Ms. Tara Christie reports

BANYAN ANNOUNCES EXPANSION OF AURMAC PROPERTY AND ACQUISITION OF THE NITRA PROPERTY, YUKON

Banyan Gold Corp. has staked an additional 401 claims situated immediately adjacent and contiguous to the AurMac property, significantly expanding the AurMac footprint from 92 square kilometres to 156 square kilometres.

Concurrently, Banyan identified and staked a new package of land located five kilometres to the west of the AurMac project, which, based on prospecting, exhibits similar geological potential. The new property has been named the Nitra property and comprises 593 claims and 117 square kilometres.

"Banyan has now expanded our land position to over 270 square kilometres of highly prospective ground that fits the application of our geological model developed and utilized to successfully unlock near-surface gold resources at Airstrip and Powerline," stated Tara Christie, president and chief executive officer. "The Mayo mining district is an extremely prospective and active mining camp, and Banyan intends to be a leader in the advancement of mineral resources in the area."

The newly staked expansion to AurMac and the Nitra properties are 100 per cent owned by Banyan.

Banyan selected the name Nitra to honour the First Nation of Nacho Nyak Dun, within whose traditional territory the AurMac and Nitra properties are located. Nitra is from the Northern Tuchone language, the ancestral language of the First Nation of Nacho Nyak Dun and means respect.

Qualified person

Paul D. Gray, PGeo, vice-president of exploration for the company, is a qualified personas defined under National Instrument 43-101 and has reviewed and approved the content of this news release.

COVID-19 update

Banyan has taken pro-active measures to protect the health and safety of its employees and communities from COVID-19 and exploration activities in 2020 have additional safety measures in place and are adapted as needed, following and exceeding all the recommendations made by the Yukon's chief medical officer.

About Banyan Gold Corp.

Banyan's primary asset, AurMac, is adjacent to Victoria Gold Corp.'s new Eagle gold mine in Canada's Yukon, which announced commercial production on July 1, 2020. The AurMac initial resource of 903,945 ounces Au was announced in May, 2020. Banyan's major strategic shareholders include Osisko Gold Royalties, Sprott Funds, Alexco Resource Corp. and Victoria Gold. Banyan is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that are advantageous for a mineral project to have potential to become a mine. Its Yukon-based projects both fit this model and its objective is to gain shareholder value by advancing projects in its pipeline.

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