Banyan Gold Corp. release the results from twenty-five (25) diamond drill holes from the Company's ongoing 2023 exploration campaign. These drill holes establish that the gold mineralization is continuous between Powerline and Aurex Hill deposits located on the Company's AurMac Property (the "Property"), Yukon Territory.

Assay highlights include: AX-23-415: 37.4 metres ("m") of 0.82 g/t Au from 103.4 m; AX-23-429: 28.0 m of 0.81 g/t Au from 80.5 m; AX-23-428: 18.5 m of 2.22 g/t Au from 182.0 m; AX-23-436: 53.8 m of 0.81 g-t Au from 194.5 m; AX- 23-451: 17.7 m of 1.44 g/t Au from 141.1 m. The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package consisting of predominantly schists, quartzites and limestones of the Late Proterozoic to Cambrian Hyland Group. Gold mineralization here is chiefly associated with low angle quartz-sulfosalt-arsenopyrite veins seen crosscutting all lithologies and is interpreted to be associated with a large intrusion related gold system typical of theombstone Gold Belt and Selwyn Basin gold deposits. A strong bismuth-gold association has been identified at AurMac and is being utilized to establish exploration vectors over the property.