VANCOUVER - Banyan Gold Corp. (the 'Company' or 'Banyan') (TSX-V: BYN) (OTCQB: BYAGF) announces the filing of the Technical Report to support the Updated Mineral Resource Estimate ('MRE') in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ('CIM') Definition ?Standards incorporated by reference in National Instrument 43-101 ('NI 43-101') for the AurMac Project.

The AurMac Project is ?located in the Mayo Mining ?district, approximately 40 kilometres ('km') northeast from the village of Mayo, Yukon and 356 ?km north of Whitehorse, Yukon (the 'AurMac Property' or 'AurMac'). ?The Technical Report was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., Tawnya Thornton, P.Eng., of JDS Energy & Mining Inc. and Deepak Malhotra, PhD., of Forte Dynamics. The Technical Report is available for review on SEDAR at www.sedar.com and on the Company's website at www.banyangold.com.

As announced on February 7, 2024, the Updated AurMac Mineral Resource comprises a total inferred mineral resource of 7,003,000 ounces of gold on the road accessible AurMac Project. The updated MRE contains an Inferred Mineral Resource of 7.0 million ('M') ?ounces ('oz') of gold (as defined in the CIM Definition ?Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101).

'AurMac's 7 million oz gold Resource is one of the largest potentially open-pit mineable resources in North America,' said Tara Christie, Banyan President and CEO. 'AurMac also benefits from being in a safe jurisdiction with a proven mine permitting process, adjacent to two existing mines and possessing existing all-season roads and hydro power infrastructure on the property.'

About Banyan

The 173 square kilometres ('sq km') AurMac Project lies 30 km from Victoria Gold's Eagle Project and adjacent to Hecla Mining's high grade Keno Hill Silver mine. The AurMac Project is transected by the main Yukon highway and access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The AurMac Project benefits from a 3-phase powerline, existing power station and cell phone coverage. Banyan has the right to earn up to a 100% interest, in both the Aurex and McQuesten Properties respectively, subject to certain royalties.

In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the 'Hyland Project'). The Hyland Project represents a sediment hosted, structurally controlled, intrusion related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads.

Banyan trades on the TSX-Venture Exchange under the symbol 'BYN' and is quoted on the OTCQB Venture Market under the symbol 'BYAGF'.

Contact:

Tara Christie

President & CEO

Tel: 778 928 0556

Email: tchristie@banyangold.com

Jasmine Sangria

Tel: 604 312 5610

Email: jsangria@banyangold.com

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend(s)', 'believe', 'potential' and 'continue' or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's plans for exploration and statements regarding exploration expectations, prospectivity of the Company's property interests, potential mining processes, pricing assumptions and mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the estimation of mineral resources and the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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