Banyan Gold Corp. announced the analytical results from thirty-six (36) diamond drill holes completed during the Company's 2022 exploration program at the Powerline deposit (the "Powerline Deposit") located on the Banyan's AurMac Property. Assay highlights include: 131.0 metres ("m") of 0.41 g/t Au in AX-22-217; 45.0 m of 1.07 g/t Au in AX-22-221; 175.8 m of 0.57 g/t Au in AX-22-224; 48.7 m of 0.61 g/t Au in AX-22-229; 55.4 m of 0.49 g/t Au in AX-22-230; 185.8 m of 0.43 g/t Au from surface in AX-22-231; 109.7 m of 0.40 g/t Au in AX-22-234; 96.0 m of 0.56 g/t Au from surfacein AX-235; 51.7 m of 0.61 g/t Au in AX-22-240; 68.8 m of 0.82 g/t Au in AX-22-243; 114.7 m of 0.40 g/t Au in AX-22-246; and 46.3 m of 0.69 g/t Au in AX-22-249.

Upcoming Events: Banyan will be attending: Metals Investor Forum, Vancouver, British Columbia, September 9 - 10, 2022, presentation September 9th at 12:10 pm PDT; Precious Metals Summit, Beaver Creek, Colorado, September 13 - 16, 2022, presentation September 14th at 3:15 PM MST; GCFF Conference 2022 - Global Resource Investment Conference, Richmond, British Columbia, September 24, 2022; and New Orleans Investment Conference, New Orleans, Louisiana, October 12 - 15, 2022. 2022 Exploration Program Update: Banyan started its 2022 exploration program on January 26, 2022. One hundred-fifty-five (155) drill holes and over 38,000 m of drilling has been completed to expand the mineralization around the Powerline Zone by 600 m to the east and 1,000 m west.

The 2022 program will include 90% of the drilling focused on expansion of the mineralization at Powerline and connecting Aurex Hill; and 10% focused on testing high priority regional targets on the AurMac Property and Nitra Property. Analytical Method and Quality Assurance/Quality Control Measures: All drill core splits reported in this news release were analysed by Bureau Veritas Minerals of Vancouver, BC utilizing the aqua regia digestion ICP-MS 36-element AQ200 analytical package with FA450 50-gram Fire Assay with AAS finish for gold on all samples. All core samples were split on-site at Banyan's core processing facilities.

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, BC for pulverization and final chemical analysis. A robust system of standards, ¼ core duplicates and blanks was implemented in the 2021 exploration drilling program and was monitored as chemical assay data became available.