of 0.61 g/t Au in MQ-19-59;
• 33.7 metres of 0.40 g/t Au in MQ-19-57;
• 23.2 metres of 0.39 g/t Au in MQ-19-58;
• 16.7 metres of 0.37 g/t Au in MQ-19-60.

            HIGHLIGHTED ASSAY RESULTS FROM 
              LATEST AIRSTRIP DRILL HOLES

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

MQ-19-57               13.5      47.2      33.7      0.40
including              17.2      17.9       0.7      5.45
including              34.5      36.0       1.5      0.99
including              43.5      45.0       1.5      1.52
MQ-19-58                5.7      28.9      23.2      0.39
including              25.0      26.5       1.5      1.73
including              27.5      28.9       1.4      1.04
MQ-19-59                3.1      80.0      76.9      0.61
including               3.1       5.3       2.2      4.84
including               8.3      10.6       2.3      7.59
including              27.1      28.6       1.5      0.93
including              31.5      33.0       1.5      0.95
including              49.5      50.9       1.4      1.51
including              52.0      53.5       1.5      0.91
including              60.0      61.5       1.5      1.51
and                   118.0     123.8       5.8      1.44
MQ-19-60               30.2      34.3       2.1      0.64
including              30.2      31.2       1.0      1.05
including              32.8      34.3       1.5      1.05
and                    74.7      91.4      16.7      0.37
including              80.8      82.2       1.4      1.36
MQ-19-61               47.9      69.1     21.12      0.20

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

Drill holes MQ-19-62 and MQ-19-63 targeted a previously undrilled area to the extreme east of the Airstrip zone, toward a lone historic drill hole (MQ-03-020) that intersected 43.5 metres of 0.29 g/t Au within a 156-metre-wide calcareous package. No significant results were returned from these holes; however, the Airstrip zone remains open to the east and more drilling is warranted in this area.

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

Results from the seven diamond drill holes at the Powerline target are pending.

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.